WoodSpring Suites


Price:
$8,500,000

Address :
255 Jennick Dr
Colonial Heights, VA 23834


  •  Leading national franchise offering 124-unit purpose-built extended stay units
  •  Great access to military and civilian transient demand generators
  •  Solid history of revenue and occupancy leadership in segment
  •  Priced to sell at $68,548 per unit
    View Map    View Aerial
  •  Colonial Heights lies along Interstate 95 between Richmond and Petersburg.
  •  The Richmond MSA, which includes Colonial Heights, is home to 1,263,617 people. It is in the Top 50 MSA’s by populations.
  •  Nearby Fort Lee is the 3rd largest training site in the US Army, and it averages 70,000 students annually.
  •  Close to Regional Demand Generators:
    •  1 Mile to Fort Lee Army base
    •  2 Miles to Army Logistics University
    •  2 Miles to Virginia State University
    •  3 Miles to Southside Regional Medical Center
    •  4 Miles to Virginia Motorsports Park
    •  8 Miles to Pocahontas State Park
    •  25 Miles to Richmond International Airport
  •  4 Stories
  •  Interior Corridors
  •  Wood Frame Construction
  •  Vinyl Siding Facade
  •  Pitched, Shingle Roof
  •  Asphalt Parking Lot
  •  Guest Laundry
  •  Vending Area
  •  Wireless Internet
  •  6.14 Acres
  •  Built 2009
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
2018
T-12Mos 6/19
Occupancy
83.61%
85.52%
83.13%
79.76%
Average Daily Rate
$38.23
$42.82
$45.72
$45.21
RevPar
$31.96
$36.62
$37.40
$36.06
Room Revenue
$1,450,574
$1,657,405
$1,720,299
$1,632,084
Net Operating Income
$767,283
$874,152
$898,095
$761,137
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!