THIS JACKSONVILLE, FLORIDA 108 KEY QUALITY INN IS IN A LOCATION, LOCATION PART OF JACKSONVILLE. THE GORGEOUS BEACH AND OCEAN.
PURCHASE PRICE PER SELLER OF $15,700,000 PLUS THE BUYER PAID 4% REAL ESTATE COMMISSION.
Hotel with HUGE UPSIDE | Closest Hotel to Atlantic Beach | Profitable Bar with Full Liquor License
Property Flyer Detail
Purchase Price: $15,700,000 (off market)
Property Type: Hospitality
Subtype Hotel Investment
Type Value Add
Brand/Tenant Quality Inn, Outback Pub
Square Footage: 40,000
Price/Sq Ft: $345
Cap Rate: 7.5%
Pro-Forma Cap Rate: 12.65%
NOI $1,179,282
Pro-forma NOI $1,745,322
Keys 108
Year Built: 1986
Year Renovated: 2019
Stories 3
Permitted Zoning ACG
Lot Size (acres): 2.46
Price/Acre (Land value): $5,750,000/acre
APN 169398-0300
Price/Key $145,370
Ownership Fee-Simple
Sale Condition: 1031 exchange
AWESOME LOCATION OF A WELL RUN QUALITY IN EXTREME EASTERN JACKSONVILLE, FLORIDA. THIS FRANCISED 108-KEY HOTEL THAT WAS RENOVATED IN 2019 AND FANCIES AN ACTUAL LOI NEAR $1,200,000 AND A CURRENT CAP RATE OF 7.5% AND THAT IS LEAVING MONEY ON THE TABLE. THE PROFORMA NOI IS EXPECTED TO exceed 11%
LOCATION IS SPECTACULAR AT THE BEACH, THE JACKSONVILLE BEACHES CONSIDERED SOME OF BEST BEACHES IN FLORIDA IS VERY CLOSE BY AS WELL AS THE MAYPORT NAVAL STATION, THE TOURNAMENT PLAYERS CLUB KNOWN AS THE TPC, A RESORT GOLF MECCA AND THE HOME OF THE PGA TOUR'S PLAYERS CHAMPIONSHIP. THERE ARE AN ARRAY OF OTHER GOLF COURSES, RESTAURANTS, AND SHOPPING OF ABOUT ANY STORE AND RESTAUANT YOU DESIRE.
THIS HOTEL IS THE CLOSEST to the beach and the ocean. THIS 3-STORY QUALITY INN ECOMPASSES 40,000 SQUARE FEET ON 2.5 ACRES.
Property facilities:
Bathroom
Toilet paper
Towels
Bathtub or shower
Private Bathroom
Toilet
Free toiletries
Hairdryer
Bathtub
Shower
Bedroom
Wardrobe or closet
Extra-long beds (> 6.5 ft)
Kitchen
Microwave
Refrigerator
Kitchenette
Room Amenities
Socket near the bed
Pets
Pets are allowed. Charges may apply.
Activities
Happy hour
Additional charge
Darts
Additional charge
Pool table
Additional charge
Golf course (within 2 miles)
Additional charge
Living Area
Sitting area
Desk
Media & Technology
Flat-screen TV
Satellite channels
Telephone
Food & Drink
Wine/Champagne
Additional charge
Bar
Tea/Coffee maker
Internet
WiFi is available in all areas and is free of charge.
Parking
Free private parking is available on site (reservation is not needed).
Accessible parking
Services
Daily housekeeping
ATM on site
Business center
Wake-up service/Alarm clock
24-hour front desk
Safety & security
Fire extinguishers
CCTV outside property
CCTV in common areas
Smoke alarms
Key card access
Safe
General
Convenience store on site
Air conditioning
Smoke-free property
Hardwood or parquet floors
Heating
Laptop safe
Elevator
Facilities for disabled guests
Non-smoking rooms
Iron
Accessibility
Wheelchair accessible
Outdoor swimming pool
Free!
Open all year
Pool/Beach towels
Fenced pool
Languages Spoken
English
About this property
Quality Inn Atlantic Beach Mayo Clinic Jax Area
Near Modesky Park Make yourself at home in one of the 108 air-conditioned rooms featuring refrigerators and microwaves. Complimentary wireless internet access is available to keep you connected. Private bathrooms with showers feature complimentary toiletries and hair dryers. Conveniences include safes and desks, as well as phones with free local calls. Located in Atlantic Beach, Quality Inn Atlantic Beach - Mayo Clinic Jax Area is in the business district, within a 5-minute drive of Kathryn Abbey Hanna Park and Mayport Naval Station. This hotel is 5.4 mi (8.7 km) from Adventure Landing and 5.4 mi (8.7 km) from Jacksonville Beach Pier. Distances are displayed to the nearest 0.1 mile and kilometer.
Kathryn Abbey Hanna Park, 0.9 km / 0.6 mi
Mayport Naval Station, 2.2 km / 1.4 mi
Modesky Park, 2.5 km / 1.6 mi
Dutton Island Preserve, 2.6 km / 1.6 mi
Timucuan Ecological & Historical Preserve, 2.7 km / 1.7 mi
Lake Forest Shopping Center, 3.6 km / 2.2 mi
Atlantic Village Shopping Center, 3.7 km / 2.3 mi
Beaches Town Center: 4.2 km (2.6 mi)
Atlantic Beach, 6.4 km / 4 mi
Sleiman North Shopping Center: 7.4 km (4.6 mi)
Gonzales Park, 8 km / 5 mi
Baptist Primary Care: 8.4 km / 5.2 mi
Adventure Landing: 8.7 km / 5.4 mi
Jacksonville Beach Pier: 8.7 km (5.4 mi)
Jacksonville Beach Golf Club: 8.7 km / 5.4 mi
The nearest airports are:
Jacksonville, FL (CRG-Jacksonville Executive at Craig): 14.2 km (8.8 mi)
Jacksonville International Airport (JAX): 38.6 km / 24 mi
St. Augustine, FL (UST-Northeast Florida Regional): 68.3 km (42.5 mi)
The preferred airport for Quality Inn Atlantic Beach - Mayo Clinic Jax Area is Jacksonville International Airport (JAX).
Take advantage of recreation opportunities such as an outdoor pool or other amenities, including complimentary wireless internet access and gift shops and newsstands. Featured amenities include a business center, complimentary newspapers in the lobby, and a 24-hour front desk. Free self-parking is available onsite. Quench your thirst with your favorite drink at the bar/lounge. A complimentary full breakfast is served daily from 6:00 AM to 10:00 AM. local airport is Jacksonville International Airport. It is approximately a 45-minute drive to the airport. Our breakfast is a free hot continental breakfast with a make-your-own waffle station. No shuttle is available All rooms have exterior hallways/entrances Sorry, no airport shuttle is available. property is cleaned with disinfectant Property confirms they are implementing enhanced cleaning measures Social distancing measures are in place Guests are provided with free hand sanitizer Masks are available to guests property confirms they are implementing guest safety measures Wi-Fi is free for hotel guests. True
Pet fee: USD 25 per pet, per night
Service animals are exempt from fees
The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change.
Pets allowed with daily fee. Parking is self-parking and is always free.
SUBJECT PROPERTY ADDRESS:
2401 MAYPORT ROAD
ATLANTIC BEACH, FL 32233
PLEASE NOTE: THE SELLERS WILL PROVIDE ABSOLUTELY EVERYTHING IN DUE DILIGENCE OR BEFORE THE BUYER PRESENTS THE FOUR STANDARD DOCUMENTS: LOI, POF, BIO AND MASTER FEE AGREEMENT. THIS IS directly from the seller. AVAILABLE IN DUE DILIGENCE ARE THE P&Ls, FRANCISE AGREEMENT AND ALL INFORMATION AND DOCUMENTATION THAT THE BUYER WANTS ANSWER EXPECT IN ORDER TO CLOSE THIS TRANSACTION
