Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal...

10
EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 [email protected] SVN | INTERWEST | 7501 BROADWAY EXTENSION, OKLAHOMA CITY, OK 73116-9015 OFFERING MEMORANDUM

Transcript of Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal...

Page 1: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN5010 W 6TH AVESTILLWATER, OK 74074

Zafar IqbalAssociate [email protected]

SVN | INTERWEST | 7501 BROADWAY EXTENSION, OKLAHOMA CITY, OK 73116-9015 OFFERING MEMORANDUM

Page 2: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

PROPERTY OVERVIEW

Located half mile from Oklahoma State University Campus, Boone Pickens Stadium and Gallagher Iba AreanaSteel and Masonry Construction27,066 SF gross area on a 2.09 acre site.High traffic area with quality surrounding retail, hospitality and restur

PROPERTY HIGHLIGHTS

OFFERING SUMMARY

Sale Price: $1,500,000

Building Size: 27,066 SF

Lot Size: 2.09 Acres

Price / SF: $55.42

Year Built: 1983

Zoning: Commercial

Market: Hospitality

Submarket: Motel

APN: 19N02E182SZ9990000264

Property Summary

Page 3: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

The property is located on State highway 51.Located half mile from Oklahoma State University Campus, Boone Pickens Stadium and Gallagher IbaAreanaSteel and Masonry Construction27,066 SF gross area on a 2.09 acre site.High traffic area with quality surrounding retail, hospitality and restaurants

PROPERTY OVERVIEW

Property Description

Page 4: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SALE HIGHLIGHTS

• Located half mile from Oklahoma State University Campus, Boone Pickens

Stadium and Gallagher Iba Arena.

• High traffic area with quality surrounding restaurants retail and hospitality.

• Former Day Inns

• Located on W 6th Ave The Property is priced at $1,500,000 or 21,126 price per

room. This represent 3.75 times multiplier on a revenue of 2019 room revenue.

The property is with average occupancy of 54.50%

INVESTMENT HIGHLIGHTS

INVESTMENTS HIGHLIGHTS• No PIP!

• The bed were replaced in 2014 with metal frame

• Carpet replaced last year

• The property is located one mile from the nation largest Student Union,

Heritage Hall Museum and National Wrestling Hall of Fame.

Complete Highlights

Page 5: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Regional Map

Page 6: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

Page 7: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Executive Inn

Aerial Map

Page 8: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1 MILE 5 MILES 10 MILES

Total population 2,830 37,583 61,720

Median age 31.8 26.3 26.9

Median age (male) 29.4 25.3 26.1

Median age (female) 35.0 27.7 27.7

Total households 1,081 13,753 23,565

Total persons per HH 2.6 2.7 2.6

Average HH income $83,773 $49,043 $47,619

Average house value $230,239 $202,545 $171,782

* Demographic data derived from 2010 US Census

Demographics Report

Page 9: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

EXECUTIVE INN | 5010 W 6TH AVE STILLWATER, OK 74074 SVN | InterWest | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 5 MILES 10 MILES

Total population 2,830 37,583 61,720

Median age 31.8 26.3 26.9

Median age (Male) 29.4 25.3 26.1

Median age (Female) 35.0 27.7 27.7

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 1,081 13,753 23,565

# of persons per HH 2.6 2.7 2.6

Average HH income $83,773 $49,043 $47,619

Average house value $230,239 $202,545 $171,782

* Demographic data derived from 2010 US Census

Demographics Map

Page 10: Sale Offering Memorandum (L)...EXECUTIVE INN 5010 W 6TH AVE STILLWATER, OK 74074 Zafar Iqbal Associate Advisor 405.546.9079 zafar.iqbal@svn.com SVN | INTERWEST | 7501 BROADWAY EXTENSION,

All SVN® Offices Independently Owned & Operated | 2020 All Right Reserved

7501 Broadway ExtensionOklahoma City, OK 73116-9015

405.546.9079https://www.svn.com