Fully Renovated Travelodge 65 units Presented by Sooner Realty Properties
Confidentiality Agreement Kamlesh Aggarwal, CCIM kamlesh912@gmail.com (918) 260-5286 License: 080557 Sooner Realty Properties 2709 S 27th Street Muskogee, OK 74401 Notes
Property Details PRICE REDUCED FOR A QUICK SALE!! Seller completed all the PIP for Travelodge, no PIP requirements for Buyers, Fully Renovated! Excellent opportunity for an owner/operator in a Metro city with population of almost 400,000, 62 rent-able units & 3 units are being used as storage including (3 apartments) - 2 bedrooms, 1 bath, living room and kitchen area for onsite housekeepers, one bedroom, full bath, living room and kitchen for onsite manager, 3 bedrooms, kitchen, 2 full baths, living room for owner's apartment, off of I-44 & Hwy 169, close to airport, restaurants, shopping & industrial area. Apts. can be rented for an additional income. Revenues were lower in 2016 due to 40 units being shut down for renovations. As of this year all rooms are up and rent-able. Revenues are up this year. Great buy for an owner/operator. Price: $1,550,000 View the full listing here: http://www.crelisting.net/yxr4_im0g/?stepid=107 Price: $1,550,000 No. Rooms: 65 Building Size: 43,806 SF Price/Room: $23,846.15 Property Type: Hotel & Motel Property Sub-type: Economy/Limited Service Property Use Type: Business For Sale Corridor: Exterior Lot Size: 2.16 AC Fully Renovated Travelodge 65 units includes 3 Apt
Location Location Description Between I-44 and Hwy 169 on 11th Street & the access road
Property Photos Front View Another Front View
Property Photos Copy & Front Entrance East View From Lobby
Property Photos Back View North East View
Property Photos Another North East View East View
Property Photos King Bed with outside vanity Another View of Two Beds
Property Photos King Bed with Jacuzzi New Vanity
Property Photos Another Vanity View Bathroom View
Property Photos Apt. View Flat Screen TV
Property Photos Micro/Fridge Combo Another View of Micro/Fridge Combo & Front View
Property Photos Flat Screen TV & Micro/Fridge Combo Customer Laundry
Sales Comparables Photo Not Provided Address 11620 E Skelly Drive, Tulsa, OK 74128 8021 E 33rd Street, Tulsa, OK 74145 1036 S Garnett Road, Tulsa, OK 74128 35 N Sheridan Road, Tulsa, OK 74115 Property Type Hotel & Motel Hotel & Motel Hotel & Motel Hotel & Motel Property Subtype Economy/Limited Service Economy/Limited Service Economy/Limited Service Economy/Limited Service Zoning CS* IL* CS* CG* Building Size 85,915 SF 32,797 SF 13,452 SF 38,084 SF Year Built 1960 1999 1985 1974 No. Stories Lot Size 4.83 AC 1.27 AC 2.68 AC 1.90 AC APN / Parcel ID 38185-94-08-27880 99323-93-23-09062 11950-94-06-01190 21690-93-02-21620 Asking Price Price Per Last Sold 03/24/2017 01/04/2017 05/25/2016 04/22/2016 Sale Price $1,575,000 $3,350,000 $579,500 $1,325,000 Sale Price Per $18.33 /SF $102.14 /SF $43.08 /SF $34.79 /SF Notes
Map of Comparables Property Address Sale Date Sale Price Property Subtype Type 1 11620 E Skelly Drive, Tulsa, OK 74128 03/24/2017 $1,575,000 Hotel & Motel Economy/Limited Service 2 8021 E 33rd Street, Tulsa, OK 74145 01/04/2017 $3,350,000 Hotel & Motel Economy/Limited Service 3 1036 S Garnett Road, Tulsa, OK 74128 05/25/2016 $579,500 Hotel & Motel Economy/Limited Service 4 35 N Sheridan Road, Tulsa, OK 74115 04/22/2016 $1,325,000 Hotel & Motel Economy/Limited Service
Demographics Population 1-mi. 3-mi. 5-mi. 2015 Male Population 5,141 36,140 66,176 2015 Female Population 5,319 36,212 67,597 % 2015 Male Population 49.15% 49.95% 49.47% % 2015 Female Population 50.85% 50.05% 50.53% 2015 Total Population: Adult 7,600 51,368 97,982 2015 Total Daytime Population 10,116 75,587 179,849 2015 Total Employees 4,099 34,383 106,352 2015 Total Population: Median Age 34 31 33 2015 Total Population: Adult Median Age 45 43 44 2015 Total population: Under 5 years 897 6,769 11,598 2015 Total population: 5 to 9 years 842 6,188 10,462 2015 Total population: 10 to 14 years 755 5,293 9,055 2015 Total population: 15 to 19 years 625 4,726 8,095 2015 Total population: 20 to 24 years 683 5,667 10,335 2015 Total population: 25 to 29 years 786 5,854 11,165 2015 Total population: 30 to 34 years 831 5,826 10,927 2015 Total population: 35 to 39 years 691 4,700 8,551 2015 Total population: 40 to 44 years 631 4,325 8,169 2015 Total population: 45 to 49 years 581 3,922 7,487 2015 Total population: 50 to 54 years 590 4,064 7,916 2015 Total population: 55 to 59 years 559 3,805 7,824
Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total population: 60 to 64 years 520 3,185 6,433 2015 Total population: 65 to 69 years 429 2,651 5,084 2015 Total population: 70 to 74 years 359 1,858 3,567 2015 Total population: 75 to 79 years 296 1,398 2,802 2015 Total population: 80 to 84 years 232 1,142 2,224 2015 Total population: 85 years and over 153 979 2,079 % 2015 Total population: Under 5 years 8.58% 9.36% 8.67% % 2015 Total population: 5 to 9 years 8.05% 8.55% 7.82% % 2015 Total population: 10 to 14 years 7.22% 7.32% 6.77% % 2015 Total population: 15 to 19 years 5.98% 6.53% 6.05% % 2015 Total population: 20 to 24 years 6.53% 7.83% 7.73% % 2015 Total population: 25 to 29 years 7.51% 8.09% 8.35% % 2015 Total population: 30 to 34 years 7.94% 8.05% 8.17% % 2015 Total population: 35 to 39 years 6.61% 6.50% 6.39% % 2015 Total population: 40 to 44 years 6.03% 5.98% 6.11% % 2015 Total population: 45 to 49 years 5.55% 5.42% 5.60% % 2015 Total population: 50 to 54 years 5.64% 5.62% 5.92% % 2015 Total population: 55 to 59 years 5.34% 5.26% 5.85% % 2015 Total population: 60 to 64 years 4.97% 4.40% 4.81% % 2015 Total population: 65 to 69 years 4.10% 3.66% 3.80% % 2015 Total population: 70 to 74 years 3.43% 2.57% 2.67%
Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 75 to 79 years 2.83% 1.93% 2.09% % 2015 Total population: 80 to 84 years 2.22% 1.58% 1.66% % 2015 Total population: 85 years and over 1.46% 1.35% 1.55% 2015 White alone 5,585 37,165 76,298 2015 Black or African American alone 1,150 9,098 15,042 2015 American Indian and Alaska Native alone 577 4,181 8,485 2015 Asian alone 253 2,076 3,743 2015 Native Hawaiian and OPI alone 5 79 122 2015 Some Other Race alone 2,212 14,589 20,623 2015 Two or More Races alone 678 5,164 9,460 2015 Hispanic 3,239 22,247 33,151 2015 Not Hispanic 7,221 50,105 100,622 % 2015 White alone 53.39% 51.37% 57.04% % 2015 Black or African American alone 10.99% 12.57% 11.24% % 2015 American Indian and Alaska Native alone 5.52% 5.78% 6.34% % 2015 Asian alone 2.42% 2.87% 2.80% % 2015 Native Hawaiian and OPI alone 0.05% 0.11% 0.09% % 2015 Some Other Race alone 21.15% 20.16% 15.42% % 2015 Two or More Races alone 6.48% 7.14% 7.07% % 2015 Hispanic 30.97% 30.75% 24.78% % 2015 Not Hispanic 69.03% 69.25% 75.22%
Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. 2015 Not Hispanic: White alone 6,980 46,447 89,930 2015 Not Hispanic: Black or African American alone 855 6,744 10,779 2015 Not Hispanic: American Indian and Alaska Native alone 463 3,722 7,422 2015 Not Hispanic: Asian alone 211 2,065 3,125 2015 Not Hispanic: Native Hawaiian and OPI alone 6 39 59 2015 Not Hispanic: Some Other Race alone 15 98 164 2015 Not Hispanic: Two or More Races 455 3,054 5,662 % 2015 Not Hispanic: White alone 69.01% 65.92% 69.68% % 2015 Not Hispanic: Black or African American alone 8.45% 9.57% 8.35% % 2015 Not Hispanic: American Indian and Alaska Native alone 4.58% 5.28% 5.75% % 2015 Not Hispanic: Asian alone 2.09% 2.93% 2.42% % 2015 Not Hispanic: Native Hawaiian and OPI alone 0.06% 0.06% 0.05% % 2015 Not Hispanic: Some Other Race alone 0.15% 0.14% 0.13% % 2015 Not Hispanic: Two or More Races 4.50% 4.33% 4.39% Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a
Demographics Population Change (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total Population 10,460 72,352 133,773 2015 Households 3,762 26,097 51,488 Population Change 2010-2015 26 264 982 Household Change 2010-2015 -74-527 -870 % Population Change 2010-2015 0.25% 0.37% 0.74% % Household Change 2010-2015 -1.93% -1.98% -1.66% Population Change 2000-2015 346 1,891 4,704 Household Change 2000-2015 -283-1,882-2,650 % Population Change 2000 to 2015 3.42% 2.68% 3.64% % Household Change 2000 to 2015-7.00% -6.73% -4.89% Housing 1-mi. 3-mi. 5-mi. 2015 Housing Units 4,175 29,521 57,260 2015 Occupied Housing Units 4,045 27,979 54,138 2015 Owner Occupied Housing Units 2,971 16,071 31,940 2015 Renter Occupied Housing Units 1,074 11,908 22,198 2015 Vacant Housings Units 130 1,542 3,122 % 2015 Occupied Housing Units 96.89% 94.78% 94.55%
Demographics Housing (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Owner occupied housing units 73.45% 57.44% 59.00% % 2015 Renter occupied housing units 26.55% 42.56% 41.00% % 2000 Vacant housing units 3.11% 5.22% 5.45% Income 1-mi. 3-mi. 5-mi. 2015 Household Income: Median $41,150 $39,476 $40,714 2015 Household Income: Average $49,449 $48,565 $51,494 2015 Per Capita Income $18,007 $17,596 $19,898 2015 Household income: Less than $10,000 213 2,212 4,426 2015 Household income: $10,000 to $14,999 244 1,671 3,137 2015 Household income: $15,000 to $19,999 299 2,073 3,832 2015 Household income: $20,000 to $24,999 231 1,892 3,698 2015 Household income: $25,000 to $29,999 264 1,666 3,214 2015 Household income: $30,000 to $34,999 302 1,991 3,804 2015 Household income: $35,000 to $39,999 267 1,724 3,158 2015 Household income: $40,000 to $44,999 265 1,725 3,324 2015 Household income: $45,000 to $49,999 223 1,642 3,032 2015 Household income: $50,000 to $59,999 443 2,636 4,836 2015 Household income: $60,000 to $74,999 395 2,519 5,238 2015 Household income: $75,000 to $99,999 290 2,174 4,714 2015 Household income: $100,000 to $124,999 183 1,115 2,384 2015 Household income: $125,000 to $149,999 70 491 1,116 2015 Household income: $150,000 to $199,999 55 378 1,034
Demographics Income (Cont.) 1-mi. 3-mi. 5-mi. 2015 Household income: $200,000 or more 18 188 541 % 2015 Household income: Less than $10,000 5.66% 8.48% 8.60% % 2015 Household income: $10,000 to $14,999 6.49% 6.40% 6.09% % 2015 Household income: $15,000 to $19,999 7.95% 7.94% 7.44% % 2015 Household income: $20,000 to $24,999 6.14% 7.25% 7.18% % 2015 Household income: $25,000 to $29,999 7.02% 6.38% 6.24% % 2015 Household income: $30,000 to $34,999 8.03% 7.63% 7.39% % 2015 Household income: $35,000 to $39,999 7.10% 6.61% 6.13% % 2015 Household income: $40,000 to $44,999 7.04% 6.61% 6.46% % 2015 Household income: $45,000 to $49,999 5.93% 6.29% 5.89% % 2015 Household income: $50,000 to $59,999 11.78% 10.10% 9.39% % 2015 Household income: $60,000 to $74,999 10.50% 9.65% 10.17% % 2015 Household income: $75,000 to $99,999 7.71% 8.33% 9.16% % 2015 Household income: $100,000 to $124,999 4.86% 4.27% 4.63% % 2015 Household income: $125,000 to $149,999 1.86% 1.88% 2.17% % 2015 Household income: $150,000 to $199,999 1.46% 1.45% 2.01% % 2015 Household income: $200,000 or more 0.48% 0.72% 1.05% Retail Sales Volume 1-mi. 3-mi. 5-mi. 2015 Childrens/Infants clothing stores $982,820 $6,822,374 $13,430,096 2015 Jewelry stores $336,465 $2,328,886 $4,667,408 2015 Mens clothing stores $1,128,158 $7,790,896 $15,480,191 2015 Shoe stores $1,152,031 $7,929,861 $15,706,026
Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Womens clothing stores $1,936,172 $13,208,050 $26,364,333 2015 Automobile dealers $14,956,593 $101,776,213 $203,817,345 2015 Automotive parts and accessories stores $2,972,336 $20,209,360 $40,417,581 2015 Other motor vehicle dealers $435,119 $2,951,119 $5,913,621 2015 Tire dealers $1,330,712 $9,040,781 $18,064,604 2015 Hardware stores $60,221 $399,369 $808,294 2015 Home centers $606,501 $4,024,909 $8,152,697 2015 Nursery and garden centers $731,752 $4,833,932 $9,825,269 2015 Outdoor power equipment stores $346,746 $2,296,668 $4,616,522 2015 Paint andwallpaper stores $72,289 $479,237 $963,250 2015 Appliance, television, and other electronics stores $2,013,799 $13,614,717 $27,326,608 2015 Camera andphotographic supplies stores $147,032 $1,003,265 $2,027,559 2015 Computer andsoftware stores $5,633,226 $38,531,437 $76,754,107 2015 Beer, wine, and liquor stores $954,281 $6,548,388 $13,090,767 2015 Convenience stores $4,321,580 $29,918,850 $59,271,516 2015 Restaurant Expenditures $3,954,882 $26,993,845 $53,945,774 2015 Supermarkets and other grocery (except convenience) stores $16,065,939 $110,076,209 $218,461,734 2015 Furniture stores $1,417,645 $9,641,498 $19,254,779 2015 Home furnishings stores $5,024,290 $33,949,298 $67,998,899 2015 General merchandise stores $26,066,909 $176,321,805 $353,129,251 2015 Gasoline stations with convenience stores $13,705,992 $93,831,872 $186,251,602
Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Other gasoline stations $9,901,710 $67,502,401 $134,059,594 2015 Department stores (excl leased depts) $25,730,444 $173,992,919 $348,461,843 2015 General merchandise stores $26,066,909 $176,321,805 $353,129,251 2015 Other health and personal care stores $1,010,944 $6,851,757 $13,744,260 2015 Pharmacies and drug stores $4,160,019 $28,095,973 $56,173,723 2015 Pet and pet supplies stores $1,127,035 $7,606,499 $15,225,824 2015 Book, periodical, and music stores $165,437 $1,117,914 $2,259,433 2015 Hobby, toy, and game stores $475,119 $3,256,038 $6,517,271 2015 Musical instrument and supplies stores $45,448 $313,012 $631,813 2015 Sewing, needlework, and piece goods stores $89,639 $603,335 $1,215,702 2015 Sporting goods stores $445,569 $3,040,319 $6,126,044
Broker Profile Kamlesh Aggarwal, CCIM A Commercial Realtor, have been in Real Estate Industry since 1986. Started as a Residential Realtor and moved up to become a Commercial Realtor also gained ample experience in financial services associated with real estate while working for a financial institution and the title company in California briefly. kamlesh912@gmail.com (918) 260-5286 License: 080557 Sooner Realty Properties 2709 S 27th Street Muskogee, OK 74401 Current Occupation: Work Experience: Education: Organizations/Associations: Honors/Awards: Commercial Real Estate Broker Over 30 years experience in selling Real Estate Graduate of Punjab University, India in Political Science & History. Received Sales associate s license in 1986. Received her Broker s license in 1994. Achieved several continuing education credits including a graduate of CCIM (Certified Commercial Investment Member). Kamlesh completed the CCIM curriculum by submitting her transaction portfolio of experience and completing her comprehensive examination at the mid year business meeting in April 2013.Only 6% of the estimated 125,000 commercial real estate professionals nationwide hold the CCIM designation, which reflect not only the caliber of the program, but also why it is one of the most coveted designation in the industry. Graduate of Leadership Muskogee. Completed AAHOA CHO Certification-September 2016 CCIM, National Association of REALTORS, LoopNet, Inc. Volunteer of the Year Award - Muskogee Chamber of Commerce, CoStar Power Broker 2011 Top Firm Award Winner, 2016 AAHOA'S CHO Designation(Asian American Hotel Owner's Association) Website: http://www.soonerrealtyproperties.com Interests: Traveling, Gardening and Community Work