958 El Camino Real Sunnyvale, CA 94087
- Hospitality properties
- 18,992 SF
- 0.52 lot acres
Current Use by Public Records
- Friendship Inn / Hotel
- Pamper Space / Nail Salon
- PMP Nails & Spa / Nail Salon / Beauty Salon
Property Details for 958 El Camino Real
- Year built
- 1991
- Lot size
- 0.52 lot acres
- Property size
- 18,992 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 41-key hotel, the Friendship Inn, presents a compelling investment opportunity in Sunnyvale, California. Located at 958 E El Camino Real, this three-story, 18,992 square foot property sits on a 0.52-acre lot and boasts an impressive 6.31% cap rate, with a NOI of $678,344. Built in 1991, the hotel features an immaculate interior corridor design, specifically appealing to travelers from the Pacific Rim. The asking price is $10,750,000, translating to $262,195 per key and $566 per square foot. The property includes 19 parking spaces and offers convenient access to major Bay Area airports and Silicon Valley transportation hubs. Currently operating at 72% occupancy, this boutique hotel presents a rare opportunity to acquire a well-maintained asset in a thriving market. The property is being offered for sale for the first time. Financing options may be available. The APN is 313-02-034. This is a fee-simple ownership opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sunnyvale
- County
- Santa Clara
- State
- California
- Longitude
- -122.011
- Latitude
- 37.3522
