6085 Apple Tree Dr | Memphis, TN 38115
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- LoopNet Team
6085 Apple Tree Dr
Memphis, TN 38115
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 | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built | 1990 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.44/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.35 AC | Parcel Number | 09-3200-0-0393 |
| Building Size | 21,200 SF | ||
| Zoning | OG | ||
| 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 |
| Parcel Number | 09-3200-0-0393 |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
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