FairBridge Inn Express Tukwila
$4,500,000
13050 48th Avenue South, Seattle, WA 98168
12.59
Cap Rate
566,612
NOI
Details:
Highlights:
- Midscale | Select-Service | 120 Keys
- 12.59% Cap Rate, 26.69% ROI, & 1.68 GRM
- ~3 miles to SEA-TAC Int'l Airport
- Upside For Experienced Owner
- Proximity To Distribution Centers
- Unencumbered by Franchise or Management
- Leased Land / Located In An Opportunity Zone
- Opportunity To Reposition
Description:
Seattle Submarket Hotel Near Seattle-Tacoma International Airport
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 31,000 square feet and features an outdoor seasonal pool and hot tub. Guest room mix includes 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. Located in an Opportunity Zone.
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.
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.
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!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.
Documents:
| Title | ||
|---|---|---|
| FairBridge_Inn_Express_Tukwila_Flyer.pdf | ||
|
Offering Memorandum & Financials
|
Location
Gallery