Motel For Sale
Location: 2111 West Street South
Grinnell, IA
   
Price: $1,750,000
Rooms: 54
  
Occupancy: 60%
Average Daily Rate: $48
Income: $586,791
Expenses: $338,328
NOI: $248,463
  
Gross Multiplier: 2.98
Price / Room: $32,407
Cap Rate: 14.20%
   

Description: 

   

Dave Ward
Skogman Commercial Group
Office:
Mobile:		 319-362-4373 ext. 129
319-551-4400

The Lodging Team!
All information furnished regarding this property is obtained from sources deemed in our opinion to be reliable but not guaranteed.
This information is also subject to change or withdrawal at any time without notice.