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KW COMMERCIAL2230 Corporate Circle,Suite 250Henderson , NV 89074
GARY BATESDirector0: [email protected] #S.0062856
KIM K. HENRYDirectorO: [email protected] #BS.0144445
MICHELLE BUSHO: [email protected]
BV Motel - Searchlight Nevada - 15 Rooms
OFFERING MEMORANDUM
PRESENTED BY:
SEARCHLIGHT, NV 89046, NV
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 2
KW COMMERCIAL2230 Corporate Circle,Suite 250Henderson , NV 89074
Confidentiality & Disclaimer
GARY BATESDirector0: [email protected] #S.0062856
KIM K. HENRYDirectorO: [email protected] #BS.0144445
MICHELLE BUSH
O: 702.762.8046
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
OFFERING MEMORANDUM
PRESENTED BY:
SEARCHLIGHT, NV 89046, NV
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DETAILS
1PROPERTY INFORMATIONBV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 4
OFFERING SUMMARY
SALE PRICE: $399,999
CAP RATE: 10.41%
NOI: $41,622
LOT SIZE: 0.51 Acres
YEAR BUILT: 1942
BUILDING SIZE: 4,818 SF
ZONING:General Commercial
(C-2)
MARKET: Motel
SUBMARKET:Commercial
Development
PRICE / SF: $83.02
PROPERTY OVERVIEWGreat investment property with high cap rate or owner/operator opportunity.Located in Searchlight, Nevada. Fifteen units plus manager's unit - could besixteen units. Located one block from busy US Hwy 95.
Searchlight Nevada is conveniently located between Las Vegas and Laughlin inSouthern Nevada.
Recent development in the area: a Canadian company is moving ahead with plansto reopen a gold mine in the heart of California’s Castle Mountains NationalMonument, just across the state line from Searchlight. (as reported in the ReviewJournal on April 25, 2019.)
Things to do in and around Searchlight Nevada:Nelson's Landing on the Colorado River / Nelson's Beach & Ghost TownWee Thump Joshua Tree Wildness // Searchlight Historical MuseumMojave National Preserve // Kelso Dunes // Christmas Tree Pass
PROPERTY HIGHLIGHTS• roof replaced approx 8 years ago; units refurbished over the last several years;
laundry for manger to wash bedding, etc.
• additional photos available upon request
Executive Summary
BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 5
SALE PRICE $399,999
LOCATION INFORMATION
Building Name BV Motel - Searchlight Nevada - 15 Rooms
Street Address 115 W Gaviland Street
City, State, Zip Searchlight, NV 89046, NV 89046
County/Township Clark
Market Motel
Submarket Commercial Development
BUILDING INFORMATION
Building Size 4,818 SF
NOI $41,622
Cap Rate 10.41%
Price / SF $83.02
Year Built 1942
Number Of Floors 1
Load Factor Yes
PROPERTY DETAILS
Property Type Hospitality
Property Subtype Select Service
Zoning General Commercial (C-2)
Lot Size 0.51 Acres
APN# 243-35-310-097
Submarket Commercial Development
Property Details
BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATIONBV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 7
BV Motel - SearchlightNevada - 15 Rooms
Regional Map
BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 8
Location Maps
BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 9
BV Motel - SearchlightNevada - 15 Rooms
Aerial Map
BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS 2 | LOCATION INFORMATION
FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
FINANCIAL SUMMARY
3FINANCIAL ANALYSISBV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 11
INVESTMENT OVERVIEW BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS
Price $399,999
Price per Room $26,666
CAP Rate 10.4%
OPERATING DATA BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS
Gross Income $86,900
Operating Expenses $45,278
Net Operating Income $41,622
Financial Summary
BV MOTEL - SEARCHLIGHT NEVADA - 15 ROOMS 3 | FINANCIAL ANALYSIS
