Over $85 RevPAR within Comp Set Kitchenettes EXCLUSIVE ...
[Pages:2]EEXXCCLLUUSSIIVVEEMHUOLSTPIIFTAAMLITLY OFFERING
STUDIO 6 MIDTOWN KANSAS CITY 3517 MAIN STREET KANSAS CITY, MO 64111
Price PIP Down Payment Loan Amount
Loan Type Interest Rate / Amortization Number of Rooms Price/Room Ownership Type Year Built Lot Size
OFFERING SUMMARY
$5,200,000 $0 20% / $1,040,000 $4,160,000 Proposed New 6.25% / 25 Years 52 $100,000 Fee Simple 1912/2018 0.5 acre(s)
CAP Rate Room Revenue Multiplier Occupancy ADR Rev PAR Room Revenue Total Expenses Net Operating Income Net Cash Flow After Debt Service Total Return
ASSET PERFORMANCE DATA
CURRENT 8.26% 3.99 72.00% $94.94 $68.36 $1,304,620 $805,758 $429,322 $100,015 16.48% / $171,342
YEAR 2 10.25% 3.74 73.00% $100.64 $73.47 $1,389,812 $781,588 $532,938 $203,631 26.44% / $274,958
INVESTMENT HIGHLIGHTS
? Located Directly on Main Street - Kansas City, MO - Near Many Restaurants & Bars
? Excellent Location Less than 2 Miles from Downtown & the Country Club Plaza
? KC Streetcar Main Street Extension - $1.5B+ Invested Along Existing Line since 2014
? Fully Renovated Historic Building ? Studios / 1 and 2 Bedroom Suites with Living Areas - All with
Kitchenettes ? Over $85 RevPAR within Comp Set
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ? 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540016 Property ID: 4822829)
STUDIO 6 MIDTOWN KANSAS CITY 3517 MAIN STREET KANSAS CITY, MO 64111
EEXXCCLLUUSSIIVVEEMHUOLSTPIIFTAAMLITLY OFFERING
MARKET COMPETITORS
HOTEL/MOTEL
ADDRESS
Fairfield Inn Kansas City Downtown Union Hill
3001 Main Street, Kansas City, MO 64108
Extended Stay America Kansas City Country Club Plaza
4535 Main Street, Kansas City, MO 64111
AC Hotels by Marriott Kansas City Westport
560 Westport Road, Kansas City, MO 64111
Best Western Plus Seville Plaza Hotel
4309 Main Street, Kansas City, MO 64111
816 Hotel
801 Westport Road, Kansas City, MO 64111
NUMBER OF ROOMS
OPEN DATE
115
04/2001
100
03/1998
123
06/1986
75
06/1985
107
02/1987
MILES TO SUBJECT
0.7
1.2
0.8 0.9 1.0
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ? 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0540016 Property ID: 4822829)
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.