Marcus & Millichap closed the sale of Motel 6 Sioux Falls, an 87-room hospitality property in Sioux Falls, South Dakota. The motel sold for $2.25 million.
Ebrahim Valliani, vice president; Michael Klar, associate; Allan Miller, senior vice president; and Chris Gomes, senior managing director, all investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Jon Ruzicka assisted in closing this transaction as broker of record in South Dakota.
Motel 6 Sioux Falls is located at 3009 W. Russell St. in Sioux Falls near the Interstate-29 interchange and direct access to most of the region’s room-demand generators.