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6085 Apple Tree Dr
ESA Apple Tree Memphis TN · Hospitality Property For Sale
·
21,200 SF
INVESTMENT HIGHLIGHTS
Fee-simple interest in the corporate-owned and corporate-managed 72-room Extended Stay America (ESA) Memphis Apple Tree.
Ability to purchase any combination of the 20 assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
Tours Available July 12 & 13. Available for individual sale as part of a larger 20-property portfolio in the July 26th and July 27th auction events.
Strong in-place performance with trailing-24-month year-over-year average ADR gains of +31%.
Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
2.35 AC
Building Size
21,200 SF
No. Stories
3
Year Built
1990
Tenancy
Single
Parking Ratio
3.44/1,000 SF
Corridor
Interior
Zoning
OG
AMENITIES
Business Center Fitness Center
High Speed Internet Access Public Access Wifi
PROPERTY TAXES
Parcel Number
09-3200-0-0393
Improvements Assessment
$452,800
Land Assessment
$153,200
Total Assessment
$606,000
