Super 8 by Wyndham

1223 Omaha Avenue Norfolk, NE

View Spec as PDF

Sale Price: $2,350,000

Building Size: 22,948 sq. ft.

Total Available Space: 22,948 sq. ft.

Suite Size: 22,948 sq. ft.

Property Type: Hospitality

Year Built: 1977

Property Description

Property Features

  • 66 room hotel - including 2 rooms converted to apartments
  • Building size: 22,948 sq. ft.
  • Lot size: 2.06 acres (561’ x 160’)
  • 65.73% annual occupancy
  • ADR $59.33
  • Year built: 1977
  • 66 surface parking spots
  • All showings must be set up by broker

Pricing

  • List price: $2,350,000 ($35,606.06/ key)
  • Price includes FF&E
  • 2019 Real Estate Taxes: $20,009
  • 2019 revenue: $863,588
  • Wyndham contract expires 2034
  • 12% cap rate
  • Financials available upon request

Location

  • Located just off Highway 81 in Norfolk, NE - hometown of Johnny Carson
  • Population: 23,000
  • Area neighbors include: Perkins, Bomgaars, Country Inn & Suites

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