Updated Oct 29, 2024
Affiliate Of Harman Investment Group, Inc Acquires Everett Hotel For $10.2M
12619 Fourth Avenue West Everett, Washington 98204, USA
$10,200,000
Building Size
—
Asset Type
Hotel
Closing
May 9, 2023
About this deal
AI
An affiliate of Harman Investment Group, Inc has acquired a hotel located at 12619 Fourth Avenue West in Everett, WA. The transaction, which took place on May 9, 2023, involved a sale price of $10,200,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $10,200,000
- Address: 12619 Fourth Avenue West, Everett, WA
- Market: Everett, WA
- Buyer: Affiliate of Harman Investment Group, Inc
- Seller: Affiliate of Yi Ya Hoo Enterprise LLC
The buyer, an affiliate of Harman Investment Group, Inc, made the acquisition from the seller, an affiliate of Yi Ya Hoo Enterprise LLC. The purchase of this hotel represents a significant investment in the Everett, WA market.
Players
Everett Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93