Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 95-unit, Candlewood Suites Jacksonville, located in North Carolina. The subject property is ideally located on 1.74 acres of land and features 4 floors of well-maintained guest suites. Guest suites include free Wi-Fi, flat screen TV, desk with chair, private bathroom, and a full kitchen that is equipped with a refrigerator, microwave, dishwasher, stove, pots, pans, silverware, plates, and a dining table with chairs. Common area amenities include free parking, a fitness center, outdoor barbeque area with seating, business center, on-site laundry facility, same-day dry cleaning services, and a 24-hour front desk. The Candlewood is centrally located off U.S. Highway-17, providing visitors to the hotel direct access to all major attractions within Jacksonville as well as major cities as far south as Orlando, Florida and as far north as Winchester, Virginia. Additionally, the hotel is less than 5 miles to U.S. Route 258, a major north-south thoroughfare running adjacent to North Carolina's coast. The hotel is located less than 2 miles from the Jacksonville Mall, the largest shopping mall in Onslow County and Coastal Carolina Community College, which currently enrolls nearly 5,000 students. The hotel is within close- proximity to Onslow Memorial Hospital, Brynn Marr Hospital and Naval Hospital Camp Lejeune. Additionally, the Candlewood Suites is a short drive to Hammocks Beach State Park, a North Carolina State Park situated on Bear Island, a three-mile long, undeveloped barrier island. The subject property is approximately 5 miles from the main entrance of Marine Corps Base Camp Lejeune, a 156,000-acre training facility. More than 170,00 military personnel, family, retired military, and civilian employees make up Camp Lejeune and surrounding area population. The base generates almost $3 billion in commerce each year. The location between two North Carolina deep-water ports, Wilmington and Morehead City, allows for fast deployments. The Albert J. Ellis Airport is less than 20 miles from the subject property and offers nationwide flights from American Airlines and Delta.