Offered at a 9.2% Cap Rate; 3.16x Revenue Multiplier and pro forma 11.01% cap rate and pro forma revenue multiplier 2.88x
Stabilized, turn-key hotel with steady EBITDA and the opportunity to significantly increase income
Development potential exists with the possibility to convert to multifamily housing with a CUP
Just off of Interstate 94 and visible from the highway which sees ~27,900 vehicles per day
Description
SVN | Northco is pleased to serve as the exclusive advisor to ownership for the sale of the Osseo Inn, a 50-unit hotel located in the charming town of Osseo, WI. The Property is conveniently located off highway 94 making it a perfect stop for travelers passing through or travelers looking to take advantage of the outdoor activities and small-town character Osseo has to offer.
Welcome to Osseo, where small-town charm meets modern convenience in the heart of Wisconsin. Nestled amidst picturesque landscapes and vibrant community spirit, Osseo offers a lifestyle that seamlessly blends tranquility with opportunity. From its quaint downtown streets lined with historic architecture to its scenic parks and bustling local businesses, Osseo is a place where every corner tells a story and every day brings new adventures.
Osseo is a destination location conveniently located within easy reach of larger cities like Eau Claire and La Crosse, offering residents and visitors the best of both worlds. Whether you're commuting for work or simply seeking a weekend getaway, Osseo's prime location makes it easy to explore the countless attractions and amenities of the surrounding area.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
