Marcus & Millichap Sells Best Interstate Inn Wheat Ridge Hotel For $5.5M
4735 Kipling Street Wheat Ridge Colorado 80033, USA
$5,500,000
Building Size
—
Asset Type
Hotel
Closing
May 25, 2023
About this deal
AI
The Best Interstate Inn Wheat Ridge, located at 4735 Kipling Street in Wheat Ridge, Colorado, has been sold for a price of $5,500,000. This hotel property, represented by broker Christy McDougall from Marcus & Millichap, features 100 keys and a price per key of $55,000.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $5,500,000
- Address: 4735 Kipling Street (Best Interstate Inn Wheat Ridge)
- Market: Wheat Ridge, CO
- Broker: Christy McDougall - Marcus & Millichap
- Keys: 100
- Price Per Key: $55,000
This transaction showcases the successful sale of the Best Interstate Inn Wheat Ridge in Wheat Ridge, Colorado. The deal was facilitated by broker Christy McDougall from Marcus & Millichap. The sale price of $5,500,000 for this hotel property with 100 keys highlights the value of the investment. The property's location at 4735 Kipling Street in Wheat Ridge makes it an attractive asset in this market.
On the Map
$5,500,000
Hotel
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Wheat Ridge Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93