2500 N White Sands Blvd - Hospitality FOR SALE


Alamogordo, NM 88310
$3,095,000 USD
714-397-5539
2500 N White Sands Blvd, Alamogordo, NM for Sale
$3,095,000 USD
Hospitality - FOR SALE
1/34
null | 10.59% Cap Rate

2500 N White Sands Blvd
Alamogordo, NM 88310


OVERVIEW

-58-unit, two-story hotel with exterior corridors and all kitchenette rooms, on nearly one acre of land. -2024 gross revenue of $896,135 with NOI of $327,640, resulting in a 10.59% CAP rate. -Offers a 14.28% cash-on-cash return with current SBA market rates with 20% down. -Under third-party management. Significant potential for a hands-on owner to improve operations, increase ADRs, and reduce expenses. -Can be delivered unencumbered by brand or converted into an Extended Stay America (ESA). Another possible option is to rebrand as Sonesta or maintain current branding with key money. -Situated in Alamogordo, New Mexico, near key attractions such as White Sands National Monument, Holloman Airforce Base, and New Mexico State University.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$166 USD /SF

# OF ROOMS

58

PRICE/ROOM

$53,362 {currency}

CAP RATE

10.59%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Suburban Studios Alamogordo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

66

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

Commercial

APN/PARCEL ID

R015857

ASK ABOUT THIS PROPERTY

Sheil StampwalaT & S Hotel AdvisorsMore Info
714-397-5539

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Sheil StampwalaT & S Hotel AdvisorsMore Info
714-397-5539

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