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Offering MemorandumOffering Memorandum
CASA LINDA MOTELCASA LINDA MOTELCASA LINDA MOTELCASA LINDA MOTEL9509 Folsom Blvd • Sacramento, CA 958279509 Folsom Blvd • Sacramento, CA 95827
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C EN O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's orasbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or anytenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
CASA LINDA MOTELSacramento, CAACT ID ZAA0030123
2
TABLE OF CONTENTS
CASA LINDA MOTEL
SECTION
INVESTMENT OVERVIEW 01Offering SummaryOffering Summary
Regional Map
Local Map
Aerial Photo
FINANCIAL ANALYSIS 02Historical P&L
MARKET COMPARABLES 03MARKET COMPARABLES 03Sales Comparables
3
CASA LINDA MOTEL
INVESTMENT
OVERVIEWOVERVIEW
4
CASA LINDA MOTEL
EXECUTIVE SUMMARYOFFERING SUMMARY
EXECUTIVE SUMMARY
MAJOR EMPLOYERS
VITAL DATA
CURRENT
Price $1,350,000 CAP Rate* 12.96%
100% / EMPLOYER # OF EMPLOYEES
Resource Staffing Group 2,193
Califrnia Govt Operations Agcy 2,000
Region 1 Parole Division 2,000
University Enterprises Inc 1,856
C V S Optical Lab Div 1,600
Down Payment 100% / $1,350,000 Net Operating Income $174,948
Loan Type All Cash *Based on seller’s tax rate.
Price/Room $79,412
Ownership Type Fee Simple
Number of Rooms 17 C V S Optical Lab Div 1,600
Sutter Hlth Scrmnto Sierra Reg 1,265
Dignity Hlth Med Grp-Dominican 1,200
Franklin Templeton Investment 1,200
Enterprise Services LLC 1,015
Delta Dental Plan 1,000
Eskaton Village Care Center 1,000
Number of Rooms 17
Rentable Square Feet 7,708
Number of Buildings 2
Number of Stories 1
Year Built 1954
Lot Size 2 acre(s)Eskaton Village Care Center 1,000
Tetra Tech Ec Inc 1,000
DEMOGRAPHICS
Lot Size 2 acre(s)
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 13,255 107,948 251,342
2010 Census Pop 12,620 102,575 237,265
2018 Estimate HH 5,071 42,713 104,276
2010 Census HH 4,796 40,139 97,238
Median HH Income $67,119 $63,040 $55,418
Per Capita Income $33,269 $35,965 $33,347
Average HH Income $86,591 $90,571 $79,713
#5
CASA LINDA MOTEL
OFFERING SUMMARYINVESTMENT OVERVIEW
The Casa Linda Motel offers a golden opportunity for a development project in a prime location in
Sacramento, California. The 17-room motel sits on two acres of land. The property is located on
INVESTMENT OVERVIEW
high-traffic Folsom Boulevard just one mile away from Highway 50. The property has 150 feet of
frontage on Folsom Boulevard.
The motel offers tremendous upside and an excellent opportunity for a hotel development. It is
located across from government buildings and Light Rail, and is only a few miles away from
INVESTMENT HIGHLIGHTS
Sacramento State University.
17-Room Motel sitting on a two acre land parcel
Shopping, restaurants, public transportation nearby
Prime location on busy Folsom Boulevard with 150 feet of frontage
INVESTMENT HIGHLIGHTS
Prime location on busy Folsom Boulevard with 150 feet of frontage
1-1/2 miles away from Highway 50
Great development potential for a hotel
6
REGIONAL MAP
CASA LINDA MOTEL
7
LOCAL MAP
CASA LINDA MOTEL
8
AERIAL PHOTO
CASA LINDA MOTEL
Excess Developable Land
9
CASA LINDA MOTEL
FINANCIAL
ANALYSISANALYSIS
10
FINANCIAL ANALYSIS
CASA LINDA MOTEL
HISTORICAL P&LHISTORICAL P&L
11
CASA LINDA MOTEL
MARKET
COMPARABLESCOMPARABLES
12
CASA LINDA MOTEL
SALES COMPARABLES MAP
CASA LINDA MOTEL(SUBJECT)
Canterbury Inn
Red Rood Inn
America's Best Value Inn
1
2
3 America's Best Value Inn
The Greens
3
4
13
PROPERTY NAME
MARKETING TEAM
CASA LINDA MOTEL
SALES COMPARABLES
CASA LINDA MOTEL9509 Folsom Blvd, Sacramento, CA, 95827
CANTERBURY INN1900 Canterbury Rd, Sacramento, CA, 95815
RED ROOD INN10800 Olson Dr, Rancho Cordova, CA, 95670
9509 Folsom Blvd, Sacramento, CA, 958271 2
rentpropertyname1 rentpropertyname1 rentpropertyname1
Asking Price $1,350,000
Price/Room $79,412
Price/SF $175.14
Total No. of Rooms 17
Year Built / Renovated 1954
Close of Escrow 3/14/2018
Sale Price $5,600,000
Price/Room $37,333
Price/SF $83.58
Total No. of Rooms 150
Close of Escrow 1/2/2018
Sale Price $7,725,000
Price/Room $53,276
Price/SF $184.72
Total No. of Rooms 145
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1rentpropertyaddress1
Acres 2 Year Built / Renovated 1967
Acres 3.3
Year Built / Renovated 2012
Acres 1.85
14
PROPERTY NAME
MARKETING TEAM
CASA LINDA MOTEL
SALES COMPARABLES
AMERICA'S BEST VALUE INN3425 Orange Grove Ave, North Highlands, CA, 95660
THE GREENS4331 Stockton Blvd, Sacramento, CA, 95820
3 4
rentpropertyname1 rentpropertyname1 rentpropertyname1
Close of Escrow 2/7/2018
Sale Price $6,670,779
Price/Room $46,005
Price/SF $134.03
Total No. of Rooms 145
Close of Escrow 9/26/2017
Sale Price $2,150,000
Price/Room $48,864
Price/SF $131.23
Total No. of Rooms 44
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
Year Built / Renovated 1975
Acres 4
Year Built / Renovated 1952
Acres 1.2
15
ACQUISITION FINANCING
CASA LINDA MOTEL
MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIES Optimum financing solutions
WHY MMCC?CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms.
Optimum financing solutions to enhance value
Our ability to enhance buyer pool by expanding terms.
We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.
buyer pool by expanding finance options
Our ability to enhance seller controlfinancing options.
Our dedicated, knowledgeable experts understand the challenges of financingand work tirelessly to resolve all potential issues to the benefit of our clients.
seller control
• Through buyer qualification support
• Our ability to manage buyers finance expectations
• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings
• By relying on a world class National platform
operatingwithin the firm’s
brokerage offices
$6.24 billion billion total
national volume in 2018
Access to more capital sources than any other firm in the industry
• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file
Closed 1,678 debt and equity
financings in 2018
16