oward johnson inn · howard johnson inn is composed of a two-story, wood frame, exterior corridor...
TRANSCRIPT
Exclusive Debt Advisor:DAVID HAMILTON | PRINCIPALD: 858-522-1451 | M: 858-761-6251
DRE #[email protected]
858. 360. 3000 | caacre.com
MIKE [email protected] Lic # 01381193
BRIAN [email protected] Lic # 01814828
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
SOUTHERN CALIFORNIA HOSPITALITY OR REDEVELOPMENT OPPORTUNITY
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
Commercial Asset Advisors, as the exclusive marketing advisor to the Seller, is pleased to present to qualified investors and owner-users, the outstanding opportunity to acquire the Howard Johnson Inn, a 50 room hospitality property with a NNN leased restaurant on site.
Originally built in 1966, ownership has invested over $1,000,000 in renovations since its purchase in 2002. The motel is currently branded as a Howard Johnson Inn with essential amenities that include free WiFi, free parking, free breakfast, guest laundry facilities, and an attractive pool facility. Renovations include new PTAC units, exterior paint, window frames, bathroom fixtures, interior paint, room FF&E, and more.
The subject property is conveniently located with quick access to I-8 and is short distance away from San Diego State University.
The city has an abundance of cultural facilities including Balboa Park, Old Town, and a multitude of theaters, museums and aquariums. The San Diego Harbor and Mission Bay offer residents a wide variety of coastal and water-related activities. Shopping is very accessible and provided by several regional shopping centers and numerous neighborhood centers
THE OFFERING
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
This one of a kind offering allows an investor to acquire an operational hospitality asset with maximum flexibility. A soon to be expiring Ramada Limited Franchise agreement gives the savvy investor or user the ability to reposition the property with an adaptive reuse project, or redevelop the property entirely.
POTENTIAL ADAPTIVE REPOSITIONING USES: -“Rooming House” -Fraternity, Sorority, or Dormitories (with CUP) -Residential Care Facilities (with CUP) -Transitional Housing (with CUP) -Homeless Facilities (including Congregate Meal Facilities, Emergency Day Centers, and Homeless Day Centers (with CUP) -Intermediate Care and Nursing Facilities (With CUP).
ADAPTIVE REUSE/REDEVELOPMENT OPPORTUNITY
PROJECTHoward Johnson Inn6440 El Cajon Blvd.San Diego CA 92115
PROPERTY TYPETwo Story ExteriorCorridor Hotel
PARCEL NUMBER467-350-01-00467-350-02-00
BUILDING SIZE±17,528 SF
LOT SIZE1.30 Acres
YEAR BUILT1966
REMODELED2014
ROOMS50
ZONINGCUPD-CU-2-3
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
PROPERTY DESCRIPTION
Howard Johnson Inn is composed of a two-story, wood frame, exterior corridor motel with a total of 50 rooms. Originally built in 1966, the seller has invested $1,000,000 in renovations since 2014. The motel is equipped with essential amenities that include free WiFi, free parking, free hot breakfast and guest laundry facilities.
Howard Johnson Inn is located on the north side of El Cajon Boulevard and is within the City of San Diego’s College Area submarket. Primary access to the subject property is provided by Interstate 8, a major freeway that crosses the San Diego metro area in an east/west direction. Access to I-8 is provided by 70th St. and El Cajon Blvd.
San Diego State University has a current enrollment of about 35,000 students, which totals around 280 acres in size. Local hotels benefit from lodging demand driven by sports games held at Viejas Arena and concerts held at Cal Coast Credit Union Amphitheater. The campus is only 1.5 miles north of the subject property.
The Howard Johnson is well-situated within easy range of many attractions, including SeaWorld, Mission Bay Park, Balboa Park, beautiful beaches, numerous restaurants, and Valley View Casino Center.
6440 EL CAJON BLVD
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
6440 EL CAJON BLVD
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
NEIGHBORHOOD MAP
COLLEGE AVECOLLEGE AVE
EL CAJON BLVDEL CAJON BLVD
MONTEZUMA RD
MONTEZUMA RD
6440 EL CAJON BLVD
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
PLAT MAP
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
DEMOGRAPHICS
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING
MIKE [email protected] Lic # 01381193
BRIAN [email protected] Lic # 01814828
858. 360. 3000 | caacre.com
This information above was obtained from sources deemed reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject errors, omissions, change of price, rental or other conditions, with-drawal without notice, and to any special listing conditions imposed by our principals. This information is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described herein shall be conducted through Commercial Asset Advisors.
HOWARD JOHNSON INN6440 EL CAJON BLVD., SAN DIEGO CA 92115INVESTMENT OFFERING