713-577-1760
750 S John Ben Shepperd Pky, Odessa, TX for Sale
Hospitality - FOR SALE
1/2
null | Request Cap Rate

750 S John Ben Shepperd Pky
Odessa, TX 79761


HIGHLIGHTS

  • For the 2024 Year-end period, the Candlewood Suites posted approximately $2.5 million in total revenues and achieved a NOI margin of 36.3%.
  • There is a vacant lot adjacent to the Candlewood Suites that will be included in this offering. Please ask broker for more details.
  • The property is strategically located at the intersection of John Ben Shepperd Pkwy and I-20, offering easy access to the region’s oil and gas fields.

OVERVIEW

CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Candlewood Suites in Odessa, Texas. The property is ideally situated at the intersection of John Ben Shepperd Parkway and Interstate 20, just minutes away from Medical Center Hospital, Music City Mall, and numerous restaurants and recreational areas. Thanks to this prime location, the 83-room hotel receives business from a diverse population of both corporate and leisure travelers in Odessa-Midland area.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

83

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Odessa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,944 SF

ZONING

C-3

APN/PARCEL ID

23650-00010-90000,23650-00010-91000

ASK ABOUT THIS PROPERTY

Michael YuCBRE, Inc.More Info
713-577-1760

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

Michael YuCBRE, Inc.More Info
713-577-1760

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