7941 Brundage Ln Bakersfield, CA 93307-3053
- Hotels
- 44,779 SF
- 2.17 lot acres
Current Use by Public Records
- Hampton Inn & Suites Bakersfield/Hwy 58, CA / Hotel
Property Details for 7941 Brundage Ln
- Year built
- 2010
- Construction
- WOOD
- Lot size
- 2.17 lot acres
- Property size
- 44,779 SF
- Zone code
- M2
- Property type
- Hotels
- APN
- 173-020-58-00-6
- APU
- 17302058006
Description
This exceptional investment opportunity presents a 94-key Hampton Inn & Suites Bakersfield/Hwy 58, a four-story, 44,779-square-foot hotel built in 2009. Situated on a 2.17-acre lot in Kern County, CA (APN: 173-020-58-00-6), this property boasts a prime suburban location near major transportation arteries. The hotel features a business center, fitness center, meeting/event space (675 sq ft), a pool, and room service, catering to both business and leisure travelers. Financial performance is strong, with a Net Operating Income (NOI) of $1,309,000 and a compelling 7.75% capitalization rate based on an asking price of $16,900,000. The hotel's strong occupancy rate and competitive Average Daily Rate (ADR) contribute to a RevPAR well above average, indicating efficient revenue generation. This Hilton franchise enjoys a consistently high occupancy rate and generates a gross revenue of $3.1 million. The property is zoned M2 and offers a well-maintained, high-performing asset in a growing market, making it an ideal addition to any investment portfolio. This is a principal-only offering.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.916
- Latitude
- 35.3536
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
