425 Timberland Dr - Hospitality FOR SALE


Story City, IA 50248
$3,150,000 USD
515-428-6087
425 Timberland Dr, Story City, IA for Sale
$3,150,000 USD
Hospitality - FOR SALE
1/6
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425 Timberland Dr
Story City, IA 50248


OVERVIEW

**Flexible seller financing available** Well maintained Comfort Inn right off of I35 approximately 30 minutes north of the Des Moines Metro. 59 rooms, breakfast room, indoor pool and fitness center. The Hotel has been exceptionally maintained and is being operated by a full staff as the owner is absentee. Numerous upgrades completed in the past year including a new roof and windows. Choice Hotels has issued a formal change of ownership PIP which is minimal. Room revenues have been stable between 1MM and 1.15MM for the past 3 years. Pre covid revenues were higher and the hotel has not yet fully recovered and could be increased with more hands on revenue management.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$96 USD /SF

# OF ROOMS

59

PRICE/ROOM

$53,390 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn Story City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2003

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

C

APN/PARCEL ID

02-07-301-350

ASK ABOUT THIS PROPERTY

Hemal PatelSolaris HospitalityMore Info
515-428-6087

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Hemal PatelSolaris HospitalityMore Info
515-428-6087

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