646-425-5632
450 Center Dr, Grand Rapids, MI for Sale
Hospitality - FOR SALE
1/25
null | Request Cap Rate

450 Center Dr
Grand Rapids, MI 49544
North Grand Rapids


HIGHLIGHTS

  • Fee simple interest in the 76-room SpringHill Suites Grand Rapids North.
  • The asset will be available for purchase in the May 7th auction event via Ten-X.
  • Offered as part of a five-property portfolio, with all properties being sold individually.
  • Property offered unencumbered by management and debt and at a significant discount to replacement cost.
  • Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
  • Adjacent to the heavily trafficked US Highway 131 and Interstate 96 intersection with upwards of 98,000 vehicles passing the location daily.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

76

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SpringHill Suites Grand Rapids North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

Commercial

APN/PARCEL ID

41-13-01-327-001

ASK ABOUT THIS PROPERTY

Joseph CuomoAlchemy Real Estate Advisors, LLCMore Info
646-425-5632

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Joseph CuomoAlchemy Real Estate Advisors, LLCMore Info
646-425-5632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.