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Two Motel Portfolio Barstow, CA Offering Memorandum

Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

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Page 1: Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

Two Motel Portfolio Barstow, CA

Offering Memorandum

Page 2: Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

2

800 West Main Street and 860 West Main Street, Barstow, CA

OFFERING PRICE

$1,290,000CAP RATE

7.39%VITAL DATA

Price $1,290,000

Cap Price 7.39%

Price/Room $27,446

Gross Square Feet 15,298 SF

Two Motel Port fol io - Barstow, CAT o p p e r M o t e l & S u n s e t I n n

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Page 3: Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

INVESTMENT HIGHLIGHTS

RainbowCampPendleton

North

Borrego Springs

Oceanside

Bonsall

HiddenMeadows

CampPendleton

South

Valley Center

Escondido

SanMarcos

Vista

San Diego

Encinitas

Poway

Ramona

Julian

San DiegoCountry Es

Solana Beach

Del Mar

Santee Lakeside

Alpine PineValley

HarbisonCanyon

Jamul

Coronado

Bonita

Spring Valley

ImperialBeach

DE LUZ RD

SANDIA CREEK DR

PALA TEMECULA RD

RANCHO HEIGHTS RD

CRISTIA

NITOS R

D

SAN MATEO RD

8TH ST

RICE CANYON RD

BASILONE RD

S EL

CAM

INO

REA

L

E MISSION RD

E LIVE OAK

PARK RD

N STAGE COACH LN

CHIHUAHUA VALLEY RD

W MISSION RD

W MISSION RD

S MISSION RD

S M

AIN

ST S LIVE OAK PARK RD

W FALLBROOK ST

RECHE RD

WILT RD

PALA RD

FALLBROOK RD

LILA

C RD

GIRD RD

CANFIELD RD

OLIVE HILL RD

OLI

VE H

ILL

RD

ADAMS DR

COUSER CANYON RD

LAKETREE DR

LAS PULG

AS CANYON RD

PAUMA RESERVATION RD

SAGE

RD

VANDERGRIFT BLVD

BURMA RD

SLEE

PING

INDI

AN R

D

COLE

GRA

DE R

D

EAST GRADE RD

BORREGO-SALTON SEA WAY

S GRADE RD

S GRADE RD

HENDERSON CANYON RD

EL CAMINO REAL

EL CAMINO REAL

EL C

AMIN

O R

EAL

BORREGO

SPRINGS RD

W LILAC RD

PEGLEG RD

STUART MESA RD

MISSION RD BORREGO

VALLEY RD

VALLEY CENTER RD

VALLEY CENTER RD

OLD RIVER RD

VANDEGRIFT BLVD

DOUGLAS D

R

CIRCLE R DR

N RIVER RD

KARI LN

PALM CANYON DR

OLD CASTLE RD

E VISTA WAY

MISSION AVE

GOPHER CANYON RD

MONTEZUMA VALLEY RD

COLLEGE BLVD

COLLEGE BLVD

MONTE

ZUM

A BO

RREG

O HW

Y

N SANTA FE AVE

MESA DR

OSBORNE ST

N EL CAMINO

REAL

MELROSE DR

W TW

IN O

AKS VALLEY RD

MO

UNTAIN MEADO

W RD

SAN FELIPE RD

LAKE WO

HLFORD RD

TEMPLE HEIGHTS DR

OCEANSIDE BLVD

W BOBIER DR

RANGO WAY

N MELRO

SE DR

YAQUI PASS RD

FOOTHILL DR HIGH VISTA DR

WOODS VALLEY RD

S SANTA FE AVE

DEER SPRINGS RD

S COAST HWY

CENTRE CITY PKWY

BUENA CREEK RD

JESMOND DENE RD

LAKE BLVD

BLACK CANYON RD

ROBELINI DR

ELM AVE

SYCAMORE AVE

HIGHLAND DR

HIGHLAND DR

CARLSBAD BLVD

N BROADW

AY

TAMARACK AVE

RINCON AVE

N ASH ST

E VAL

LEY

PKW

Y

BORDEN RD

CITRUS AVE

LINCOLN AVE

E WASHINGTON AVE

BUSINESS

PARK DR

NORTE PKWY

S RANCHO

SANTA FE RD

BEAR

VALL

EY P

KWY

BOUG

HER

RD

NORDAHL R

D

PARK DR

TWIN

OAK

S VAL

LEY

RD

CITR

US A

VE

E BARHAM DR

OAK HILL DR

MIDW

AY DR

PALOMAR AIRPORT RD

VINEYARD AVE

N DATE ST

COUN

TRY

CLUB

DR

WASHINGTON AVE

S ESCONDIDO BLVD

W 5TH AVE

W 9TH AVE

ALGA RD

HARMONY GROVE RD

CENTRE CITY PKWY

EL FU

ERTE

ST

17TH AVE

POINSETTIA LN

ENCINO DR

RANCH

O SANTA

FE RD

QUESTHAVEN RD

WYNOLA RD

DEL D

IOS H

WY

FELICITA RD

ELFIN FOREST RD

GR S OVERLAND

SAN PASQUAL R

D

FARMER RD

OLD PASQUAL RD

W VIARANCHOPKWY

BANDY CANYON RD

LA COSTA AVE

MAIN ST

MAIN ST

MAIN ST

PINE HILLS RD

PILE ST

MAG

NOLI

A AV

E

MAGNO

LIA AVEHIGHLANDVALLEY RD

W HAVERFORD RD

ELM

ST

WILLOWSPRING DR N

POMERADO RD

EAGLE PEAK RD

1ST ST

EL CAMINO DEL NORTEENCINITAS BLVD

7TH ST

3RD ST

BOULDER CREEK RD

10TH ST

MONTECITO RD

PASEO DEL

VERANO NORTE

VIA D

E FORT

UNA

SANTA FE DR

VISTA RAMONA RD

SAN VICENTE RD

RAMO

NA ST

SAN ELIJO AVE

ASHLEY RD

VIA DE L

A VALL

E

ARCHIE MOORE RD

LA N

ORIA

RANCHO BERNARDO RD

JULIA

N RDPASEO DELICIAS

BLACK MO

UNTAIN RD

BLACK MOUNTAIN RD

LINEA

DEL

CIELO

CAM

INO

SAN

BER

NARD

O

ESPOLA RD

GUNN STAG

E RDWARNOCK DR

BERNARDO

HEIGHTS PKWY

DYE RD

SUNRISE HWY

CAMINO DEL NORTE MUSSEY GRADE

RAMONA OAKS RD

SAN DIEGUITO

RD

LOMAS SANTA FE DR

WILD

CAT

CANYO

N RD

PENA

SQUI

TOS

DR

TWIN PEAKS RD

GREAT SOUTHERN OVERLAND STAGEPOWAY RD

OLD

CO

MM

UNIT

Y RD

COM

MUNITY RD

SABR

ESP

RING

SPK

WY

SUNDANCE A

VE

LANSDALE DR

ABING AVE

CARMEL VALLEY RD

CARMEL

VALLEY RD

PARK VILLAGE RD

OLD

PO

MER

ADO

RD

MERCY RD

SCRIPPS POWAY PKWY

SPRING CANYON RD

CAMINO

RUIZ

MIRA MESA BLVDSORRENTO VALLEY BLVD

SCRI

PPS

RANC

H BL

VD

N TO

RREY

PIN

ES R

D

MIRAMAR RD

GENESEE AVE

MANZANITA

RD

MIRAMAR WAY

PINEHURST DR

OAKCREEK DR

REGENTS RD

N MAGNO

LIA AVE

OAKGROVE DR

QUAIL CANYON RD

VIEJA

S GRADE R

D

BLOSS

OM VALL

EY RD

SWEENEY PASS RD

RIVERSIDE DR

CHANNEL RD

LAKE JENNINGSPARK RD

OLD VIEJAS GRADE RD

JULIAN AVE

VIEJAS BLVD

FLINN SPRINGS RD

WIN

TER

GARD

ENS

BLVD

ALPINE BLVD

OLD HIGHWAY 80

LOS COCHES RD

MAST BLVD

CUYA

MAC

A ST

N VICTORIA DR

MISSION GEORGE RD

VICTORIAPARK TER

CARLTON OAKS DRWILLOWS RD

PORTOBELO DR

HARBISON CANYON RD

JAPA

TUL R

D

SANTO RD

TAVERN RD

RUFFIN RD

MISSION GORGE RD

CONV

OY S

T

MESA RDCLAIREMONT MESA BLVD

PROSPECT AVE

PEPPER DR

TIERRASANTA BLVD

MCCAIN VALLEY RD

FRANCES DRW BRADLEY AVE

N MO

LLISON AVE

JACKSON DR

LA CRESTA RDGREENFIELD DR

AERO DR

BEAGLE ST DEHESA RD

FLETCHER PKWY

BROADWAY

BROADWAY

E BROADWAY ST

MIS

SIO

N BL

VD

NAVAJO RD

PRINCESS VIEW DR

GRAND AVE

LAKE M

URRAY BLVD

E MADISON AVE

MISSION VILLAGE DR

GRANITE HILLS DR

W MAIN ST

S 1ST ST

JAMACHA RD

EL CAJON BLVD

ZION AVE

COLLEGE AVE

TRAV

ELO

DGE

DR

AMAYA DR

BALTIMORE DR

VISTA GRANDE RD

AVOCADO

BLVD

WILLOW GLE

N DR

CHASE AVE

FUERTE DRMIS

SION

CEN

TER

RD

70TH ST

MONTEZUMA RD

W MISSION BAY DR

SPRING ST

SEA WORLD DR

TEXAS ST

UNIVERSITY AVE

ROLANDO

BLVD

LYONS VALLEY RD

HILLSDALE RD

30TH ST

BUCKMAN

SPRINGS RD

54TH

ST

43RD ST

EUCLID AVE

EUCLID AVE

MASSACHUSETTS AVE

W POINT LOMA BLVD

NIMITZ BLVD

BACON ST

FURY LNFORT STOCKTON DR

W UNIVERSITY AVE

4TH AVE

1ST AVE

S BARCELONA ST

LYTTON ST

SWEETWATER RD

SWEETW

ATER RD

NARRAGANSETT AVE

CATA

LINA

BLV

D

COLLEGE GROVE DR

SKYLINE DR

PALM ST

LAUREL ST

JAMACHA BLV

D

N HARBOR DR

LA POSTA RD

CARDIFF ST

F ST

G ST

LISBON STS 28TH ST

CRESTWOOD RD

CHURCHWARD ST

PARADISE VALLEY RD

ALAM

EDA

BLVD

S BAY PKWY

PALM AVE

ORANGE AVE

LOGAN AVE

ROSE

CRAN

S BL

VD

DIVISION ST

POM

ONA

AVE

OAK DR

E 8TH ST

OCEAN BLVD

ALLEGHANY ST

LAKE MORENA

DR

BONITA RD

CORRAL CANYON RD

TIDELANDS AVE

OTAY LAKES RD

W 19TH ST

E 24TH ST

RED DR

2ND AVE

E ST

E H ST

HILLTOP DR

H ST

TELEGRAPH CANYON RD

MAR

INA

PKW

Y

POTRERO VALLEY RD

J ST

OLEANDER AVE

NAPLES ST

HARRIS

RANCH RD

BEE CANYON RD

PALOMAR ST

HOLLISTER ST

BEYE

R W

AY

TECATE RD

SATURN BLVD

SEACOAST DR

IMPERIAL BEACH BLVD

HERITAGE RD

LEON AVETOCAYO AVE

MONUMENT RD

JULIA

N RD

JULIAN RD

40TH ST

CAMPO RD

CAMPO RD

VISTA WAY

CAMPO RD

PACIFIC HWY

ALPHA ST

S BAY PKWY

SeaWorld

San Diego Zoo

San Diego WildAnimal Park

NavalTrain Ctr

San Diego

78

78

56

56

67

52

125

94

75

54

905

7878

78

78

94

94

94

94

79

79

79

79

79

76

76

76

76

52

67

67

101

75

75

905

76

79

52

58

8805

805

15

5

5

15

5

5

15

8

8

8

► Increasing Revenue Growth Year on Year

► Operational Upside for Hands-on Operator

► Growing Market

► Financing Available to Qualified Buyers

► Ideal Owner Operator

► Three-Bedroom, Two-Bathroom Management Suite on Site

► Two Separate Motels for Monthly and Daily Guests

MARKET DRIVERS► Midway from Los Angles and Las Vegas

► Barstow Serves More Than 60 Million Travelers Each Year

► Major Transportation Center for the Inland Empire

► Tanger Outlets and Barstow Outlet - Over 100 Outlet Stores

► Tourist Attractions -Route 66, Goldstone Deep Space CommunicationComplex, Calico Early Man Archaeological Site, and Much More

► New 82,500 Square Feet Community Hospital, Several NewResidential Development and Proposed Casino and Resort

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Page 4: Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

4

STUDIO CITY UNIVERSAL CITY

HOLLYWOODHILLS

HOLLYWOODHEIGHTS

HOLLYWOOD

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Page 5: Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

5

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Page 6: Offering Memorandum€¦ · Offering Memorandum. 2 800 West Main Street and 860 West Main Street, Barstow, CA OFFERING PRICE $1,290,000 CAP RATE 7.39% VITAL DATA Price $1,290,000

TOPPER MOTEL & SUNSET INN