206-715-9910
1701 E Valley Rd, Renton, WA for Sale
Hospitality - FOR SALE
1/4
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1701 E Valley Rd
Renton, WA 98057


HIGHLIGHTS

  • IDEALLY POSITIONED WITHIN THE SOUTH LAKE WASHINGTON SUBMARKET NEAR A DIVERSE MIX OF AEROSPACE, HEALTHCARE, AND LOGISTICS DEMAND
  • RENTON BENEFITS FROM A DIVERSIFIED EMPLOYMENT BASE ANCHORED BY BOEING AND MAJOR REGIONAL EMPLOYERS IN SOUTH KING COUNTY
  • LARGE SUITES MEASURING 300 SQUARE FEET AND LARGER, ALL WITH FULL KITCHENS, DINING, LIVING, AND SLEEPING AREAS
  • STABLE REVPAR PERFORMANCE SUPPORTED BY EXTENDED-STAY AND PROJECT-BASED CORPORATE DEMAND WITH LIMITED NEW SUPPLY IN THE SOUTH KING COUNTY SUBMARKET
  • OFFERED UNENCUMBERED OF MANAGEMENT AND BRAND
  • AFFILIATION WITH A NATIONAL FRANCHISE AND COMPLETION OF CAPITAL IMPROVEMENTS WILL DRIVE REVPAR

OVERVIEW

CBRE Hotels, on an exclusive basis, is pleased to present the opportunity to acquire the 127-room Larkspur Landing Renton. Located in the South Lake Washington submarket, the Larkspur Landing is prominently positioned in Renton, Washington, with convenient access to Interstate 405, Interstate 5, and State Route 167, within the incorporated City of Renton. Renton serves as a key employment and logistics hub within the southern Puget Sound region, benefiting from a diversified economic base, strong industrial and aerospace presence, and proximity to major transportation infrastructure. The Hotel is located near several major Fortune 500 and leading employers, including Boeing, Blue Origin, Amazon, Kaiser Permanente, and Providence Health, as well as numerous logistics, manufacturing, and distribution facilities throughout Renton, Kent, Tukwila, and South Seattle. Downtown Seattle, the Seattle Convention Center, Lumen Field, and Climate Pledge Arena are all located within approximately 15 miles. Seattle-Tacoma International Airport (“SEA”) is less than 10 miles south of the Hotel. Opened in the late 1990s, the Larkspur Landing Renton is a multi-story, wood-frame property situated on a well-configured parcel. This purpose-built extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with dedicated common areas designed to serve long-term and project-based guests. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

127

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Larkspur Landing Renton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

141

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,008 SF

ZONING

CO

APN/PARCEL ID

334040-3332

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206-715-9910

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206-715-9910

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