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Quality Inn & Suites El Cajon San Diego East 650 N Mollison Ave 50 Room Hotel El Cajon, CA 92021 $11,006,775 CAD ($220,136 CAD/Room)
EXECUTIVE SUMMARY
Commercial Asset Advisors, as the exclusive marketing advisor to the Seller, is pleased to present to qualified investors and owner-users, the outstanding opportunity to acquire one or two class B hospitality properties totaling 47-97+ rooms. Both properties are on separate contiguous parcels totaling just over 2 acres, together comprised of approximately 38,261 square feet. Originally built in 1977 and 1989 respectively, ownership has invested significantly in renovations during its operations. The hotels are currently branded as Clarion Pointe and Quality Inn & Suites with essential amenities that include free WiFi, free parking, free hot breakfast, guest laundry facilities, a fitness center, a business center, an on-site marketplace, and an outdoor pool and hot tub facility. These spacious modern suites include a refrigerator, flat-screen TV, and stone-tiled bathrooms. Select suites have fully equipped kitchens with a stove-top and an oven, hot tubs, and a seating area with a sofa. The subject property is located in El Cajon with convenient Interstate 8 freeway access, this location offers guests easy access to the multitude of tourist attractions San Diego and East County have to offer. 20 minutes from downtown San Diego, and a short drive to Sycuan Casino Resort, San Diego State University, Lake Jennings, and local regional parks.
PROPERTY FACTS
| Price | $11,006,775 CAD | Building Size | 19,982 SF |
| Price Per Room | $220,136 CAD | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1963/2019 |
| Property Subtype | Hotel | Parking Ratio | 3.15/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 1.75 AC | ||
| Zoning | C-G | ||
| Price | $11,006,775 CAD |
| Price Per Room | $220,136 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.75 AC |
| Building Size | 19,982 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2019 |
| Parking Ratio | 3.15/1,000 SF |
| Corridor | Exterior |
| Zoning | C-G |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $197.98 CAD | - |
| Guest Room | 48 | $164.76 CAD | - |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 484-321-09 | Improvements Assessment | $3,166,023 CAD |
| Land Assessment | $3,453,843 CAD | Total Assessment | $6,619,866 CAD |
PROPERTY TAXES
Parcel Number
484-321-09
Land Assessment
$3,453,843 CAD
Improvements Assessment
$3,166,023 CAD
Total Assessment
$6,619,866 CAD
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Quality Inn & Suites El Cajon San Diego East | 650 N Mollison Ave
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