For Sale
$10,750,000

958 El Camino RealSunnyvale, CA 94087

41-key hotel, prime Silicon Valley location.

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • 41-key hotel in Sunnyvale, CA.
  • $129 Average Daily Rate (ADR) and $93 Revenue Per Available Room (RevPAR).
  • Immaculate interior corridor hotel, ideal for tourists.
  • Prime location on El Camino Real, Sunnyvale, with easy access to Bay Area airports and Silicon Valley transportation.
  • Offered for sale for the first time.
  • Financing options available.

Property Details for 958 El Camino Real

Property type
Hospitality properties, Hotels
Square Feet
18,992 SF
Year Built
1991
Buildings
1
Stories
3
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Sunnyvale
County
Santa Clara
State
California
Latitude
37.35219499
Longitude
-122.01109266
958 El Camino Real, Sunnyvale, California

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958 El Camino Real
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