1 Fortune Blvd - Hospitality FOR SALE
Milford, MA 01757 |
1 Fortune Blvd
Milford, MA 01757
HIGHLIGHTS
- Fee simple interest in the lender-owned 73-room Fairfield Inn & Suites located in Milford (Boston area), Massachusetts.
- Offered unencumbered by management and debt.
- Transferred to special servicing in November 2020, and the lender completed foreclosure in May 2022.
- Strong market performance with competitive set trailing-24-month RevPAR average gains of 8.5%, grossly outpacing national averages.
- Prime location between Boston and Providence and readily accessible via the heavily trafficked Interstate 495, with upwards of 85,000 vehicles passing
- Situated approximately three miles from all Milford area corporate demand, including Waters Global Headquarters, Consiglia Construction, Milton CAT
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Fairfield Inn & Suites Boston Milford
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
34751
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2000
PARKING SPACES
78
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
IB
APN/PARCEL ID
MILF-000028-000098-000027
