$2,100,000 USD
805-866-0486
522 E Coliseum Blvd
Fort Wayne, IN 46805
North Fort Wayne
HIGHLIGHTS
- 43 Units: 3 story Interior Corridor
- Offered at $48,837 / Key, 3.5x RRM
- Trailing Twelve Month Revenue: $603,700; 69% YOY Improvement
- Strategic Location: Close Proximity to Purdue University-Fort Wayne, Memorial Coliseum Event Center, and Interstate 69
- Upside Potential: Group Contracts & Extended Stay
- Fort Wayne Market has increased 9.8% in RevPAR Year over Year
FOR SALE DETAILS
PRICE
$2,100,000 USD
PRICE/SF
$132 USD /SF
# OF ROOMS
43
PRICE/ROOM
$48,837 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Magnuson Hotel Fort Wayne North
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1988
PARKING SPACES
61
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
33,977 SF
ZONING
C
APN/PARCEL ID
02-07-25-101-011.000-073
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805-866-0486
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805-866-0486
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