205 Commercial Drive

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205 Commercial Drive

Forest City, NC 28043
Asking Price
$4.40M
Asset Type
Self-storage
Class
Class B

What's Special

65-Key NC Hotel | $1.2M Revenue | Value-Add Opportunity <h2>INVESTMENT HIGHLIGHTS</h2><ul><li>​~$1.2M in annual revenue providing immediate in-place cash flow</li><li>​65-key asset offering operational efficiency and manageable scale</li><li>​Strong revenue per key relative to similar tertiary markets</li><li>​Opportunity to improve ADR through light renovations and repositioning</li><li>​Potential to increase RevPAR with improved revenue management systems</li><li>​Underserved local market with limited competitive supply</li><li>​Located along a com

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NOI
$80,000
Cap Rate
1.82%
DSCR
0.31
Underwater
Cash-on-Cash
-13.73%
Monthly Payment
$21,768.799
Annual Cash Flow
$-181,225.591

Location & Travel Times