Super 8 North

3741 N Rock Rd, Wichita, KS

$3,900,000

Price

46,022 sqft

Building Size

1.76 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
46,022 sqft
Lot Area
1.76 acres
Keys
97
Year Built
1998
Floors
3
Description

The Bowman Post group of NewGen Advisory is pleased to present the 97-unit, interior corridor Super 8 in North Wichita, Kansas. The Super 8 is performing at an impressive increasing room revenue of $1,161,626 in 2022, and 1,226,134 in 2023. Conveniently located just 15 minutes from Downtown Wichita and 8 minutes from Wichita State University, the property enjoys strategic positioning. Investing in Wichita presents a wise decision, supported by its stable economy, affordable cost of living, strategic location, skilled workforce, and abundant prospects for expansion.

Broker of Record: Richard Queen | NewGen Advisory KS, LLC. | License No.: BR00232332

Wichita, Kansas, is strategically positioned as a key transportation hub in the heart of the United States. Its central location offers easy access to major highways, railways, and an international airport, facilitating seamless connectivity and efficient logistics for businesses. Additionally, Wichita boasts a diverse economy with a strong presence in industries like aerospace, manufacturing, healthcare, and agriculture, providing ample opportunities for employment and economic growth. The city's relatively low cost of living, coupled with affordable housing options, makes it an attractive destination for individuals and families seeking a high quality of life without sacrificing financial stability. Furthermore, Wichita offers a rich cultural scene, recreational amenities, and a close-knit community environment, fostering a sense of belonging and well-being among its residents. Overall, Wichita's advantageous location, economic vitality, and quality of life make it a desirable place to live, work, and thrive.

Highlights
  • 97 Units, Interior Corridor, 3 Stories
  • 13% Cap Rate Based on the Asking Price
  • Minimal Transfer PIP for New Owner
  • Priced to sell at $40,206 Per Key
  • Located 15 Minutes from downtown Wichita Kansas
Location
Gallery