For Sale · Hospitality

238 Sims AVENUE, Weyburn

238 Sims AVENUE, Weyburn, SK S4H2J8

$3.0M total

36,000 SF

Asset Class

Hospitality

Size

36,000 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$83

Occupancy

93%

Year Built

1994

Lot Size

3.37 ac

About this property

Perfect Inn and Suite in the city of Weyburn, is a prime investment opportunity with 81 guest rooms and 2 bedroom manager suite, 3.37 acre lot and 36,000 sqft building. The city of Weyburn is 116km away from Regina International Airport, growing up with the major infrastructure projects, including highway expansions and the construction of 42 wind turbines. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.98M
Down payment30% · $894K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$194K

Annual cash flow

$29K

Cash-on-cash

3.21%

DSCR

1.17

Going-in cap

6.50%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners33,588 SF2029-10

Area demographics

Trade area within 3 miles of the property.

Population

130,949

Households

55,509

Median income

$111,500

Median age

36.5

Daytime population

168,585

5-yr growth

4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 238 Sims AVENUE, Weyburn.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.