Get Smart.
 
 
 
Back

Listing ID: 1569

No Listing Images

$3,500,000 CAD

HOSPITALITY

Hotel for sale

Sherwood Park, AB

Independent

$3,500,000 CAD

HOSPITALITY

Hotel for sale

Sherwood Park, AB

Independent

PROPERTY OVERVIEW
This property has 18,000 square feet of retail space, 10,700 square foot 30 room hotel, 2,000 square feet of office, 7
studio apartment suites, and 84 self-storage units for lease.
Solid investment property with good income and upside potential with licensing 84 storage units and modernization.
Great parking and excess land for future development.

PROPERTY HIGHLIGHTS
NOI 2018 $350,000
Cap Rate 11.86%
84 climate controlled storage units (Not included in NOI)
An excess lot of land for development or expansion.

Property Summary
Our timeless, yet cozy, modern rooms are favorites of guests looking for a relaxing stay just minutes from Edmonton's attractions and entertainment. Select from charming and classic rooms in the Landmark Building. All updated guestrooms feature Morinville Plaza's thoughtful touches and signature amenities to create a truly luxurious stay. Our warm and friendly manager will help make you feel at home.

Company Name

Morinville Plaza & Suites

Legal Body

Incorporated

Business Reg #

817881964

Established In

2013

Last Year of Completed Statements

2018

Gross Revenue

To Be Discussed

Annual Earnings

To Be Discussed

Land/Building Included

No

% of Business Selling

100%

Reason for Sale

Retirement

Financing Available

No

Buyer does not need to have experience owning & operating a business or franchise.

Buyer does not need specific industry experience.

BizON assumes no responsibility for the accuracy of any information shown.

More From Seller (0)