COMFORT SUITES

1922 Memorial Dr, Waycross, GA 31501
STARTING BID $1,800,000

Cap Rate
10.57%
Price Per SF
$131
Price Per Unit
$87,013
Units
77
Gross SQFT
51,000
Year Built
2009
NOI
$708,271
Property Type
Hospitality

BID DATES: JUNE 26-28

INVESTMENT HIGHLIGHTS

  • Primary Market Travel Path – Waycross, GA, is the midway points (shortest driving route) between Atlanta, GA and Jacksonville, FL; as well as Tallahassee, FL, and Savannah, GA
  • Dense Retail Corridor – The property is within walking distance to two restaurants and is neighboring a recently built Starbucks, a new Chick Fil A, McDonalds, Walmart Supercenter, Kroger, and Walgreens
  • CSX Transportation, Inc. – Located in Waycross, GA, “CSX transportation network serves some of the largest population centers in the nation. Nearly two-thirds of Americans live within CSX’s service territory.” Waycross, GA benefits from the daily inflow of CSX employees
  • Destination Point – South Georgia State, Coastal Pine Technology Instit., Waycross College, Waycross-Ware County Airport
  • Strategic Deferral Investment – The subject property is positioned in one of the 5 opportunity zones in Ware County and offers capital gain tax deferral to potential buyer

Broker of Record

  • Kyle Matthews
  • License No. 80041 (GA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203