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For Sale

The Dakota

3200 W Russell St,
Sioux Falls, SD 57107

Asset Snapshot

1975
Year Built
2
Floor Count
1
Building Count

Offering Summary

Investment Overview

98 Guestrooms + Manager’s Apartment Price per key: $39,795 Revenue T12 June 2024: $1,377,953 Occupancy T12 June 2024: 70% ADR T12 June 2024: $53.92 NOI T12 June 2024: $274,033 Net Operating Percentage T12 June 2024: 19.9% Two-story, Interior Corridor Hilton, IHG, and other Brand Conversion Opportunity Discount to Replacement Cost Growing Population in an Expanding Market Co-listed with Avison Young


Investment Highlights

  • 98 Guestrooms + Manager’s Apartment
  • Price per key: $39,795
  • Revenue T12 June 2024: $1,377,953
  • Occupancy T12 June 2024: 70%
  • ADR T12 June 2024: $53.92
  • NOI T12 June 2024: $274,033
  • Net Operating Percentage T12 June 2024: 19.9%
  • Two-story, Interior Corridor
  • Hilton, IHG, and other Brand Conversion Opportunity
  • Discount to Replacement Cost
  • Growing Population in an Expanding Market
  • Co-listed with Avison Young

How it Works

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Listing Syndicated From

Buildout
For Sale
$3,900,000
Asking Price