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- LoopNet Team
2030 Highway 165 S
Oakdale, LA 71463
Best Western Oakdale Inn · Hospitality Property For Sale · 29,806 SF
Investment Highlights
- The Property is priced at an attractive 22.9% cap rate based on the TTM November 2019 financials.
- Based on the year-end 2019 Manager Flash report, the Hotel achieved $1,209,856 in rooms revenue.
- Given the excellent physical condition of the property, a minimal change-of-ownership PIP is expected.
- Current ownership spent approximately $200,000 to renovate the exterior appearance, common areas, and lobby of the Property.
- The 56-key count is also considered as an ideal situation for an owner-operator.
- The Property is strategically located in Oakdale, Louisiana, central to Lake Charles (55 miles) and Alexandria (35 miles).
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Year Built/Renovated | 2008/2019 | |
| Building Class | B | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 1.26 AC | Corridor | Interior |
| Building Size | 29,806 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 1.26 AC |
| Building Size | 29,806 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2008/2019 |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 2030 Highway 165 S , Oakdale, LA 71463
- Major demand generators in the area include overflow from the Coushatta Casino Resort (20 miles), Oakdale Community Hospital (4 miles), Oakdale Federal Detention Center I & II (5 miles), and Roy O. Martin Lumber (8 miles). - In December 2019, Roy O. Martin Lumber announced a $23-million investment into its Oakdale strand board facility. Louisiana Economic Development estimates that the project will result in 28 new indirect jobs and 10 new direct jobs. - The 56-key count is also considered as an ideal situation for an owner-operator to implement their own management strategies and cost-saving initiatives to maximize RevPAR penetration and NOI flow-through.
PROPERTY TAXES
| Parcel Number | 054-0023600A | Improvements Assessment | $177,410 |
| Land Assessment | $20,540 | Total Assessment | $197,950 |
PROPERTY TAXES
zoning
| Zoning Code | None |
| None |
Learn More About Investing in Hospitality Properties
