Trophy Hospitality Listing for National Brokerage Firm in Tourist Destination
Oceanside, CA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, exclusively listed a Motel 6 property at an 8 percent cap rate for $25,000,000 (6.25 GRM), located at 3708 Plaza Dr, Oceanside, CA. The hospitality property is exclusively listed by Associate Vice President Mitchell Glasson and Associate Ryan Kawai Sanchez.
The national hotel chain features 137 units on 2.04 acres and is close to several strip malls, restaurants, and healthcare complexes. Offering high visibility and traffic, the property is off major highway Ronald Packard Parkway.
Motel 6 is a top-performing hospitality tenant with nearly three times the national average room revenue. The hospitality sector recovered quickly after the effects of COVID-19, with RevPAR and ADR surpassing 2019 numbers.
“This listing offers a lot of opportunity as hospitality continues to grow in demand and profit,” Glasson said. “The property is in a prime tourist-heavy location, offering investors security and high occupancy.”
Matthews™ hyper-specialization, proprietary database, and client communication won the coastal listing.
“We are excited to utilize our specialization of West Coast hospitality real estate to secure a great deal for our client,” Kawai Sanchez said. “Our national database of active investors will source the perfect buyer for this property who will receive an asset in a tourist-driven neighborhood.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 15 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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