EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY … · 2018-06-11 · Suites Kansas City North...
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EXCLUSIVE MULTIFAMILY OFFERING EXCLUSIVE HOSPITALITY OFFERING QUALITY INN & SUITES KANSAS CITY I-435 1051 N CAMBRIDGE ST KANSAS CITY, MO 64120 § 117 Room, Interior Corridor, Two-Story, Limited Service Hotel § 6.4 Miles East of Downtown Kansas City § Upside Potential Through Management and Reduced Payroll § Room Revenues Up Over 63% Since 2014 § Priced at 3 Times 2017 Gross Room Revenue § Under $42,500 Price Per Key INVESTMENT HIGHLIGHTS OFFERING SUMMARY Price $4,950,000 PIP $0 Down Payment 25.19% / $1,246,781 Loan Amount $3,712,500 Loan Type Proposed New Interest Rate / Amortization 5.75% / 25 Years Number of Rooms 117 Price/Room $42,308 Ownership Type Fee Simple Year Built 1987 Lot Size 5.61 acre(s) ASSET PERFORMANCE DATA CURRENT YEAR 1 CAP Rate 6.74% 10.38% Room Revenue Multiplier 3.03 2.90 Occupancy 66.00% 67.00% ADR $58.17 $59.92 Rev PAR $38.39 $40.15 Room Revenue $1,634,863 $1,709,450 Total Expenses $1,225,309 $1,116,381 Net Operating Income $333,490 $513,915 Net Cash Flow After Debt Service $53,223 $233,648 Total Return 9.77% / $121,810 24.24% / $302,235 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540010 Property ID: 4810234)
Transcript of EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY … · 2018-06-11 · Suites Kansas City North...
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY OFFERING
QUALITY INN & SUITES KANSAS CITY I-4351051 N CAMBRIDGE STKANSAS CITY, MO 64120
§ 117 Room, Interior Corridor, Two-Story, Limited Service Hotel
§ 6.4 Miles East of Downtown Kansas City
§ Upside Potential Through Management and Reduced Payroll
§ Room Revenues Up Over 63% Since 2014
§ Priced at 3 Times 2017 Gross Room Revenue
§ Under $42,500 Price Per Key
INVESTMENT HIGHLIGHTS
OFFERING SUMMARYPrice $4,950,000
PIP $0
Down Payment 25.19% / $1,246,781
Loan Amount $3,712,500
Loan Type Proposed New
Interest Rate / Amortization 5.75% / 25 Years
Number of Rooms 117
Price/Room $42,308
Ownership Type Fee Simple
Year Built 1987
Lot Size 5.61 acre(s)
ASSET PERFORMANCE DATA
CURRENT YEAR 1
CAP Rate 6.74% 10.38%
Room Revenue Multiplier 3.03 2.90
Occupancy 66.00% 67.00%
ADR $58.17 $59.92
Rev PAR $38.39 $40.15
Room Revenue $1,634,863 $1,709,450
Total Expenses $1,225,309 $1,116,381
Net Operating Income $333,490 $513,915
Net Cash Flow After Debt Service $53,223 $233,648
Total Return 9.77% / $121,810 24.24% / $302,235
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540010 Property ID: 4810234)
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE HOSPITALITY OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
QUALITY INN & SUITES KANSAS CITY I-4351051 N CAMBRIDGE STKANSAS CITY, MO 64120
MARKET COMPETITORS
HOTEL/MOTEL ADDRESSNUMBER OF
ROOMSOPEN DATE
MILES TO SUBJECT
La Quinta Inns & Suites Kansas City North
2214 Taney St,North Kansas City, MO 64116
96 01/1991 3.4
Best Western Country Inn North
2633 NE 43rd St,Kansas City, MO 64117
44 05/1987 4.0
Super 8 Kansas City Worlds of Fun
4321 N Corrington Ave,Kansas City, MO 64117
68 09/1996 3.2
Comfort Inn & Suites Kansas City Northeast
7300 NE Parvin Rd,Kansas City, MO 64117
86 10/1999 2.9
Fairfield Inn & Suites Kansas City Near Worlds of Fun
4231 N Corrington Ave,Kansas City, MO 64117
70 09/1999 2.9
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540010 Property ID: 4810234)
