4241 Chester Ln - Hospitality FOR SALE


Bakersfield, CA 93309- Park Stockdale
$15,950,000 USD
661-978-3109
4241 Chester Ln, Bakersfield, CA for Sale
$15,950,000 USD
Hospitality - FOR SALE
1/6
null | 8.62% Cap Rate

4241 Chester Ln
Bakersfield, CA 93309
Park Stockdale


HIGHLIGHTS

  • Strong in Place Cash Flo
  • Institutional Grade Asset
  • Upside in Rate Post PIP

OVERVIEW

Hotel Brokers of America is proud to offer the 114-room Residence Inn by Marriott Bakersfield, CA. Ideally positioned just off Highway 99, the property provides excellent connectivity to key Central Valley markets, including Fresno, Modesto, Stockton, and Sacramento. This all-suite hotel features apartment-style accommodations with full kitchens, separate living and sleeping areas, and select suites with fireplaces. The hotel features an outdoor heated pool, a 24-hour fitness center, and sports courts for tennis, basketball, and volleyball. It also provides a business center and flexible meeting space, appealing to both leisure guests and corporate travelers. This opportunity provides buyers with immediate in-place cash flow, secured by the strength of Marriott’s leading extended-stay brand, with clear NOI upside through management and PIP-driven upside.

FOR SALE DETAILS

PRICE

$15,950,000 USD

PRICE/SF

$236 USD /SF

# OF ROOMS

114

PRICE/ROOM

$139,912 {currency}

CAP RATE

8.62%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residence Inn Bakersfield

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.75 AC

LAND SF

163,350 SF

ZONING

C-2

APN/PARCEL ID

332-322-13-00-5

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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