6208 W Pacific Coast Hwy - Hospitality FOR SALE
Newport Beach, CA 92663 |
6208 W Pacific Coast Hwy
Newport Beach, CA 92663
HIGHLIGHTS
- Seller Financing available at 5.50% Interest Only with 50% LTV.
- Attractive 7.54% Cash-on-Cash Return.
- ProForma CAP Rate of 6.68%. Current CAP Rate of 6.52%.
- Recently Executed a New 10-Year Corporate Backed Lease with (2) 5-Year Options to Extend. New Lease Features Annual Rent Increases.
- Property Was Extensively Renovated in 2022. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Recent Capital Improvements Exceeding $225,000
- Improvements include but are not limited to, New Roof, New Carpet, New Windows, Screen Doors, Plumbing, Paint, Fixtures, Lobby, and Lounge Area.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Master Leased Hotel
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
22814
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1970
PARKING SPACES
18
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CV
APN/PARCEL ID
045-111-20
