Hotel / Multi-Family Development For Sale. 4,000 sf Footprint.
Current asking sale price = $6,500,000
$311,882.99 Annually / $25,990.25 Monthly / 5,600 sf = $4.65/sf NNN.
Current cams = $2,400 / month / 5,600 sf = $0.43/sf/month.
Did you know that the Nobu hotel across the street was the most valuable hotel purchase on a price per room in the entire Bay Area history? Their rooms go for $500/night+++ https://paloalto.nobuhotels.com/?utm_source=google-gbp&utm_medium=organic&utm_campaign=gbp
A sale will require the seller coordinating a 1031 exchange into a real estate partnership with a group of investors.
400 amps.
Please contact exclusive listing broker, Alex Kent, with any questions. 650-793-0541. Please do not disturb existing tenant or employees with any questions about the property or the listing.