CAPITAL HOTEL - LoopNet...CAPITAL HOTEL Christopher K. Drake Associate SACRAMENTO OFFICE Tel: (916)...
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EXCLUSIVE MIXED-USE OFFERING 601 Main Street, Woodland, CA 95695 CAPITAL HOTEL Christopher K. Drake Associate SACRAMENTO OFFICE Tel: (916) 724-1344 Cel: (916) 996-5498 [email protected] License: CA 01963228 Russ Moroz First Vice President Investments SACRAMENTO OFFICE Tel: (916) 724-1310 Cel: (916) 447-0723 [email protected] License: CA 01807787 Exclusively Listed By: Marcus & Millichap has been selected to exclusively market for sale the Capital Hotel located in Woodland, California. The offering presents a rare opportunity to acquire a fully-leased historic mixed-use building located on the signalized corner of First Street and Main Street in dynamic Downtown Woodland. The building consists of 15,596 square feet and was originally built in 1869 as Woodland’s very first hotel. The property was completely redesigned as a mixed-use building and extensively and painstakingly renovated in 2009 (including seismic retrofitting), which received several historical preservation and design awards. The building is comprised of ground-floor retail, second floor office, and third floor apartments, providing a true “live-work-play” atmosphere. The ground floor retail is occupied by “The Burger Saloon,” a well-known burger and craft beer restaurant that remains one of Woodland’s most popular restaurants and features a guest bar, conventional table seating, banquet room for large parties, as well as popular patio seating overlooking Main Street in Downtown Woodland. The second floor is occupied by Pacific Evaluations, a leading medical review and evaluation service company. The third floor is comprised of five gorgeous and highly-desirable loft-style apartment units with upgraded appliances, exposed brick façade, and central heating and air. The property has an entrance from Main Street for the restaurant and office tenants, as well as a separate entrance for the residents in the back of the property. The primary entrance on Main Street leads to a winding and open staircase that showcases the historic elements and detail places of Woodland’s history and pioneering historical hotel. The Seller installed a new TPO roof and the elevator system was added as part of accessibility upgrades during renovation. Other features include an electrical room, large basement for storage, full restaurant kitchen, separate ground floor storage room currently leased by the Burger Saloon. The property includes a parking lot in the back for the exclusive use of the residents of the apartments. The offering presents a truly unique opportunity to own a true Pride of Ownership asset with a rich history, irreplaceable location on “First & Main” and very attractive in-place cash flow. The asset will remain a true gem for generations to come and will continue to benefit from the area’s growing popularity and desirability. INVESTMENT OVERVIEW CAPITAL HOTEL // EXECUTIVE SUMMARY
Transcript of CAPITAL HOTEL - LoopNet...CAPITAL HOTEL Christopher K. Drake Associate SACRAMENTO OFFICE Tel: (916)...
EXCLUSIVE MIXED-USE OFFERING
601 Main Street, Woodland, CA 95695
CAPITAL HOTEL
Christopher K. DrakeAssociateSACRAMENTO OFFICETel: (916) 724-1344Cel: (916) [email protected] License: CA 01963228
Russ MorozFirst Vice President InvestmentsSACRAMENTO OFFICETel: (916) 724-1310Cel: (916) [email protected] License: CA 01807787
Exclusively Listed By:
Marcus & Millichap has been selected to exclusively market for sale the Capital Hotel located in Woodland,
California. The offering presents a rare opportunity to acquire a fully-leased historic mixed-use building located
on the signalized corner of First Street and Main Street in dynamic Downtown Woodland. The building consists
of 15,596 square feet and was originally built in 1869 as Woodland’s very first hotel.
The property was completely redesigned as a mixed-use building and extensively and painstakingly renovated
in 2009 (including seismic retrofitting), which received several historical preservation and design awards. The
building is comprised of ground-floor retail, second floor office, and third floor apartments, providing a true
“live-work-play” atmosphere. The ground floor retail is occupied by “The Burger Saloon,” a well-known burger
and craft beer restaurant that remains one of Woodland’s most popular restaurants and features a guest bar,
conventional table seating, banquet room for large parties, as well as popular patio seating overlooking Main
Street in Downtown Woodland. The second floor is occupied by Pacific Evaluations, a leading medical review
and evaluation service company. The third floor is comprised of five gorgeous and highly-desirable loft-style
apartment units with upgraded appliances, exposed brick façade, and central heating and air.
The property has an entrance from Main Street for the restaurant and office tenants, as well as a separate
entrance for the residents in the back of the property. The primary entrance on Main Street leads to a winding
and open staircase that showcases the historic elements and detail places of Woodland’s history and pioneering
historical hotel. The Seller installed a new TPO roof and the elevator system was added as part of accessibility
upgrades during renovation. Other features include an electrical room, large basement for storage, full restaurant
kitchen, separate ground floor storage room currently leased by the Burger Saloon. The property includes a
parking lot in the back for the exclusive use of the residents of the apartments.
The offering presents a truly unique opportunity to own a true Pride of Ownership asset with a rich history,
irreplaceable location on “First & Main” and very attractive in-place cash flow. The asset will remain a true gem
for generations to come and will continue to benefit from the area’s growing popularity and desirability.
INVESTMENT OVERVIEW
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INVESTMENT HIGHLIGHTS ► Completely Remodeled 100-Percent Leased Historic
Mixed-Use Building
► Located on “First & Main,” a Signalized Corner in the Heart of Downtown Woodland
► Leased to a Mix of Highly Successful Tenants with Track Record at Property
► Third-Floor Apartments Were Designed as Exceptionally Desirable “Loft-Style” Units
► Building Originally Built as First Hotel in Woodland in 1869 – Redeveloped from the Ground Up
► Trophy Pride-of-Ownership Asset with Great In-Place Cashflow and Future Potential for Rental Growth
► Located within an Opportunity Zone
INVESTMENT SUMMARY
Price $2,350,000
Cap Rate 6.26%
Down Payment 30% / $705,000
Gross Square Feet 15,596 SF
Lot Size 0.36 AC
