HOSPITALITY | OFFERING MEMORANDUM UNDERWOOD MOTEL & EXTENDED STAY OFF I-80 26553 MAGNOLIA ROAD | UNDERWOOD | IOWA 51576 EXECUTIVE SUMMARY - THE PROPERTY 34 total number of rooms ONE number of buildings 12,770 SF / 1.37 AC total building area / total land area CBRE is pleased to present the opportunity to acquire the Underwood Motel & Extended Stay off I-80, a 34-unit motel in Underwood, Iowa. The property consists of a two-story building adjacent to Interstate 80. INVESTMENT HIGHLIGHTS 34-room motel Excellent owner/operator opportunity Convenient location off I-80, within 10 miles to Council Bluffs and the Omaha, Nebraska metropolitan area Demand generators include I-80 traffic, casinos, golf courses, Jack Links plant, convention centers, concert venues and Henry Doorly Zoo Only one of two hotel or motels within 13 miles Well below replacement cost Recent capital improvements and renovations See agent for financials and other information Location Highlights › Adjacent to Exit 17 off I-80 › Next to Underwood I-80 Truck Stop › Only one of two motels or hotel within 13 miles › Within walking distance to a 500K SF Jack Links distribution center and the town of Underwood Amenities › Refrigerators and microwaves in all rooms › Complimentary wi-fi and cable TV in all rooms › Manager’s office and lobby › Large self-service laundry facility for guests › Recent renovations and extensive capital improvements Room Types › 34 rooms and suites total › 9 extended stay suites with separate bedroom and full kitchen › 25 rooms with one queen bed, one bathroom, refrigerators and microwaves JURISDICTION Underwood, Iowa 51576 LOCATION West and adjacent to I-80 BUILDING SIZE 12,770 SF LAND AREA 1.37 AC ASSESSOR PARCEL # 764221200001 ZONING Commercial YEAR BUILT / RENOV 1973, 1991 / 2024 BUILDING CONFIGURATION Two-story L-shaped motel with office, 11 extended stay suites, and guest laundry NUMBER OF ROOMS 34 OWNERSHIP INTEREST Fee-simple MANAGEMENT Unencumbered