8405 E 102nd St S - Hospitality FOR SALE


Tulsa, OK 74133- South Tulsa
$7,600,000 USD
916-390-4240
8405 E 102nd St S, Tulsa, OK for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

8405 E 102nd St S
Tulsa, OK 74133
South Tulsa


HIGHLIGHTS

  • Formula Blue v2 $1.6M renovation completed in August 24'; No Transfer PIP
  • Revenue up 60% since Renovation Completion
  • $1.6M T12 (April 24' - March 25')
  • April revenue is already tracking 65% higher year-over-year.

OVERVIEW

Here are the Facts of the Deal: *Formula Blue v2 $1.6M renovation completed in August 24' *Revenue up 60% since Renovation Completion *$1.6M T12 (April 24' - March 25') *To round out a Post Renovation T12, the property has 5 of the strongest revenue months of the year coming up. *April revenue is already tracking 65% higher year-over-year. More Data...Post-renovation performance is surging: +43% YOY Revenue growth from Sept–Dec 2024 +87% YOY Revenue growth in January 2025 +117% YOY Revenue growth in February 2025 +83% YOY Revenue growth in March 2025 +65% YOY Revenue growth thus far in April 2025 April 24’ to March 25’ T12 is 15% above the 2024 Room Revenue - To round out a Post Renovation T12, the property has 5 of the strongest revenue months of the year coming up which should push the Revenue to 1.9-2.0M. For info on the property go to https://www.hotelinnvestments.com/offering-memorandum-holiday-inn-express-suites

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$137 USD /SF

# OF ROOMS

92

PRICE/ROOM

$82,609 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HIE Revenue up 40% since renovation

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2011

PARKING SPACES

88

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

CS

APN/PARCEL ID

58287-83-25-67720

ASK ABOUT THIS PROPERTY

Dan HaywardKW CommercialMore Info
916-390-4240

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Dan HaywardKW CommercialMore Info
916-390-4240

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