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2120 S Arlington Heights Rd...

Updated Sep 9, 2024

Marcus & Millichap Represents Buyer In $7.5M Sale At 2120 S Arlington Heights Rd Arlington
SOLDHotel

Marcus & Millichap Represents Buyer In $7.5M Sale At 2120 S Arlington Heights Rd Arlington

2120 S Arlington Heights Rd, Arlingto...

$7,500,000

Building Size

Asset Type

Hotel

Closing

Aug 22, 2019

About this deal

AI

The asset involved in the transaction is the Comfort Inn, a 125-room hospitality property located at 2120 S. Arlington Heights Road in Arlington Heights, Illinois. The hotel is categorized as upper midscale and features three stories with elevator service, a business center, fitness center, dry cleaning services, and meeting rooms. The transaction was completed for $7,500,000.

Summary of transaction details:

  • Property Type: Hospitality
  • Transaction Amount: $7,500,000
  • Address: 2120 S Arlington Heights Rd, Arlington Heights, IL
  • Market: Arlington
  • Buyer: Unknown
  • Seller: Unknown
  • Buyer's Representative: Allan Miller (Marcus & Millichap), Christopher (Chris) Gomes (Marcus & Millichap)

The sale was marketed exclusively by Ebrahim Valliani, first vice president investments, and Michael Klar, an associate, along with Allan Miller and Chris Gomes from Marcus & Millichap’s Chicago Oak Brook, Dallas, and Austin offices. They represented both the seller and the buyer in this transaction.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

52 deals

Broker

Arlington Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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