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Hotel-Motel

Microtel Inn & Suites

1520 Barbara Dr, Columbia, SC 29223

Listing Price: $4,200,000

Cap Rate
10.50%
Number of Rooms
49
RevPAR
$64
Price/Room
$85,714
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 49-unit Microtel Inn & Suites located in Columbia, South Carolina. The subject property is offered in a thriving investment market with military, the University of South Carolina, and strong public sector presence all within proximity.

Investment Highlights

  • Fee simple interest in the 49-unit Microtel Inn & Suites located in Columbia, SC
  • Major military market, Fort Jackson just 5.5 miles away, U.S. Army's main center for Basic Combat Training (trains over 50% of all Soldiers)
  • Less than 5 miles to the University of South Carolina boasting an enrollment of 35,000 students and home to the Gamecocks, D1 athletic program participating in the Southeastern Conference
  • High traffic commercial corridor, near Interstate-77 and Interstate-20
  • Prisma Health Richland Hospital (7.6 mi) is one of the largest hospitals in the state and is affiliated with USC as a training hospital
  • Columbia boasts several major corporations such as BlueCross BlueShield of South Carolina, Dominion Energy, and global manufacturing firms

Exclusively Listed By

Financing By

Hotel-Motel

Microtel Inn & Suites

Listing Price: $4,200,000

Cap Rate
10.50%
Number of Rooms
49
RevPAR
$64
Price/Room
$85,714
Year Built
1997

Investment Highlights

  • Fee simple interest in the 49-unit Microtel Inn & Suites located in Columbia, SC
  • Major military market, Fort Jackson just 5.5 miles away, U.S. Army's main center for Basic Combat Training (trains over 50% of all Soldiers)
  • Less than 5 miles to the University of South Carolina boasting an enrollment of 35,000 students and home to the Gamecocks, D1 athletic program participating in the Southeastern Conference
  • High traffic commercial corridor, near Interstate-77 and Interstate-20
  • Prisma Health Richland Hospital (7.6 mi) is one of the largest hospitals in the state and is affiliated with USC as a training hospital
  • Columbia boasts several major corporations such as BlueCross BlueShield of South Carolina, Dominion Energy, and global manufacturing firms

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 49-unit Microtel Inn & Suites located in Columbia, South Carolina. The subject property is offered in a thriving investment market with military, the University of South Carolina, and strong public sector presence all within proximity.

Exclusively Listed By

Financing By

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