Hotel-Motel

Country Inn

1010 S Union Ave, Bakersfield, CA 93307

Listing Price: $2,200,000

Cap Rate
11.40%
Number of Rooms
60
RevPAR
$18
Gross SF
20,425
Price/Room
$36,667
RRM
5.55
Price/Gross SF
$107.71
Year Built
1960

Investment Overview

Marcus and Millichap are pleased to Exclusively Represent For Sale the Country Inn Motel on Union Avenue in Bakersfield ,CA. This single story exterior corridor building consists of 60 keys plus rental income from a Medical Office lease. The property includes a 5 unit medical office building space as well as a managers quarters. Guestroom amenities include: , free WIFI, TVs, microwave, refrigerator. Centrally located in the heart of Bakersfield off HWY 99. Accessible very easily from many travel routes and highways. The Country Inn is only minutes away from Meadows field Airport, Kern River, Mechanics Bank Arena (formerly Rabobank Arena), Bakersfield Convention Center, Buck Owens Crystal Palace, Kern County Fairgrounds and directly across the street from the Golden West Casino.(Bakersfield's Premier Local Casino)

Bakersfield's historical occupancy runs approximately 70% we attract all types of Religious, Business Conferences and Sporting events that require hospitality stay.

This offering includes a 60 key Motel plus a leased Medical Office Building. The value for the MOB is $635,000.00 leaving $1,565,000.00 for the Motel with a net value of $26,083 / key. Very Competitive including stable MOB lease income.

This Opportunity is a "Cash Cow" for the savvy Investor. Truly a Diamond in the Rough!!

Investment Highlights

  • 60 keys plus rental income from a Medical Office lease
  • Property includes a 5 unit medical office building as well as a managers quarters
  • This Opportunity is a "Cash Cow" for the savvy Investor

Exclusively Listed By

Listing Price: $2,200,000

Cap Rate
11.40%
Number of Rooms
60
RevPAR
$18
Gross SF
20,425
Price/Room
$36,667
RRM
5.55
Price/Gross SF
$107.71
Year Built
1960

Investment Highlights

  • 60 keys plus rental income from a Medical Office lease
  • Property includes a 5 unit medical office building as well as a managers quarters
  • This Opportunity is a "Cash Cow" for the savvy Investor

Investment Overview

Marcus and Millichap are pleased to Exclusively Represent For Sale the Country Inn Motel on Union Avenue in Bakersfield ,CA. This single story exterior corridor building consists of 60 keys plus rental income from a Medical Office lease. The property includes a 5 unit medical office building space as well as a managers quarters. Guestroom amenities include: , free WIFI, TVs, microwave, refrigerator. Centrally located in the heart of Bakersfield off HWY 99. Accessible very easily from many travel routes and highways. The Country Inn is only minutes away from Meadows field Airport, Kern River, Mechanics Bank Arena (formerly Rabobank Arena), Bakersfield Convention Center, Buck Owens Crystal Palace, Kern County Fairgrounds and directly across the street from the Golden West Casino.(Bakersfield's Premier Local Casino)

Bakersfield's historical occupancy runs approximately 70% we attract all types of Religious, Business Conferences and Sporting events that require hospitality stay.

This offering includes a 60 key Motel plus a leased Medical Office Building. The value for the MOB is $635,000.00 leaving $1,565,000.00 for the Motel with a net value of $26,083 / key. Very Competitive including stable MOB lease income.

This Opportunity is a "Cash Cow" for the savvy Investor. Truly a Diamond in the Rough!!

Exclusively Listed By

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