1012 NE 1st Pl | Andrews, TX 79714
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1012 NE 1st Pl
Andrews, TX 79714
La Quinta Inn & Suites by Wyndham Andrews · Hospitality Property For Sale
·
33,000 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2015 |
| Building Class | B | Parking Ratio | 2.73/1,000 SF |
| Lot Size | 1.80 AC | Corridor | Interior |
| Building Size | 33,000 SF | ||
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.80 AC |
| Building Size | 33,000 SF |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 2.73/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 1012 NE 1ST PL , ANDREWS, TX 79714
TTM Room Revenue the end of Jan 2018 is over $1.7M. ADR and Occupancy is going up every month. This property went thru the ramp up period low Zero cash flow and is now experiencing a very nice cash flow each month. Cap rate continues to rise each month as for example. Jan 2017 room revenue of $71,000 compared to Jan 2018 room revenue of $170,000. Feb 2018 Room Revenue is $175,000 compared to $83,466 for Feb. 2017. Projected Room revenue for 2018 of $2,500,000.
PROPERTY TAXES
| Parcel Number | 04351-00030-0000 | Improvements Assessment | $3,214,800 |
| Land Assessment | $135,200 | Total Assessment | $3,350,000 |
PROPERTY TAXES
Parcel Number
04351-00030-0000
Land Assessment
$135,200
Improvements Assessment
$3,214,800
Total Assessment
$3,350,000
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