Listed by Colliers Los Angeles - Inland Empire, California
$9,150,000
Motel 6 Monterey
Details
APN 013-181-009-000
Property Type Hospitality
Sub Type Motel
Square Footage 13,037
Keys 53
Beds 53
Cap Rate 7.27%
NOI $664,764
Price per SqFt $702
Broker Co-Op Yes
Year Built 1963
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 36,900
Ownership Bayside Hospitality LLC
Coastal Hospitality | 6.22% CAP | 53 Keys
Marketing description
Collires is pleased to solicit offers to acquire the fee-simple interest in the privately owned, Motel 6, in Monterey, California. Swift proximity to Monterey State Beach and Cabrillo Highway, ensuring easy travel around the area. Property’s convenient access to Fisherman’s Whart, Monterey Peninsula airport, and Del monte golf course is plus. Close to the cities of Seaside, Carmel, and Pacific Grove, providing various options for incoming visitors.
Listing Contacts
Listed by Colliers Los Angeles - Inland Empire, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$664,764.00
$55,397.00/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
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