8858 Spectrum Park Way - Hospitality FOR SALE


Bakersfield, CA 93308- Outer NW Bakersfield
$9,750,000 USD
480-567-6853
8858 Spectrum Park Way, Bakersfield, CA for Sale
$9,750,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

8858 Spectrum Park Way
Bakersfield, CA 93308
Outer NW Bakersfield


HIGHLIGHTS

  • PIP Completed Dec 2023 (Del Sol Package)
  • Property Averages 85% occupancy last 4 years
  • Kern County economy grew 5.2% surpassing the states 2% growth rate
  • Meadows Field Airport Bakersfield 1.7 miles away
  • 6 miles from Downtown – undergoing a major revitalization
  • Near California High-Speed Rail Bakersfield project – under construction

OVERVIEW

Marcus & Millichap has been chosen to exclusively market for sale, the La Quinta Inn & Suites Bakersfield North, located in Bakersfield, California. This property is a 3-story, interior corridor hotel with 65 rooms, and had the Del Sol Package PIP completed in December 2023. La Quinta Bakersfield North puts you just minutes north of downtown Bakersfield, giving you easy access to the Buena Vista Museum of Natural History, the Bakersfield Museum of Art, and the Fox Theater. The welcoming hotel is also perfect for business travelers, located just minutes from the Rabobank Arena, Theater, and Convention Center. The Meadows Field Airport (BFL) is also nearby. Make the most of the stay with free daily breakfast, an on-site fitness center, and our heated indoor pool. To view offering summary and due diligence please visit https://laquintainnsuitesbakersfieldnorth.sharplaunch.com/ or contact Michael Knall directly at (214) 500-4295 for more information.

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$266 USD /SF

# OF ROOMS

65

PRICE/ROOM

$150,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites Bakersfield North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

M-2

APN/PARCEL ID

492-200-19-00-1

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

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