2700 Lenwood Rd - Hospitality FOR SALE


Barstow, CA 92311
$17,000,000 USD
818-424-0386
2700 Lenwood Rd, Barstow, CA for Sale
$17,000,000 USD
Hospitality - FOR SALE
1/59
null | Request Cap Rate

2700 Lenwood Rd
Barstow, CA 92311


HIGHLIGHTS

  • Perfect for an owner operator looking to acquire an IHG brand in CA
  • This property has solar panels leading to major saving in expense
  • Located at the most happening exit in town and priced at a fair market price.

OVERVIEW

Location Highlights: Adjacent to a Tesla Supercharger Station and The Outlets at Barstow Immediate access to Interstate 15, with proximity to Interstates 40, Routes 58 & 66 Situated along major trucking and tour bus routes Approximately 1.5 hours from Los Angeles, 1 hour from Ontario, and 2 hours from Las Vegas Near the planned $1.5 billion BNSF Barstow International Gateway rail facility This property represents an opportunity to acquire a franchised hotel in a consistently strong, year-round market, supported by various demand drivers including government, corporate, railroad, and freeway traffic.At $288.85/SF, the current asking price is at the low end of replacement cost or potentially below depending on current market construction rates in California. This limits downside risk and offers upside in appreciation, especially since new construction would be more expensive and harder to justify in a secondary market like Barstow. Please give me a call to discuss the details and get the OM and DD link.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$285 USD /SF

# OF ROOMS

110

PRICE/ROOM

$154,545 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

CH, Barstow

APN/PARCEL ID

0421-321-09

ASK ABOUT THIS PROPERTY

Sofia HiraniColdwell Banker ExclusiveMore Info
818-424-0386

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Sofia HiraniColdwell Banker ExclusiveMore Info
818-424-0386

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