Quality Inn & Suites Albuquerque

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30418008
Property Subtypes: Hotel
Status: Pending
Number of Units: 104 Units
Building Size (RSF): 43,342 SF
Gross Building Area: See Agent
Gross Land Area: 1.75 Acres
Sale Price: $4,290,000
Unit Price: $41,250 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.08%
Last Updated: 4/6/2020

Overview / Comments

- 104-Room, Interior/Exterior Corridor, Three-Story Hotel Built in 1996
- Less than 10 Miles from the Albuquerque International Sunport & UNM
- Offered at 2.9 RRM, Priced Below Replacement Cost at $41,250 Per Key
- Well Positioned with Excellent Visibility from Interstate 40
- Extensively Renovated
- Absentee Ownership, Operational Upside for Prospective Hands-On Owner-Operator Invest

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: 101105902504032402

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,109 108,938 229,479
Median Age: 33.47 33.88 33.79
Households: 7,087 40,666 84,223


Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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