2500 Coolidge Rd - Hospitality FOR SALE
East Lansing, MI 48823 |
2500 Coolidge Rd
East Lansing, MI 48823
HIGHLIGHTS
- Fee simple interest in the 86-room Hampton Inn East Lansing.
- The asset will be available for purchase in the May 7th auction event via Ten-X.
- Offered as part of a five-property portfolio, with all properties being sold individually.
- Property offered unencumbered by management and debt and at a significant discount to replacement cost.
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
- Adjacent to the heavily trafficked US Route 127 with upwards of 56,000 vehicles passing the location daily.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Hampton Inn East Lansing
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
45947
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1999
PARKING SPACES
84
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
B5
APN/PARCEL ID
20-01-01-100-046
