This Property is no longer advertised on Showcase.com.
Off Market
1/21

2210 Highway 6 & 50
Grand Junction, CO 81505


HIGHLIGHTS

  • Available unencumbered of management and debt with ability to retain the Red Roof flag.
  • Office space available for rent providing additional cash flow.
  • 7000 square foot warehouse space that can be leased for additional cash flow.
  • 5 year lease with established restaurant providing additional cash flow and also bringing in additional nightly guests.
  • Property is ideally positioned on a nearly 6 acre parcel directly on US HWY 50.
  • Located at the intersection of the I70 and US 50 with excellent visibility in a high traffic location.

OVERVIEW

Fee simple interest in the 100-room Red Roof Inn Grand Junction by Red Roof CAP Rate of 10.59% on 2022 YE performance Property is being offered for sale through a traditional marketing process at a significant discount to replacement cost Available unencumbered of management and debt with ability to retain the Red Roof flag Strong in-place performance and positive cash flow making the asset readily financeable 5 year lease with established restaurant providing additional cash flow and also bringing in additional nightly guests 7000 sq/ft warehouse space that can be leased for additional cash flow Office space available for rent providing additional cash flow Located at the intersection of the I70 and US 50 with excellent visibility in a high traffic location Property is ideally positioned on a nearly 6 acre parcel directly on US HWY 50 I-70 is the second most trafficked highway in the state and is the primary access for vehicles entering the state

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Grand Junction

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

52882

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

127

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

2701-313-05-013