2950 Pea Soup Anderson Blvd - Hospitality FOR SALE


Selma, CA 93662
$21,000,000 USD
818-851-3304
2950 Pea Soup Anderson Blvd, Selma, CA for Sale
$21,000,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

2950 Pea Soup Anderson Blvd
Selma, CA 93662


HIGHLIGHTS

  • 115 Unit, Interior Corridor Property
  • Three Profitable Businesses - Hotel, Restaurant, and Triple-Net Leased Office Building, 6.64 (+/-) Total Acreage
  • Revenue Multiplier: 3.3X,
  • Total 2023 Revenue: $6,348,200; Total 2023 Net Operating Income: $1,681,700
  • Prime Location on Major Travel Corridor between Northern and Southern California
  • No Property Improvement Plan (PIP) Pending

OVERVIEW

The Holiday Inn Selma-Swancourt is a 115 unit, 3-story hotel with interior corridors and elevator. It has a prime location with great visibility from both directions of the Golden State Freeway, U.S. 99, which is a major travel corridor between Northern and Southern California. The hotel has an outdoor pool and spa, fitness center, EV Charging stations, and comfortable guestrooms with flat screen TVs, microwaves, and refrigerators. It is surrounded by beautifully landscaped grounds that include a pond with wildlife. There is also a restaurant, Legends Tap House & Grill, located on site. It serves breakfast, lunch, and dinner and is popular with locals and tourists. The restaurant is highly successful and had a net operating income of $628,600+ in 2023. Also included in the sale is a 1,860 SF (+/-) office building with a triple-net lease. In 2023, lease revenue was $35,400+.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$359 USD /SF

# OF ROOMS

114

PRICE/ROOM

$184,211 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Selma-Swancourt

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

207

LAND DETAILS

LAND ACRES

3.79 AC

LAND SF

165,271 SF

ZONING

C3

APN/PARCEL ID

388-290-06S,388-290-18S,388-290-19S

ASK ABOUT THIS PROPERTY

Steve PostAmber Hotel CompanyMore Info
818-851-3304

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Steve PostAmber Hotel CompanyMore Info
818-851-3304

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