8062 Garden Grove Blvd - Hospitality FOR SALE


Garden Grove, CA 92841
$16,250,000 USD
310-740-7283
8062 Garden Grove Blvd, Garden Grove, CA for Sale
$16,250,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

8062 Garden Grove Blvd
Garden Grove, CA 92841


HIGHLIGHTS

  • Price Per Key $131,048/key
  • All Rooms Have Been Recently Renovated Ensuring Updated Interiors
  • Limited New Construction of Competitive Projects in Immediate Market Area
  • Incredible Exposure off Beach Boulevard Exit off 22 Freeway
  • Major Attractions nearby include Rodeo 39 Market, Anaheim Convention Center & Disneyland

OVERVIEW

For the first time in over 20 years, Kidder Mathews & Boardwalk Real Estate, Inc. are proud to present the sale of the Morada Inn & Suites, located at 8062 Garden Grove Blvd, Garden Grove CA 92844. This well maintained, three story, exterior corridor motel features 124 guest rooms (with an additional 5 rooms for management and ownership) and is independently operated. It is strategically positioned right off Highway 22, at the intersection of Garden Grove Blvd & Beach Blvd providing excellent visibility and accessibility for travelers. Additionally, there is prominent freeway signage at the Beach Blvd exit off of Highway 22, maximizing exposure to the heavy traffic flow in the area. The property features guest rooms, the lobby and check in area, guest laundry, back of house laundry room, staff break rooms, maintenance rooms, and storage rooms. The Morada Inn has undergone a full renovation completed in 2024, ensuring updated interiors that appeal to both leisure and business guests. The property offers ample parking surrounding the motel, with a secure and gated lot dedicated to employees. The trade area has limited new construction for competitive projects, limiting future competiton. This is a rare opportunity to acquire a well-positioned hospitality asset in a high-demand market. With its recent renovations, strategic locatiion, and proximity to major attrations, the Morada Inn offers tremendous potential for investors looking to capitalize on Southern California's thriving tourism and hospitality industry. Please reach out to listing agents for confidentiality agreement for financials.

FOR SALE DETAILS

PRICE

$16,250,000 USD

PRICE/SF

$830 USD /SF

# OF ROOMS

131

PRICE/ROOM

$124,046 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morada Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

Commercial

APN/PARCEL ID

096-282-15

ASK ABOUT THIS PROPERTY

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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