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450 Sperry Drive - Comfort Inn & Suites, Colton, CA

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450 Sperry Drive - Comfort Inn & Suites

Colton, CA 92324 - East San Bernardino Submarket

Property Type:Hospitality Number of Rooms:99 Status:Existing Year Built:1967
Stories:2 Building Size:53,500 SF Land Area:2.36 AC (102,802 SF)
For Sale Price:$9,900,000 Price/Room:$100,000 Cap Rate:-

Parking:2.33 Parking Spaces / 1,000 SF

The City of Colton, incorporated in 1887, is an “American Classic” with a very colorful past and proud history. Today, Colton’s strategic location, lower cost land and affordable housing prices point toward a bright future.
Colton, strategically located at the juncture of the I-10 and I-215 freeways, is located in the heart of the Inland Empire and is suited to serve the larger Southern California marketplace. Southern California Job Growth The Inland Empire accounted for 22% of all the job growth in Southern California in 2005, and 46% of all the Southern California job growth from 1990 - 2005. Colton offers tremendous freeway access, rail service from both the Burlington Northern/Santa Fe and Union Pacific railroads, as well as service from 9 major nearby truck terminals and over 80 independent trucking firms.
Riverside-San Bernardino (aka Inland Empire) was ranked first in the country (among large cities) for top U.S. cities/regions to do business (Inc. magazine, May 2005).
Today, approximately 47,000 residents and over 2,000 businesses call Colton “home.” Colton offers a variety of housing choices from affordable entry-level housing to executive homes and many “historic”
homes at very affordable prices. Median prices for existing single-family homes are under $90,000 and new home median prices are well under $150,000.
Colton has a well balanced and diversified economy and is home to a variety of manufacturing, service, retail and distribution com­panies including Con-Agra Milling, Cal Portland Cement, McNeilus Truck, Williams Furnace, Telco Food Products, Al’s Garden Art, U.S. Xpress and Ashley Furniture. Colton is also the corporate headquarters of Stater Brothers Markets, the largest private employer in the Inland Empire, and is home to the new Arrowhead Regional Medical Center, a state of the art medical facility.
With seven (7) redevelopment project areas, a State Enterprise Zone and a Recycling Market Development Zone, Colton offers tre­mendous opportunities for any new or expanding business.

Sale Notes:
99 rooms interior corridor hotel consisting of 2 conference rooms, 25 mini suites, 33 king bedrooms, 34 double Q rooms, 5 handicap rooms, 2 Jacuzzi suites and a gym room. There is an approx 4500sqft restaurant building can be leased out for extra income. Owner acquired land in 2007, major renovation completed and reopened in 2010, construction last 3 years, the cost is more than asking price. Please drive by or call listing broker for a tour. OWNER IS NOT ON PROPERTY, DO NOT DISTURB EMPLOYEES, THANK YOU.

Property is on fwy 10 at Sperry Dr exit close to fwy 215, 2 fwy exposure, it is in the city of Colton.

Colton is a center for new business and residential and employment opportunities in the County of San Bernardino. A comprehensive transportation network. During the Great Depression, Colton experienced development boom. Construction of Interstates 10 and 215 through the city, defining the crossroads nature of the community, attracted transportation-based industries.

Aurora Hospitality Brokerage
Lynn Liu
(562) 916-0088

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