2040 Factory Outlet Dr - Hospitality FOR SALE


Anderson, CA 96007
$6,100,000 USD
916-390-4240
2040 Factory Outlet Dr, Anderson, CA for Sale
$6,100,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

2040 Factory Outlet Dr
Anderson, CA 96007


HIGHLIGHTS

  • $1,050,000 renovation of the property to Wyndham Brand standard in 23'
  • Buyer benefits from not only renovation expense but buyer avoiding the revenue lost during renovation; post reno ramp up and financing cost for reno
  • A $669,510 PACE Loan for the Solar System that was installed as a part of the renovation will be paid off by the Seller at COE
  • Capitalization of the Electrical Savings at a 8% cap is $500,000

OVERVIEW

The Baymont Inn & Suites in Anderson, CA is a 60-room, interior corridor, two-story hotel that has undergone extensive recent renovations, making it a turnkey investment opportunity. The property features newly upgraded stucco exterior, giving it a refreshed and modern curb appeal. Each guest room is well-appointed with a smart flat-screen TV, sitting area, mini-refrigerator, and complimentary Wi-Fi, catering to both business and leisure travelers. Guests also enjoy amenities such as a heated indoor pool, fitness center, guest laundry facilities, and complimentary coffee in the lobby, ensuring a comfortable stay. The property’s operational efficiencies are bolstered by sustainable energy improvements, including a solar system installed as part of a PACE energy project in 2021, along with LED lighting upgrades. The solar system will be paid off by the seller at close of escrow, providing the new owner with reduced utility costs and an environmentally friendly footprint. Additionally, the hotel qualifies for a rebrand to IHG’s Garner brand, presenting an opportunity to enhance market presence and leverage a globally recognized name. With its strong foundation, modern upgrades, and rebranding potential, the Baymont Inn & Suites is an attractive investment in a growing market.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$250 USD /SF

# OF ROOMS

60

PRICE/ROOM

$101,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey / Ideal for Absentee Owner

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

C1

APN/PARCEL ID

202-780-020-000

ASK ABOUT THIS PROPERTY

Dan HaywardKW CommercialMore Info
916-390-4240

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Dan HaywardKW CommercialMore Info
916-390-4240

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.