Excellent Cap Rate 8% of return.
Client is offering "Tenants In Common" Client can be utilized in a 1031 exchanges etc. and you will receive a 8% Cap Rate.
or just buy it out right.
There is a Master Leasee who is restoring, renovating and managing the operations.
The Master Leasee has the option of paying off the Tenants in Common at a preset value
of the fractinalized interest and an option consideration payment at Market Value not to exceed (2%) percent of their investment per year.
This is offered to those of substantial financial means who have no need for liquidity in this investment. You may buy more or sell your interest at anytime.
Minimum buy in is $375,000.
Depiction:[u]
The Hotel is located in a major city, 1/2 mile from a major Airport, 2 blocks away from the Sports Arena and Concert Arena. Very visible from highway in four directions.
Client is currently, constantly updating and adding ambience.
Hotel is featured among several major Hotels....The Hilton, 2 Holiday Inn Express and some smaller well known hotels and motels, including Quality Inn, Fairfield Inn, La Quinta and of course Motel 6.
Plenty of restaurants and shopping. A Very active and energetic area.
Appraisal availability. Appraised at $24 million.
Respond for a Confidentiality Agreement. or email me your own
