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Value Add Opportunity - Choice Hotels 2 Hospitality Properties Offered at $20,767,500 CAD in El Cajon, CA
INVESTMENT HIGHLIGHTS
- Stable, cash flowing hospitality asset
- Opportunity to create value by adaptively reusing the improvements for an alternative use.
- Upside potential
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 Two class B hospitality properties totaling 97+ rooms and approximately 38,261 square feet square feet. Both properties are on separate contiguous parcels totaling just over 2 acres. 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 | $20,767,500 CAD | Number of Properties | 2 |
| Price / SF | $542.79 CAD / SF | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 38,261 SF |
| Status | Active | Total Land Area | 2.28 AC |
| Price | $20,767,500 CAD |
| Price / SF | $542.79 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 38,261 SF |
| Total Land Area | 2.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Quality Inn & Suites El Cajon San Diego East
650 N Mollison Ave, El Cajon, CA 92021 |
Hospitality | 19,982 SF | 1963 | $11,006,775 CAD |
|
Clarion Pointe El Cajon San Diego East
855 Sandalwood Dr, El Cajon, CA 92021 |
Hospitality | 18,279 SF | 1963 | $10,922,166 CAD |
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Value Add Opportunity - Choice Hotels
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