1/13118 Pacific AVENUE, Kerrobert
118 Pacific AVENUE, Kerrobert, SK S0L1R0
$2.4M total
15,000 SF
Asset Class
Hospitality
Size
15,000 SF
Building class
B
Zoning
CHY — Highway Corridor
$ / SF
$160
Occupancy
97%
Year Built
1982
Lot Size
1.45 ac
About this property
A Rare Opportunity to own this Full-Service Franchise Motel (Motel 6), located in the heart of Kerrobert. The property shows 10/10 and the condition of the property is in a excellent condition, and it is loved by the locals, workers(oil and gas / construction workers) and tourists. The motel presents with total of 30 guest rooms: (7)Single bed rooms, (2)Single Kitchenette rooms, (20) Double bed rooms and (1) Suite Kitchenette suite room, and fully functional Breakfast Area, a Restaurant, a Bar with 8 VLT's. This beautifully renovated and modern motel is located in an 1 acre commercial lot. The front entrance welcomes you with mint condition lobby area with well lit front desk. NEWLY OPENED LIQUOR STORE is another asset to this already nicer motel. The Liquor store just opened in May and it is still in the process of stocking up. Just incredibly well kept property with all functional sources of income is waiting for the new owner. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$11K
Projected NOI
$185K
Annual cash flow
$52K
Cash-on-cash
7.26%
DSCR
1.39
Going-in cap
7.72%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 6,207 SF | 2033-02 |
| Blue Harbour Design | 3,567 SF | 2033-02 |
| Blue Harbour Design | 2,044 SF | 2033-02 |
| Blue Harbour Design | 2,702 SF | 2033-02 |
Area demographics
Trade area within 3 miles of the property.
Population
91,878
Households
32,029
Median income
$87,500
Median age
42.1
Daytime population
148,654
5-yr growth
1.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 118 Pacific AVENUE, Kerrobert.
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.