Budget Inn & Suites | 3473 W Hammer Ln
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Budget Inn & Suites 3473 W Hammer Ln
120 Room Hotel Stockton, CA 95219 $6,900,000 ($57,500/Room) 10.50% Cap Rate
Investment Highlights
- Value-add Opportunity to purchase a projected 11 + CAP rate and healthy cash flow hotel in an area that is growing fast.
Executive Summary
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
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
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,900,000 | Building Size | 32,954 SF |
| Price Per Room | $57,500 | No. Rooms | 120 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 10.50% | Year Built | 1988 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 4.8/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.49 AC |
| Price | $6,900,000 |
| Price Per Room | $57,500 |
| Sale Type | Investment |
| Cap Rate | 10.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.49 AC |
| Building Size | 32,954 SF |
| No. Rooms | 120 |
| No. Stories | 3 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 4.8/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- Shuttle Service
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $69.00 | - |
| Guest Room | 110 | $57.00 | - |
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PROPERTY TAXES
| Parcel Number | 071-180-16 | Improvements Assessment | $2,259,721 |
| Land Assessment | $987,064 | Total Assessment | $3,246,785 |
PROPERTY TAXES
Parcel Number
071-180-16
Land Assessment
$987,064
Improvements Assessment
$2,259,721
Total Assessment
$3,246,785
zoning
| Zoning Code | CG; Stockton |
| CG; Stockton |
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Budget Inn & Suites | 3473 W Hammer Ln
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