2113 Sapp Bros Dr - Hospitality FOR SALE


Percival, IA 51648
$2,350,000 USD
952-932-9987
2113 Sapp Bros Dr, Percival, IA for Sale
$2,350,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

2113 Sapp Bros Dr
Percival, IA 51648


HIGHLIGHTS

  • Strategically located on I-29, capturing significant transient demand from millions of annual travelers, and located approximately 1 hour from Omaha
  • Current ownership has completed a variety of property improvements leaving minimal expected change of ownership PIP
  • Currently owned through an absentee ownership model
  • Strong Historical Performance year over year

OVERVIEW

Timm and Associates, Inc. has been exclusively retained to represent the ownership in the sale of the Motel 6 of Percival, IA. The hotel is a 45 room, 2 story hotel strategically positioned along I-29, capturing consistent transient demand and benefiting from the proximity to the greater Omaha metropolitan area. Built in 2005 and unencumbered by third party management, the property offers investors a stable operating history with meaningful upside potential through more hands on ownership. Recent capital improvements have position the asset for continued performance, making this an attractive opportunity to acquire a well maintained limited service hotel in a proven interstate location

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$104 USD /SF

# OF ROOMS

45

PRICE/ROOM

$52,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Percival

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2005

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C

APN/PARCEL ID

0-300301-96010000,0-300301-96020000

ASK ABOUT THIS PROPERTY

Gregory TimmTimm & Associates, IncMore Info
952-932-9987

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Gregory TimmTimm & Associates, IncMore Info
952-932-9987

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.