El Rancho Boulder Motel - LoopNet · 2016-03-31 · El Rancho Boulder Motel 725 Nevada Highway...
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Cody Lewis, Realtor ® MBA, University of Michigan 702.810.1993 [email protected] El Rancho Boulder Motel 725 Nevada Highway Boulder City, NV 89005 PROPERTY HIGHLIGHTS : 39 units, including 19 with kitchenettes Excellent location in the beautiful Boulder City Historic District Minutes from Lake Mead, Boulder Dam, golf, and many other desert activities Immaculately maintained Well established policies and operations Consistent occupancy year round Excellent investment yield with steady cash flows 49,223 SF Lot
Transcript of El Rancho Boulder Motel - LoopNet · 2016-03-31 · El Rancho Boulder Motel 725 Nevada Highway...
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
PROPERTY HIGHLIGHTS:
39 units, including 19 with kitchenettes
Excellent location in the beautiful Boulder City Historic District
Minutes from Lake Mead, Boulder Dam, golf, and many other desert activities
Immaculately maintained
Well established policies and operations
Consistent occupancy year round
Excellent investment yield with steady cash flows
49,223 SF Lot
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
SITE
SITE
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
Room Types and Counts:
Room Type
With
Kitchenette
Without
Kitchenette
Total
Count
Avg. SF
per Unit
Total
Rentable SF
1 King - 11 11 310 3,410
2 Queens 18 6 24 416 9,984
2-Room Suite - 3 3 514 1,542
Apartment 1 - 1 540 540
Totals 19 20 39 15,476
Unit Counts Square Footage
Site consists of 1.13 acres (49,223 SF) with total structure area of 17,936 SF and total rentable space of 15,476 SF.
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
ADDITIONAL INFORMATION:
Majority of income from stable, long term contracts with government and utility companies
Total room count 39 units, including 19 kitchenettes; 2 suite-style units; 1 apartment-style unit
Year Built: 1953
Average monthly revenues of approximately $60,000*
Cap Rate of 14%
Market leading motel: upon reaching full capacity and posting “NO VACANCY,” the surrounding motels raise their rates.
* Detailed financials available upon offer acceptance.
Cody Lewis, Realtor ®
MBA, University of Michigan
702.810.1993
El Rancho Boulder Motel725 Nevada HighwayBoulder City, NV 89005
Conditions for Reviewing this Offer Memorandum
This Offer Memorandum (“Memo”) has been provided to you by Lewis Realty Group of Realty One on a limited basis to allow you to determine whether or not you have further interest in the property described herein (“Property”), and your review of this Memo is conditioned upon your agreement to the terms set forth below.
By your receipt and review of this Memo, you agree to hold the content and information contained herein in confidence and not, without prior written authorization from the listing broker or seller, disseminate this Memo or its contents to any other party.
You agree this Memo is for informational purposes only and should not be deemed to contain all of the facts or figures a potential purchaser would consider necessary to determine if the Property is feasible for the purchaser’s desired use. Although the broker and seller of the Property have made a sincere effort to provide accurate financial figures and information, they make no representations or warranties as to its completeness or accuracy and herby provide notice that all information is subject to material change without notice. As is customary, prospective purchasers will be provided the opportunity to perform due diligence to their satisfaction. You agree to not rely solely on this Memo while investigating theProperty.
In the event you determine you no longer have interest in the Property, please return this Memo to the party from whom you received it.
