USPrimeLending – Streamlining commercial finance specializing in Bridge Loans, SBA, Hard-Money loans
Price: $2,500,000
Flag: Independent
Rooms: 32
Location: Northwest Houston
Year Built: 2018
Financials: None – Opening doors October 1st 2018
Land Size: 1 Acre
Features: New FF & E, Freeway Viewability, Excellent location, Start business quickly, turnkey, ready for business in 30 days or less.
30 Year Old Hotel is currently being sold for $70,000 per room in Baytown, just 1 Mile vicinity
Nearly 500+ Million is being spent on Plant Expansions. Exxon and Chevron have started their plant expansions in Baytown in 2018. Multiple plants are expanding to keep up with the world wide demand for plastics.
HEB has released the preliminary plans for construction that surrounds this 1 acre lot. When this happens, national tenants will be looking for retail space nearby. It is a great opportunity for an investor to either build & fill, then sell or build a owner occupied business at location. With 60,000+ cars per day and fwy view ability this location is a KING PREMIER LOT, nothing any better at this price point.
| 1 Mi | ||
|---|---|---|
|
Population
|
5,273
|
65,898
|
|
Households
|
1,822
|
23,042
|
|
Average Age
|
35.30
|
35.80
|
|
Median HH Income
|
$82,529
|
$81,884
|
|
Daytime Employees
|
6,122
|
23,337
|
|
Population Growth ’17-’22
|
10.3%
|
10.4%
|
|
Household Growth ’17-’22
|
10.7%
|
10.6%
|
| Collection Street | Cross Street | Traffic Vol | Year | Distance |
|---|---|---|---|---|
|
Spring Cypress Rd
|
Nannette Ln SW
|
39,000
|
2016
|
0.13 mi
|
|
Spring Cypress Rd
|
Bell NE
|
58,483
|
2016
|
0.15 mi
|
|
Spring Cypress Rd
|
Bell SW
|
54,095
|
2010
|
0.19 mi
|
Address: 2006 Katy Mill Blvd
Rooms: 78
Land Size: 1.8 acres
Annual Income: $1.8M
PIP: Completed in last 12 months
Flag: Best Western Plus (Plus is a more upscale compared to normal Best Western)
Built: Year 2009
List Price: $7.5M
Parking: 75+ Cars
Traffic: 125,000+ Cars Per Day (90k on Hwy Daily)
Financials: Available upon request please call Allen at 832-305-7653 for CA
Pocket listing off market currently – no realtor commissions will be paid at this point.
Please do not approach hotel, as it is not owner operated, and do not want to alarm the staff. Thank you in advance.
| Collection Street | Cross Street | Traffic Vol | Year | Distance |
|---|---|---|---|---|
|
Highway Blvd
|
Katyland Dr W
|
20,034
|
2010
|
0.23 mi
|
|
Old Katy Rd
|
Katyland Dr W
|
13,000
|
2016
|
0.23 mi
|
|
Katy Fwy
|
Bass Pro Dr E
|
73,715
|
2010
|
0.30 mi
|
|
I- 10
|
Katy Freeway Svc Rd NE
|
90,000 CARS PER DAY
|
2016
|
0.30 mi
|
|
Katy Fort Bend Rd
|
Katy Fwy N
|
15,598
|
2016
|
0.35 mi
|
Location, Location, Location this is the key to a successful business, this location has a median income of over $110,632 in a one mile radius.
Superb opportunity to buy a flagged hotel with a successful operating business historically. Generating 1M in revenue, in one of the best areas of Houston, will only increase profits according to forecast.
Need address: Call 832-305-7653 for more information
Santa came early here at USPrimeLending… Ho Ho Ho… here are 44 buildings for sale from $99,000 — Now these are mostly Fix-N-Flip commercial properties, but they are a good way to get into commercial investing. Happy Holidays, all though I work everyday, 12 hours a day – 7 days a week – no holidays ! Call me anytime for any assistance.
Buildings Under 500k in Houston Dec 2018
Need Address – Sign commission protection agreement (now you can sign electronically – respond to text with full name & email)
BRING ALL OFFERS on this fairly new La Quinta, that is an REO (Bank Asset). List price 5.5M starting bid 4M. Bring all offers.
The hotel is being offered at $5,500,000 or $82,090 per key. In November 2016, the La Quinta Inn was acquired by the existing lender through foreclosure. Unfortunately, for this reason, historical financial statements for the La Quinta Inn & Suites Tomball are unavailable. The existing underwriting includes actual financials from November 2016 through July 2017 with projections based on industry standard expenses and revenues for similar properties in similar markets. At list price, the La Quinta Inn & Suites Tomball is being offered at 3.55 times the anticipated 2017 year-end room revenue. The CAP rate based off the $5,500,000 list price is 10.67 percent and offers a year-one cash-on-cash return of 30.22 percent.
The existing Property Improvement Plan is estimated to cost a new investor less than $500,000. The Property Improvement Plan along with lender completed items are available by request from agent. Property Overview: The La Quinta Inn is a 67-room, interior corridor hotel, located in Tomball, Texas. The hotel was constructed in 2003 and includes common area amenities such as a year-round outdoor pool and spa, fitness center, barbecue grills, guest laundry facilities, and meeting facilities. The guest rooms also feature a 37 flat screen television, a work desk, microwave, and refrigerators. Additionally, select rooms have pull-out sofas as well.
| 1 Mi | 3 Mi | |
|---|---|---|
|
Population
|
3,193
|
20,578
|
|
Households
|
1,377
|
7,688
|
|
Average Age
|
39.30
|
37.60
|
|
Median HH Income
|
$42,131
|
$59,880
|
|
Daytime Employees
|
9,681
|
17,569
|
|
Population Growth ’17-’22
|
8.8%
|
10.3%
|
|
Household Growth ’17-’22
|
8.3%
|
10.1%
|
Financing commercial real estate and small businesses nationwide - Bridge Loans, Medium Money, Hard Money, Private Lending 
You must be logged in to post a comment.