6085 Apple Tree Dr - Hospitality FOR SALE
Memphis, TN 38115 |
6085 Apple Tree Dr
Memphis, TN 38115
HIGHLIGHTS
- Fee-simple interest in the corporate-owned and corporate-managed 72-room Extended Stay America (ESA) Memphis Apple Tree.
- Tours Available July 12 & 13. Available for individual sale as part of a larger 20-property portfolio in the July 26th and July 27th auction events.
- Ability to purchase any combination of the 20 assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
- Strong in-place performance with trailing-24-month year-over-year average ADR gains of +31%.
- Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
- Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
ESA Apple Tree Memphis TN
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
21200
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1990
PARKING SPACES
73
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
OG
APN/PARCEL ID
09-3200-0-0393
