7815 N. Mesa (Hotel)

Hospitality for Sale
Catylist Listing ID: 30410611
Property Subtypes: Hotel
Number of Units: 126 Units
Building Size (RSF): 44,252 SF
Gross Building Area: See Agent
Gross Land Area: 2.62 Acres
Sale Price: $3,600,000
Unit Price: $28,571.43 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Name of Establishment: Magnuson Hotel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2019

Overview / Comments

This is a 126 room exterior corridor hotel off Interstate 10 at Mesa intersection, the busiest West, El Paso intersection. This property has come through the 3 year highway construction project and the I-10 Mesa is now open completely without back up.
Formerly a Travelodge flag that has been changed to Magnuson Brand.
Rooms are in good shape and all operational.
Property has 2.62 acres of land with plenty of parking and 11 truck parking as well

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: S99099900200200
Zoning: C-4 SC
Retail Clientele: Family, Traveler
Property Located Between: Mesa St and Resler Dr.
Property Visibility: Good
Largest Nearby Street: Mesa St.
Highway Access: Mesa St access and Interstate 10 fronts subject hotel
Airports: El Paso International Airport
Site Description: West El Paso location next to Village Inn and Starbucks with mutual ingress and egress through these properties.
Area Description: West El Paso at Mesa and I-10 in business district with access to much retail shopping.
Nearby Attractions: West El Paso at Mesa and I-10 with plenty of restaurants and shopping nearby. Retail neighbors are Cracker Barrel, Walmart, Sam's Club, Hobby Lobby, Home Depot, Village Inn, Taco Cabana, Magic Bistro Restaurant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1991
Roof Type: Flat
Construction/Siding: Stucco
Average Occupancy Rate: 65
Water Recreation: Outdoor Pool
Exterior Description: Stucco walls
Total Parking Spaces: 113
Parking Type: Surface
Parking Description: surface parking surrounding hotel as well as large truck parking spaces located on south side of hotel on premise
Passenger Elevators: 1
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial 4 ( allowing heavy commercial uses)
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Access ingress and egress easement
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,597 97,506 140,234
Median Age: 34.46 34.77 34.82
Households: 3,987 33,523 49,961

Contact

Photograph of Listing Agent

Bruce Ponzio

Ponzio Properties LLC
Border CIE Member
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