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1533 Lacey Street - SEALED BID AUCTION: FORMER TRAVELODGE MOTEL, Fairbanks, AK

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1533 Lacey Street - SEALED BID AUCTION: FORMER TRAVELODGE MOTEL

Fairbanks, AK 99701-6209


Property Type:Hospitality Number of Rooms:65 Status:Existing Year Built:1974
Stories:4 Building Size:24,584 SF Land Area:.79 AC (34,412 SF)
For Sale Price:$449,000 Price/Room:$6,908 Cap Rate:-

Parking:2.44 Parking Spaces / 1,000 SF



Sale Notes:
Zetabid Sealed Bid Auction Sale!
Auction Dates: 09/03/18 - 09/06/18 (Pre-Auction Offers will be Accepted)
Direct link: https://zetabid.com/auction/travel-lodge-fairbanks-alaska/
Visit Zetabid.com for property and bidding information. Subject to 5% Buyer Premium

Zetabid is pleased to present this former Travelodge for sealed bid auction. A true value opportunity for both an investor or owner/operator. The 2017 seasonal hotel business had positive net operating income (NOI), but needs current upgrades to continue operations. There is ample parking including room for RV's and is located less than 6 miles from Fairbanks International Airport. Profit/Loss statements for 2016 & 2017, appraisal information, inspection reports (2017), survey, phase 1 and additional due diligence documents are available in the diligence vault on the property website. Pre-auction offers are welcome.

Heritage Global Partners, Inc.
Michael Davin
(424) 888-6068 x101

Michael Davin
(424) 888-6068 x101

Eric Koesterer
(424) 888-6068

  
Madden Real Estate, LLC
Brandon Phillips
(907) 452-3000




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