Kampgrounds Of America Inc. Acquires 28.3-Acre Resort In Galveston With Marcus & Millichap As Brokers
23700 Termini-San Luis Pass Rd, Galveston, TX, USA
Building Size
2,124,774 SF
Asset Type
Other
Closing
Feb 2, 2021
About this deal
AI
Located in Galveston, a resort property was recently sold at 23700 Termini-San Luis Pass Rd. The transaction took place on 02/03/2021, and the property spans across 28.3 acres. The buyer of this resort property is Kampgrounds of America Inc. (KOA), and the deal was facilitated by Jesse Pine & Bob Kaplan from Marcus & Millichap.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: Not available
- Address: 23700 Termini-San Luis Pass Rd
- Market: Galveston
- Acres: 28.3
Jesse Pine & Bob Kaplan, representing Marcus & Millichap, played a crucial role in brokering the deal for this resort property.
Players
Galveston Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93