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103 Room Hotel For Sale 326 S Airport Blvd 199 Room Hotel South San Francisco, CA 94080 $16,323,720 CAD ($82,029 CAD/Room) 9.13% Cap Rate
Executive Summary
326 South Airport Boulevard (the “Property”) consists of four hospitality structures totaling 103 keys situated on a two acre lot. The Property will be delivered vacant and without the encumbrance of any flag or franchise agreement, allowing new ownership to rebrand or redevelop the property as they see fit.
Visible from Highway 101, the Property benefits from immediate access to the freeway, SFO, and the South San Francisco Conference Center.
Located in the path of development, the Property is zoned T6 Urban Core (“T6UC”) within the East of 101 Mixed Use area of the South San Francisco General Plan. T6UC is the City’s “highest-intensity district” which “supports a transit-oriented vertical mix of uses along transit corridors” with a maximum residential density of 200 dwelling units per acre.
Visible from Highway 101, the Property benefits from immediate access to the freeway, SFO, and the South San Francisco Conference Center.
Located in the path of development, the Property is zoned T6 Urban Core (“T6UC”) within the East of 101 Mixed Use area of the South San Francisco General Plan. T6UC is the City’s “highest-intensity district” which “supports a transit-oriented vertical mix of uses along transit corridors” with a maximum residential density of 200 dwelling units per acre.
Property Facts
| Price | $16,323,720 CAD | Building Size | 102,994 SF |
| Price Per Room | $82,029 CAD | No. Rooms | 199 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.13% | Year Built/Renovated | 1956/1999 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 0.63/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.78 AC | ||
| Zoning | M2000H | ||
| Price | $16,323,720 CAD |
| Price Per Room | $82,029 CAD |
| Sale Type | Investment |
| Cap Rate | 9.13% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.78 AC |
| Building Size | 102,994 SF |
| No. Rooms | 199 |
| No. Stories | 2 |
| Year Built/Renovated | 1956/1999 |
| Tenancy | Single |
| Parking Ratio | 0.63/1,000 SF |
| Corridor | Exterior |
| Zoning | M2000H |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | $155.08 CAD | - |
| Guest Room | 190 | $126.51 CAD | - |
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Property Taxes
| Parcel Number | 015-141-030 | Improvements Assessment | $693,431 CAD |
| Land Assessment | $6,393,200 CAD | Total Assessment | $7,086,631 CAD |
Property Taxes
Parcel Number
015-141-030
Land Assessment
$6,393,200 CAD
Improvements Assessment
$693,431 CAD
Total Assessment
$7,086,631 CAD
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103 Room Hotel For Sale | 326 S Airport Blvd
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