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Browse More Listings in Hotel & Motel For Sale, Morrow, GA or Georgia

Hotel / Motel For Sale

COMFORT SUITES

1444 Southlake Plaza Dr, Morrow, GA 30260

Price:
$6,000,000
Building Size:
59,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Auction:
Yes
Cap Rate:
8.13%
Year Built:
2007
Lot Size:
2 AC
Find Out More...

Last Verified 11/25/2009 Listing ID 16296446

Highlights

Newest hotel in the area
Brick building Built in 2007
Current CAP 8.13%

Only $80,000 per key
Located in highly desirable area.

Description

Butt in 2007, open early June 2007 this hotel is the only newer hotel in the area where most of hotels are over 12 years old. Banquet facilities regularly used by area police department for training the force.

Just off the Interstate 75 near the South Lake Mall. Close to Atlanta Airport. Located in the center of the commercial corridor in south of Atlanta

Financial Summary

Actual
Effective Gross Income
$1,027,719
Net Operating Income
$487,819
Pre-Tax Cash Flow
$487,819

Map of 1444 Southlake Plaza Dr, Morrow, GA 30260

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Presented by

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Contact Listing Broker

Jenny Wesselmann (678) 682-3224

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Created 6/27/2009

Additional Information for 1444 Southlake Plaza Drive, Morrow, GA 30260

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - COMFORT SUITES

1444 Southlake Plaza Dr, Morrow, GA, 30260