guesthouse inn & suites- albuquerque, new …...guesthouse inn & suites- albuquerque, new...

Executive [email protected] #14803B

DDaavid Lavid Laneneyy

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

Top 5 Largest Employers Located Within 5 miles.

Value Add Property With New Management.

Close to Newly Built Medical Center.

Appraised in 2013 for $4.5M.

PRESENTED BPRESENTED BYY::

FOR SALE | HOSPITALITY

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

GUESTHOUSE INN & SUITES- ALBUQUERQUE, NEW MEXICO2601 Mulberry Street SE | Albuquerque, NM 87106

GUESTHOUSE INN & SUITES- ALBUQUERQUE, NEW MEXICO | 80 ROOMS | ALBUQUERQUE, NM

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

DISCLAIMER

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used forany other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of theSVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving thesematerials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, andthere can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations orwarranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made availableto the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed anddelivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any oftheir officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochureare advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochureor making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable toOwner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to releasethe Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaserproceeds at its own risk.


TABLE OF CONTENTS

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1. PROPERTY INFORMATION 4

2. LOCATION INFORMATION 8

3. FINANCIAL ANALYSIS 10

4. DEMOGRAPHICS 14

5. ADDITIONAL INFORMATION 17

2601 Mulberry Street SE | Albuquerque, NM 87106

GUESTHOUSE INN & SUITES- ALBUQUERQUE, NEW MEXICOFOR SALE | HOSPITALITY


1 PROPERTY INFORMATION

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 5

PROPERPROPERTTY OY OVERVERVIEWVIEW

GuestHouse Inn and Suites is a hospitality property located in Albuquerque, New Mexico in the Airportmarket. The property consists of 75 Single/Doubles with 5 Suites for a total of 80 doors. The property isthe only hotel the out of state owner owns in New Mexico and wishes to concentrate on otherproperties in his hospitality portfolio.


• Top 5 Largest Employers Located Within 5 miles.

• Value Add Property With New Management.

• Close to Newly Built Medical Center

• Airport Market Property.

• Low PIP to New Owner.

• Appraised in 2013 for $4.5M


SECTION 1 | PROPERTY INFORMATION

Executive Summary

PROPERPROPERTTY SUMMARY SUMMARYYSALE PRICE: $2,850,000

CAP RATE: 8.13%

NOI: $231,676

LOT SIZE: 1.93 Acres

BUILDING SIZE: 39,876 SF

YEAR BUILT: 2001

RENOVATED: 2011

ZONING:SU-1 For Hospitality, Multi-Family,Schools, Day Care, ReligiousFacilities

MARKET: Albuquerque

SUB MARKET: Airport

CROSS STREETS: Gibson Blvd. SE & Mulberry Rd.SE



• Top 5 Largest Metro Employers Located Within 5 miles.

• Value Add Property With New Management.

• Close to New Medical Center.

• Airport Market Property.

• Low PIP to New Owner.

• Appraised in 2013 for $4.5M



Complete Highlights



Property Overview


Construction

Year Built: 2001Number of Stories: 3

Foundation: ConcreteParking Surface: Asphalt

Roof: Gabled

Physical Description

Property Name: GuestHouse Inn & SuitesType of Ownership: Fee Simple

APN: 1-015-055-113465-2-14-03Building Class: B

Zoning: SU-1 for Hospitality, Multi-Family, Schools, DayCare, Religious Facilities

Interior Finish

Walls: GypsumCeilings:

Floor Coverings: Laminate / Carpet




2 LOCATION INFORMATION



SECTION 2 | LOCATION INFORMATION

Location Maps




3 FINANCIAL ANALYSIS


SECTION 3 | FINANCIAL ANALYSIS

Financial Summary


INVESINVESTMENT OTMENT OVERVERVIEWVIEW GUESTHOUSE INN & SUITES

Price $2,850,000Price per Room $35,625RevPAR $28ADR $49CAP Rate 8.1%Cash-on-Cash Return (yr 1) 8.42 %Total Return (yr 1) $152,739Debt Coverage Ratio 1.83

OPERAOPERATING DTING DAATTAA GUESTHOUSE INN & SUITES

Gross Scheduled Income -Other Income -Total Scheduled Income -Vacancy Cost -Gross Income $871,487Operating Expenses $639,811Net Operating Income $231,676Pre-Tax Cash Flow $105,312

FINANCING DFINANCING DAATTAA GUESTHOUSE INN & SUITES

Down Payment $1,250,000Loan Amount $1,995,000Debt Service $126,364Debt Service Monthly $10,530Principal Reduction (yr 1) $47,427

INCINCOME SUMMAROME SUMMARYY GUESGUESTHOUSE INN & SUITESTHOUSE INN & SUITES PER UNITPER UNIT

Room Income $871,487 $10,893.00

GROSS INCOME $871,487 $10,893.00

EXPENSE SUMMAREXPENSE SUMMARYY GUESGUESTHOUSE INN & SUITESTHOUSE INN & SUITES PER UNITPER UNIT

Payroll Expense (6 employees) $328,146 $4,101.00Utilities $84,233 $1,052.00Breakfast Food/Supplies $50,442 $630.00Booking Commissions $35,628 $445.00Property Taxes $46,357 $579.00Franchise Fees $35,628 $445.00Supplies $25,620 $320.00Insurance $22,146 $276.00Repair & Maintenance $16,926 $211.00Telephone/Internet $13,326 $166.00Credit Card Services/ Bank Service Fees $11,177 $139.00Office Supplies / Postage $5,810 $72.00

GROSS EXPENSES $639,811 $7,997.00

NET OPERATING INCOME $231,676 $2,895.00




Income & Expenses



Unit Mix Summary


UNIT TUNIT TYPEYPE CCOUNTOUNT % T% TOOTTALAL SIZE (SIZE (SF)SF) RARACK RACK RATETE DESCRIPTIONDESCRIPTION

Single/Double 75 93.8 $69

Suite 5 6.3 $79

TTootals / Atals / Avvereragesages 8080 100%100% 00




4 DEMOGRAPHICS


SECTION 4 | DEMOGRAPHICS

Demographics Report


3 MILES3 MILES 5 MILES5 MILES 7 MILES7 MILES

Total households 26,783 74,008 138,541

Total persons per hh 2.4 2.4 2.5

Average hh income $43,578 $47,388 $49,956

Average house value $166,061 $186,423 $186,791

3 MILES3 MILES 5 MILES5 MILES 7 MILES7 MILES

Total population 63,205 176,597 343,608

Median age 33.2 34.8 34.3

Median age (male) 32.5 33.5 33.0

Median age (female) 33.7 35.9 35.5

* Demographic data derived from 2010 US Census


* Demographic data derived from 2010 US Census

3 M3 Milesiles 5 M5 Milesiles 7 M7 Milesiles

Total Population 63,205 176,597 343,608

Population Density 2,235 2,249 2,232

Median Age 33.2 34.8 34.3

Median Age (Male) 32.5 33.5 33.0

Median Age (Female) 33.7 35.9 35.5

Total Households 26,783 74,008 138,541

# of Persons Per HH 2.4 2.4 2.5

Average HH Income $43,578 $47,388 $49,956

Average House Value $166,061 $186,423 $186,791


SECTION 4 | DEMOGRAPHICS

Demographics Map




5 ADDITIONAL INFORMATION



SECTION 5 | ADDITIONAL INFORMATION

Additional Photos


SECTION 5 | ADDITIONAL INFORMATION

Advisor Bio & Contact 1


David LaneyExecutive DirectorSVN | RealStar Advisors

David Laney is the Executive Director for SVN/RealStar Advisors, office based in Scottsdale, Arizona. Mr. Laneybrings to the office over 20 years of commercial real estate brokerage and property management experience.Mr. Laney has completed over $155 Million in combined transactions conducted in both of the states of Arizonaand New Mexico.

In addition, early in his career Mr. Laney had been an Asset Manager for Rosemont Realty (10th largest REIT)with its regional headquarters in Santa Fe and Albuquerque, New Mexico.

Mr. Laney provides his clients with the expertise in sales and leasing marketing strategies to create themaximum values for properties in the market. Mr. Laney also assist owners in finding commercial financingwhen necessary by reaching out to various lenders to give further insight and valuations of the properties. Mr.Laney prides himself as a "problem solver," consulting with clients to discover their future personal andbusiness goals in order to create possible exit strategies for the disposition of assets when the timing is rightfor the client.

Mr. Laney's areas of focus include commercial investment properties, with further specialization of selling selfstorage businesses.

He is originally from Tulsa, Oklahoma and attended the University of Oklahoma in Norman.

Mr. Laney is licensed as a Designated Broker in both Arizona and New Mexico.

Phone: 480.719.2496

Email: [email protected]

Memberships & Affiliations

CCIM CandidateArizona Self Storage AssociationNew Mexico Self Storage AssociationTempe Chamber of CommerceScottsdale Chamber of Commerce

AZ #BR629946000

NM #14803B

Fax: 480.648.2396

Cell: 505.286.2060

Address: 10789 N. 90th St.Suite 203Scottsdale, AZ 85260

guesthouse inn & suites- albuquerque, new …...guesthouse inn & suites- albuquerque, new...

Documents