Motel 6

1731 Premier Drive Mankato, MN

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Sale Price: Reduced: $4,400,000

Building Size: 9,553 sq. ft.

Total Available Space: 9,553 sq. ft.

Suite Size: 9,553 Sq. Ft.

Property Type: Hospitality

Year Built: 2017

Property Description

Property Features

  • 66-room hotel
  • Building size: 9,553 sq. ft.
  • Lot size: 2.3 acres
  • Annual occupancy: 58.32%
  • ADR: $69.97
  • Year built: 2017
  • Zoning: Commercial
  • Projected 2019 revenue: $925,000
  • Awards:
    • 2018 "Best New Construction Design"
    • 2019 Highest Guest Satisfaction Score for all Motel 6: 9.3
    • Highest guest review scores in the country!
    • 2019 "Guest Experience Award"

Pricing

  • List price: $4,400,000 ($66,666.66/ key)
  • 2018 Real Estate Taxes: $53,542
  • Financials available upon request
  • All showings must be set up by the broker

Location

  • Located in Mankato, MN, home to Minnesota State University - Mankato
  • Metro population: 64,026
  • Area neighbors include: Paw Pet Resort, Menards, Home Depot, Kwik Trip, Discount Tire, Fleet Farm

Brokers

Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile