2376 Carpenter Rd - Hospitality FOR SALE


Ann Arbor, MI 48108- Pittsfield Lodi
$8,500,000 USD
248-207-6307
2376 Carpenter Rd, Ann Arbor, MI for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/4
null | 10% Cap Rate

2376 Carpenter Rd
Ann Arbor, MI 48108
Pittsfield Lodi


OVERVIEW

Portfolio price includes another Quality Inn and Suites 50 rooms plus 127 rooms Days Inn Hotel 4.54 acres site with two hotels Quality Inn & Suites and Days Inn Ann Arbor Hwy 23 in Ann Arbor, MI. This is a 60% percent occupancy stabilized asset, that offers an investor the rare opportunity to acquire a well constructed 2 Hotels in one location Cash-on-Cash Return. The property is a 84,937 square foot inline center on Carpenter Rd

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$314 USD /SF

# OF ROOMS

50

PRICE/ROOM

$170,000 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Ann Arbor Hwy 23

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2004

PARKING SPACES

59

LAND DETAILS

LAND ACRES

4.77 AC

LAND SF

207,781 SF

ZONING

BI

APN/PARCEL ID

12-02-480-041

ASK ABOUT THIS PROPERTY

Joseph ManuelMy Realty LLCMore Info
248-207-6307

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Joseph ManuelMy Realty LLCMore Info
248-207-6307

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