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32817199
32817198

1368 N McDowell Blvd, Petaluma, CA 94954 For Sale

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
TN
CA 01987001
Marcus & Millichap - Oakland
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - Oakland
$14,000,000
63 days on market
Updated 62 days ago

Super 8 by Wyndham Petaluma

Details
APN 137-011-015-000
Property Type Hospitality
Sub Type Motel
Square Footage 81,682
Keys 122
NOI $850,294
Pro-Forma Cap Rate 6.07%
Price per SqFt $171
Year Built 1983
Acreage 2.590
Zoning BP - Business Park
Investment Type Value Add

Hospitality | 122 Keys

Marketing description

1368 N McDowell Blvd is an exceptional 122-room motel located in the thriving city of Petaluma, CA.

Situated on an expansive 2.59 acre parcel of land, the subject property was originally constructed in 1983 and features approximately 81,682 square feet of living area. The subject property offers 122 rooms with convenient on-site amenities such as dedicated private parking, on-site laundry, and a sunny community pool.

Petaluma offers a unique blend of small-town charm and economic stability, long celebrated as the "Egg Basket of the World" and now known for its vibrant food scene with an abundance of eateries and award-winning restaurants. Residents enjoy convenient access to major local employers, including Amy's Kitchen, Petaluma Valley Hospital, Clover Sonoma, Labcon, Lagunitas Brewing, and the Petaluma School District, supporting steady rental demand. The property is also well-positioned near U.S. Highway 101 and California State Route 37, providing efficient connectivity throughout Sonoma, Marin, and the greater Bay Area.

The investment appeal of this asset is driven by Petaluma's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of Sonoma County, 1368 N McDowell Blvd presents an attractive choice for residents due to its close proximity to major employers, transportation corridors, and lifestyle amenities.

Investment highlights

  • Well-situated Petaluma Motel Asset - Investors have the rare opportunity to acquire a 122-room motel located on a busy thoroughfare in the heart of Sonoma County.
  • Potential Multifamily Conversion - 1368 N McDowell Blvd offers the potential for a multifamily conversion, subject to entitlements and zoning approvals, allowing investors to reposition the asset and capitalize on strong rental demand and limited housing supply in the broader Petaluma submarket.
  • Convenient Amenities - The subject property offers convenient amenities such as dedicated private parking, on-site laundry, and a sunny community pool.
  • Abundant Local Attractions and Amenities - 1368 N McDowell Blvd is strategically situated near countless local attractions such as Petaluma Village Premium Outlets, Luchessi Park, and Deer Creek Village.
  • Convenient Access to Major Transportation Corridors - The subject property offers tenants convenient access to U.S. Highway 101 and California State Route 37.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
TN
CA 01987001
Marcus & Millichap - Oakland
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - Oakland

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$850,294.00
$70,857.83/mo

Valuation Metrics

0
DSCR
6.07%
Cap Rate
6.07%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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