Friendship Inn | 958 E El Camino Real
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Friendship Inn 958 E El Camino Real
41 Room Hotel Sunnyvale, CA 94087 $10,750,000 ($262,195/Room) 6.31% Cap Rate
Investment Highlights
- High Barrier to Entry Market
- 41 Units
- Interior Corridor Asset- Immaculate Condition
Executive Summary
Marcus & Millichap is pleasesd to offer a unique hotel investment opportunity in Sunnyvale, CA- Friendship Inn Sunnyvale. The Friendship Inn Sunnyvale. This fee simple boutique hotel features 41 keys in immaculate condition and a stunning interior corridor lobby designed to attract the traveler from Pacific Rim countries. Acquiring The Friendship Inn presents a truly unique chance to be a part of Silicon Valley’s prestigious hospitality landscape.
Developed in 1991, The Friendship Inn is independently owned and operated and is available on the market for the first time. This prime
investment opportunity allows for significant value enhancement through its established clientele, strategic location, superior
amenities, and competitive pricing structure. The Friendship Inn is well-positioned for substantial growth and profitability.
Developed in 1991, The Friendship Inn is independently owned and operated and is available on the market for the first time. This prime
investment opportunity allows for significant value enhancement through its established clientele, strategic location, superior
amenities, and competitive pricing structure. The Friendship Inn is well-positioned for substantial growth and profitability.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,367,271
|
$71.99
|
| Other Income |
$19,295
|
$1.02
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,386,566
|
$73.01
|
| Taxes |
$125,775
|
$6.62
|
| Operating Expenses |
$582,447
|
$30.67
|
| Total Expenses |
$708,222
|
$37.29
|
| Net Operating Income |
$678,344
|
$35.72
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,367,271 |
| Annual Per SF | $71.99 |
| Other Income | |
|---|---|
| Annual | $19,295 |
| Annual Per SF | $1.02 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,386,566 |
| Annual Per SF | $73.01 |
| Taxes | |
|---|---|
| Annual | $125,775 |
| Annual Per SF | $6.62 |
| Operating Expenses | |
|---|---|
| Annual | $582,447 |
| Annual Per SF | $30.67 |
| Total Expenses | |
|---|---|
| Annual | $708,222 |
| Annual Per SF | $37.29 |
| Net Operating Income | |
|---|---|
| Annual | $678,344 |
| Annual Per SF | $35.72 |
Property Facts
Amenities
- Balcony
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $219.00 | - |
| Guest Room | 26 | $199.00 | - |
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 313-02-034 | Total Assessment | $1,809,505 (2023) |
| Land Assessment | $148,744 (2023) | Annual Taxes | $125,775 ($6.62/SF) |
| Improvements Assessment | $1,660,761 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
313-02-034
Land Assessment
$148,744 (2023)
Improvements Assessment
$1,660,761 (2023)
Total Assessment
$1,809,505 (2023)
Annual Taxes
$125,775 ($6.62/SF)
Tax Year
2024
zoning
| Zoning Code | C2 (Commercial zoning) |
| C2 (Commercial zoning) |
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Friendship Inn | 958 E El Camino Real
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