3473 W Hammer Ln - Hospitality FOR SALE


Stockton, CA 95219
$7,680,000 USD
818-334-2111
3473 W Hammer Ln, Stockton, CA for Sale
$7,680,000 USD
Hospitality - FOR SALE
1/9
null | 9.43% Cap Rate

3473 W Hammer Ln
Stockton, CA 95219


HIGHLIGHTS

  • Value-add Opportunity to purchase a projected 11 + CAP rate and healthy cash flow hotel in an area that is growing fast.

OVERVIEW

Value-add Opportunity to purchase a projected 11 + CAP rate and healthy cash flow hotel in an area that is growing fast. Opportunity to brand and reposition the Hotel to ramp up the revenue by 35% + Boasting a strategic location and impressive facilities, this investment opportunity promises exceptional ROI for savvy investors. Projected to generate $ 2.4 Million revenue in 2025 after new PIP completed. Projected to generate estimated $920,000 in annual Net Operating Income (NOI) before debt service. Annual Cash on Cash of about 12% and Cap rate of 8.75% New Management : New owner have the opportunity to bring on a new 3rd party manager to implement strategic change including optimizing operation and effectively manage cost. Of operation

FOR SALE DETAILS

PRICE

$7,680,000 USD

PRICE/SF

$233 USD /SF

# OF ROOMS

120

PRICE/ROOM

$64,000 {currency}

CAP RATE

9.43%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

CG; Stockton

APN/PARCEL ID

071-180-16

ASK ABOUT THIS PROPERTY

Majid RadaeiRad Capital Group LLCMore Info
818-334-2111

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Majid RadaeiRad Capital Group LLCMore Info
818-334-2111

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