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FairBridge Inn Express Tukwila - Seattle, WA

Market Price

13050 48th Avenue South, Seattle, WA 98168

Active
Last Updated: 07/02/2026

9.06

Cap Rate

181,274

NOI

Details:
Cap Rate:    9.06%
NOI:    $181,274
Building Size:    36,116 sqft
Lot Area:    2.45 acres
Keys:    120
ADR:    $90
Year Built:    1980
Price Per Unit:    $16,667
Management:    Unencumbered
Floors:    2
Parking Spots:    97
Year Last Renovated:    2013
Construction Status:    Existing
Floor:    2
Investment Strategy:    Value Add
Highlights:
  • Midscale | Select-Service | 120 Keys
  • $16,667 Per Key | 9.06% Cap Rate (Proforma) | 1.6x Gross Revenue
  • Seller Financing Available On Principal Of Loan Only
  • Located In A Qualified Opportunity Zone | Leased Land (Term Ends 2039)
  • Close To Seattle-Tacoma International Airport / Prime Airport Submarket Position
  • Upside For Experienced Owner In Seattle Submarket
  • Proximity To Distribution Centers & Infrastructure Projects
  • Unencumbered by Franchise or Management
  • Opportunity To Reposition, Rebrand, Or Alternative Reuse
Description:

CIP Exclusive - PRICE REDUCED & 1.6x Gross Revenue
Seattle Submarket Hotel In Opportunity Zone with Seller Financing Available

Property tours are available by appointment only—please contact the broker to schedule.

The FairBridge Inn Express Tukwila is a 120-key, midscale, select-service hotel located on ~2.45 acres of leased land just 3 miles from Seattle-Tacoma International Airport. The property is comprised of 2 buildings totaling over 36,000 square feet and features an outdoor seasonal pool and hot tub. Guest room mix include Queen Singles, Queen Doubles, King Singles, and King Deluxe rooms. Hotel amenities include Grab N’ Go breakfast, an airport shuttle to SEA-TAC, and ample guest parking. The hotel is unencumbered by brand or management agreements, offering flexibility for repositioning.

Strategically positioned off Interstate 5 and near the I-405 exchange, the property benefits from steady demand generated by the airport, nearby distribution centers, and regional business activity. This asset presents a value-add opportunity for experienced operators to modernize and rebrand in a high-demand submarket of the Seattle metro. Current operations are under-optimized, offering upside through active ownership, staffing efficiencies, and professional management. The flexible franchise agreement may be terminated with 30 days’ notice, creating options to reduce brand-related costs. A proactive operator can further drive performance by pursuing airline crew contracts, group bookings, and event-driven demand. Strong transportation access and proximity to major employers support sustained commercial and transient traffic.

LOCATION:
Tukwila is a strategically located Seattle suburb just 3 miles from Seattle-Tacoma International Airport (SEA-TAC), which is expected to serve ~53.5 million passengers annually (2025). Known for its strong industrial and logistics presence, Tukwila is home to major employers and distribution hubs, including Boeing, Alaska Airlines, Costco, REI, and the regional UPS and FedEx networks. The city draws consistent demand from airline crews, logistics professionals, and business travelers visiting nearby warehouses, corporate campuses, and commercial parks. With immediate access to I-5, I-405, and SR-518, plus Link light rail service to downtown Seattle and the airport, Tukwila offers reliable connectivity for both short-term stays and regional travel.

IMPORTANT:
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Please Note: Buyer's Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.

Images Courtesy of CoStar & Crexi

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