Gateway Inn at Mt Rainier | 38820 WA-706
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Gateway Inn at Mt Rainier 38820 WA-706
30 Room Hotel Ashford, WA 98304 $5,436,112 CAD ($181,204 CAD/Room) 6.20% Cap Rate
Investment Highlights
- Absolute NNN lease structure with zero landlord responsibilities
- Located 50 ft from the entrance of Mt. Rainier National Park which saw over 2.5M visitors in 2023
- Tenant has operated the property since 1989
- 10 year firm term lease with 3% annual increases
- Year-round lodging available, with an assortment of guest rooms and amenities
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire the sale-leaseback of the Gateway Inn, an absolute NNN leased
investment located at the entrance to Mt. Rainier National Park.
investment located at the entrance to Mt. Rainier National Park.
Property Facts
| Price | $5,436,112 CAD | Lot Size | 2.70 AC |
| Price Per Room | $181,204 CAD | Building Size | 13,367 SF |
| Sale Type | Investment | No. Rooms | 30 |
| Cap Rate | 6.20% | No. Stories | 2 |
| Sale Conditions | Building in Shell Condition | Year Built/Renovated | 1924/1986 |
| Property Type | Hospitality | Parking Ratio | 1.12/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $5,436,112 CAD |
| Price Per Room | $181,204 CAD |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Sale Conditions | Building in Shell Condition |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 13,367 SF |
| No. Rooms | 30 |
| No. Stories | 2 |
| Year Built/Renovated | 1924/1986 |
| Parking Ratio | 1.12/1,000 SF |
| Corridor | Exterior |
Amenities
- On-Site Retail
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $230.37 CAD | - |
| Guest Room | 26 | $195.25 CAD | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 071533-4008 | Improvements Assessment | $1,336,772 CAD |
| Land Assessment | $286,880 CAD | Total Assessment | $1,623,652 CAD |
PROPERTY TAXES
Parcel Number
071533-4008
Land Assessment
$286,880 CAD
Improvements Assessment
$1,336,772 CAD
Total Assessment
$1,623,652 CAD
zoning
| Zoning Code | TC (TC - Tourist Commercial) |
| TC (TC - Tourist Commercial) |
-
David Gellner -
Parker Ksidakis -
Kidder Mathews
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Gateway Inn at Mt Rainier | 38820 WA-706
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.