2380 Carpenter Rd - Hospitality FOR SALE


Ann Arbor, MI 48108- Pittsfield Lodi
$8,500,000 USD
248-207-6307
2380 Carpenter Rd, Ann Arbor, MI for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/4
null | 10% Cap Rate

2380 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

$208 USD /SF

# OF ROOMS

127

PRICE/ROOM

$66,929 {currency}

CAP RATE

10%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn Ann Arbor

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

120

LAND DETAILS

LAND ACRES

4.54 AC

LAND SF

197,762 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.