Contacts
Marcus & Millichap Allred Hotel Group
Property Details
- Property Type Retail
- Additional Rent Contact for pricing
- Date Updated Dec 23, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- 2020 built extended stay hotel with all suite style, large rooms. All rooms are outfitted with modern kitchen appliances and new FF&E
- 11.5% Cap rate / 21.9% Cash on Cash Return on actuals including management an FF&E reserves
- Qualifies for SBA, USDA, and Conventional lending
- Market dominator in occupancy, with room for an experienced operator to maximize ADR
- Guest amenities include full snack bar in lobby, furnished patio, guest laundry, loanable cooking appliances, and a full gym with locker rooms and showers
- Close proximity to Carlsbad National Caverns. Around 500,000 visitors in 2023 - $25M economic benefit to Carlsbad
Getting around
-
43/100
Walk Score ®
-
52/100
Bike Score ®
Location
- City Carlsbad, NM
- Zip Code 88220
Points of Interest
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Chevron
0.50 miles
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Murphy Express
0.93 miles
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Exxon
0.93 miles
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USA Gasoline
0.96 miles
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Southwest LP Gas
1.41 miles
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Valero
1.46 miles
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Shell
1.47 miles
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Shamrock
1.48 miles
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Allsup's
1.59 miles
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Library Parking
0.99 miles
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PD Parking
1.07 miles
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Pizza Hut
0.29 miles
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El Charro
0.34 miles
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Burger King
0.37 miles
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Rosy's Mexican Resaurant
0.38 miles
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Danny's BBQ
0.42 miles
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Sonic
0.45 miles
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Sno To Go
0.48 miles
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La Regia
0.52 miles
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Lucy's
0.55 miles
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Pecos River Cafe
0.75 miles
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La Tienda
0.26 miles
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Walmart Supercenter
0.97 miles
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Albertsons Market
1.65 miles
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Ross
2.01 miles
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Carlsbad Mall
2.70 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.