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Hotel-Motel

Suburban Studios Florence

1914 W Lucas St, Florence, SC 29501

Listing Price: $4,850,000

Cap Rate
7.73%
Number of Rooms
119
RevPAR
$35
Price/Room
$40,756
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 119-unit Suburban Studios located in Florence, South Carolina.

Investment Highlights

  • Fee simple interest in the 119-unit Suburban Studios in Florence, South Carolina
  • Strong hospitality market ideally positioned at the midway point between Miami & New York City serving as a key stopover city
  • Florence is currently undergoing major commercial developments presenting it as a prime investment opportunity
  • Just three miles to downtown Florence, known for its historic preservation, restaurants, retail and the annual SC Pecan & Music Festival attracting over 50,000 attendees each year

Exclusively Listed By

  • Jack Davis

    Senior Vice President Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Joce Messinger

    First Vice President Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Financing By

Hotel-Motel

Suburban Studios Florence

Listing Price: $4,850,000

Cap Rate
7.73%
Number of Rooms
119
RevPAR
$35
Price/Room
$40,756
Year Built
1982

Investment Highlights

  • Fee simple interest in the 119-unit Suburban Studios in Florence, South Carolina
  • Strong hospitality market ideally positioned at the midway point between Miami & New York City serving as a key stopover city
  • Florence is currently undergoing major commercial developments presenting it as a prime investment opportunity
  • Just three miles to downtown Florence, known for its historic preservation, restaurants, retail and the annual SC Pecan & Music Festival attracting over 50,000 attendees each year

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 119-unit Suburban Studios located in Florence, South Carolina.

Exclusively Listed By

  • Jack Davis

    Senior Vice President Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Joce Messinger

    First Vice President Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Financing By

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