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18630 Beaver Valley Rd

Leavenworth, WA 98826

$5,430,000

Motel For Sale  •  16,928 Sq Ft

Property Details

  • Property Type Motel
  • Total Building Size 16,928 Sq Ft
  • Lot Size 4.31 ac
  • Building Class C
  • Year Built 1996
  • Cap Rate 6.40 %
  • Zoning Rural Commercial Business
0 Transit Score
12 Walk Score

Description

This is a Portfolio Sale of Lodging Business & Self-Storage is in the town Plain, WA.  Located in the Leavenworth, WA area in Chelan County known for year round outdoor recreation.  The 2 businesses and all buildings are sold together on 4.31 acres land zoned Rural Commercial with street frontage, see Ariel photo. One of the main frontage buildings could be converted into a winery-tasting room; prior commercial kitchen once in this buildings. This tax parcel comes with an irrigation right, a community system. Lodging is in 3 buildings: Lodge Main building built in 2010, 17 units and check in office and staff area, Victorian Farmhouse restored in 2010 sleeps 14 with rooms and full kitchen, The Station, 4 units of nightly lodging for a total of 16,928 sq.ft. The Self-Storage is in 5 buildings, 96 units in a total of 26,571 sq. ft. built between 1996-2010 with Arctic insulation and is always full.   The site is SOLD together and WILL NOT be split up. The sales price includes 2 existing businesses, 8 commercial buildings, 1 Barn-personal use only-original with American Flag on visible from road, Gazebo, fountains on a Group A well water system, septic and storm systems.   Valuation for Lodging Business, Buildings & Land $2,984,000 and for the Self-Storage business, 5 buildings is $2,446,000 for a total of $5,430,000 for entire site. The incomes of estimated for 2018 are $350,000: Performa combined in Lodging $200K and storage $150K.  See website links for room and stay details.  One night stays are a push rate, prefer 2 night min.; explains full house rentals and capacities.  All rooms have A/C, satellite TV, coffee/tea pot, mini microwave & refrigerator.  Café in town, many local events in Plain and Leavenworth.  Christmas tree lighting, Autumn Festival.  30 minutes from Stevens Pass -west & Leavenworth town - east. 45 minutes to Wenatchee, WA; 2 hours to Seattle, WA.  **Seller financing maybe consider with solid proof of abilities, 50% down and owner finance at 4.5% amortized over 20 years with payments of $17,182 per month. ($206,188 annual) Balance due in 5 years.

Highlights

2 Business and facilities - Storage Income & Lodging Income, Rural Commercial with possibilities with built out space.
Lodging and rooms are all in new conditions with high quality clean standards-NOI Performa estimated for 2018 $200K+
Self-Storage are in New Like condition - always full - Security camera systems 2018 Performa estimated for 2018 $150K+
Seller financing with 50% down; 4.5% interest with balance due in 5 years
This tax parcel comes with an Irrigation Right, a community system.

Financial Summary

Cap Rate: 6.40 %

Amenities

  • Air Conditioning
  • Conferencing Facility
  • Courtyard
  • Microwave
  • Property Manager on Site
  • Storage Space
  • Kitchen
  • Storage Space
  • Community-Wide WiFi
  • Multi Use Room
  • Smoke Free
  • Workspace

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Eileen Watson 360-297-3264 GB Properties East LLC
Eileen Watson 360-297-3264 GB Properties East LLC