9740 Commerce Center Ct - Hospitality FOR SALE


Fort Myers, FL 33908
$13,500,000 USD
786-772-0718
9740 Commerce Center Ct, Fort Myers, FL for Sale
$13,500,000 USD
Hospitality - FOR SALE
1/47
null | Request Cap Rate

9740 Commerce Center Ct
Fort Myers, FL 33908


HIGHLIGHTS

  • 2022 Room Revenue of $3,603,637
  • 2023 Room Revenue of $3,161,961
  • 120-Rooms - Interior Corridor - Extended Stay
  • Recently Renovated - Over $1M in Renovations - First Floor Updated
  • New Roof Installed in 2023

OVERVIEW

Kabani Hotel Group, as an exclusive representative of the seller, is pleased to present for sale the Candlewood Suites Fort Myers. The subject property is a 120-room interior corridor hotel, built in 2009, with a lot size of 2.55 acres. This property features an outdoor pool, fitness center, 24 hour market, a banquet space, conference room, laundry facilities and outdoor parking spaces. It is strategically positioned off Summerlin Road (36,500 AADT) & Bass Rd (13,900 AADT). Major demand generators include Fort Myers Beach, Southwest Florida International Airport, Sanibel Island, and Florida Gulf Coast University PROPERTY HIGHLIGHTS 120-Rooms - Interior Corridor - Extended Stay Recently Renovated - Over $1M in Renovations - First Floor Updated New Roof Installed in 2023 Situated On 2.55 +/- Acres Year Built - 2009 - Concrete Building Amenities Include: Outdoor Pool, Fitness Center, 24-Market, Business Center, Meeting Room, Laundry Facilities and Outdoor Parking Spaces Located off Summerlin Road (36,500 AADT) & Bass Rd (13,900 AADT). FINANCIAL HIGHLIGHTS 2022 Room Revenue of $3,603,637 2023 Room Revenue of $3,161,961 2022 ADR / Occupancy / RevPAR of $117.52 / 69.8% / $82.01 2023 ADR / Occupancy / RevPAR of $117.40 / 61.2% / $71.82 LOCATION HIGHLIGHTS 3.6 Miles to Lakes Park 6.4 Miles to Fort Myers 6.1 Miles to Gulf Coast Medical Center 8.4 Miles to Six Mile Cypress Slough Preserve 14.2 Miles to Southwest Florida International Airport 14.3 Miles to Florida Gulf Coast University

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$395 USD /SF

# OF ROOMS

120

PRICE/ROOM

$112,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Fort Myers-Sanibel Gateway

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

132

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

CPD

APN/PARCEL ID

04-46-24-07-00000.00D0

ASK ABOUT THIS PROPERTY

Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

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Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

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