1020 S White Sands Blvd - Hospitality FOR SALE


Alamogordo, NM 88310
$5,300,000 USD
714-242-8304
1020 S White Sands Blvd, Alamogordo, NM for Sale
$5,300,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

1020 S White Sands Blvd
Alamogordo, NM 88310


OVERVIEW

*Investment Highlights* -Price to sell, reduced by $450,000! -Major renovation recently completed in March 2024, with little to no PIP for new owner -Priced under 3x RRM, 14.2% Cap Rate and 33.1% Cash on Cash Return -Property continues to stabilize after renovation with a strong increase in T-12 revenues up 20% and rising -Exterior corridor; 2-Story; 90-Unit well maintained building located on 2.43-acre lot -Buyer has the option to continue operations as Quality Inn & Suites or property is approved for conversion to SureStay Plus with minimal PIP requirements -Located in high traffic area within Alamogordo, nearby highway junction 70 & 54 -In proximity to renowned White Sands National Park and Holloman Air Force Base -Property approved for SBA 7a financing with only 15% down payment!

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$135 USD /SF

# OF ROOMS

90

PRICE/ROOM

$58,889 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Near White Sands

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1988

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

C

APN/PARCEL ID

R010135

ASK ABOUT THIS PROPERTY

Sid TewariT&S Hotel AdvisorsMore Info
714-242-8304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sid TewariT&S Hotel AdvisorsMore Info
714-242-8304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.