185 N Tully Rd - Hospitality FOR SALE


Turlock, CA 95380
$7,600,000 USD
949-287-5854
185 N Tully Rd, Turlock, CA for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/7
null | 7.76% Cap Rate

185 N Tully Rd
Turlock, CA 95380


HIGHLIGHTS

  • Turnkey Operations - Days Inn was recently renovated in 2023, which included a new roof, upgraded flooring, and refreshed paint throughout the prop
  • Strong Brand Recognition - Days Inn is a well-recognized and respected brand within the Wyndham Hotels & Resorts portfolio, which will attract a lo
  • Highly Trafficked Area - The property benefits from excellent frontage off the 99-Freeway which sees over 85,000 vehicles per day.
  • Potential for Operational Improvement - An existing operator in the STR Market can scale their existing management network and sales team to improv
  • Demographics - Turlock, CA is known for its immense agricultural production, further known as the “Heart of the Valley”. Additionally, one of the s
  • Positive RevPAR Forecast - CoStar analytics forecasts a 6.8% RevPAR increase for Economy & Midscale hotels throughout the submarket by October 2025

OVERVIEW

The Days Inn Turlock, CA is a legacy asset that has maintained a privately held status for the past 30 years. The hotel has been meticulously maintained and operated by a management team. Turlock, being one of the most dominant MSAs along the 99 corridor, presents a significant opportunity for an experienced operator to capitalize on the in-place revenue, while creating value in reducing operational expenses. The property consists of 20 double queen and 47 single queen rooms spread across ±26,602 SF of building area. The 1.82-acre parcel provides ample parking for RV’s and work trucks. The property’s room revenue presents stability and strong customer satisfaction within the comp set with 2024 RevPAR index at 129% and Occupancy MPI at 139.7%. Both statistics remain constant with property averages dating back to 2021 and are forecasted to improve throughout the next 48 months. The property is currently non-owner operated, which presents an additional opportunity for a local operator to scale costs across their local portfolio or capitalize on implementing a more entrepreneurial business plan to increase NOI margin in one of California’s strongest performing markets. Broker of Record David Harrington License No. 02168060 (CA)

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$286 USD /SF

# OF ROOMS

67

PRICE/ROOM

$113,433 {currency}

CAP RATE

7.76%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn by Wyndham Turlock

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1978

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

Commercial

APN/PARCEL ID

089-15-07

ASK ABOUT THIS PROPERTY

Ryan Kawai SanchezMatthews Real Estate Investment ServicesMore Info
949-287-5854

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Ryan Kawai SanchezMatthews Real Estate Investment ServicesMore Info
949-287-5854

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