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Motel 6 Monterey, CA 2124 Fremont St 53 Room Hotel Monterey, CA 93940 $12,759,675 CAD ($240,749 CAD/Room) 8.50% Cap Rate
Investment Highlights
- Convenient access to Fisherman’s Wharf, Monterey Peninsula Airport, and Del Monte Golf Course
- Swift proximity to Monterey State Beach and Cabrillo Highway, ensuring easy travel around the area
Executive Summary
Colliers is pleased to solicit offers to acquirethe free-simple interest in the privataly owned Motel 6 in Monterey, California. Convenient access to Fisherman's Wharf, Monterey Penninsula airport, and Del Monte Golf Course. Swift proximity to Monterey State Beach and Cabrillo highway, ensuring easy travel around the area.
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- Market Information
- Operating and Financials
- Third Party Reports
- Miscellaneous
Property Facts
| Price | $12,759,675 CAD | Lot Size | 0.85 AC |
| Price Per Room | $240,749 CAD | Building Size | 13,037 SF |
| Sale Type | Investment | No. Rooms | 53 |
| Cap Rate | 8.50% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1963/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.68/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | 5N - MOTELS & HOTELS | ||
| Price | $12,759,675 CAD |
| Price Per Room | $240,749 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 13,037 SF |
| No. Rooms | 53 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 2.68/1,000 SF |
| Corridor | Exterior |
| Zoning | 5N - MOTELS & HOTELS |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 53 | $99.01 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 013-181-009-000 | Improvements Assessment | $3,037,057 CAD |
| Land Assessment | $2,555,779 CAD | Total Assessment | $5,592,836 CAD |
Property Taxes
Parcel Number
013-181-009-000
Land Assessment
$2,555,779 CAD
Improvements Assessment
$3,037,057 CAD
Total Assessment
$5,592,836 CAD
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Motel 6 Monterey, CA | 2124 Fremont St
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