Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

915 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Red Roof PLUS+ Columbus–Ohio State University 441 Ackerman Rd 115 Room Hotel Columbus, OH 43202 $2,750,000 ($23,913/Room) 5% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

High-Profile Hotel Ground Lease For Sale
Base Term Through 2049
5-Year Options Through 2079

$3M Renovation by Red Roof Underway
10% Rental Increases Every 5 Years
1% to Cooperating Broker

Executive Summary

This high-profile hotel ground lease offers a strong long-term investment with a base term running through 2049 and five-year extension options available through 2079. The Red Roof property is currently undergoing a $3 million renovation and includes 113 total rooms situated on 2.81 acres. The lease features 10% rental increases every five years and benefits from its close proximity to The Ohio State University.

441 Ackerman Rd- Sale Flyer

Property Facts

Price	$2,750,000	Building Size	34,848 SF
Price Per Room	$23,913	No. Rooms	115
Sale Type	Investment	No. Stories	3
Cap Rate	5%	Year Built/Renovated	1984/2014
Sale Conditions	Ground Lease (Leasehold) Ground Lease (Leased Fee)	Tenancy	Single
Property Type	Hospitality	Parking Ratio	3.47/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.83 AC
Zoning	CAC - Hospitality

Price	$2,750,000
Price Per Room	$23,913
Sale Type	Investment
Cap Rate	5%
Sale Conditions	Ground Lease (Leasehold) Ground Lease (Leased Fee)
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.83 AC
Building Size	34,848 SF
No. Rooms	115
No. Stories	3
Year Built/Renovated	1984/2014
Tenancy	Single
Parking Ratio	3.47/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CAC - Hospitality