100 Forest Service Land, Cascade, WA
Hotel for Sale - $4,000,000 - 11,400 Sq. Ft.
Property Info
| CIMLS# | 716400 |
| Location 100 Forest Service Land Cascade WA 98000 | |
| Updated | April 27th, 2015 |
| Type | Hotel |
| Price | $4,000,000 |
| Building | 11,400 Sq. Ft. |
Property Description
9.8%Cap
17.6% Cash ROI
AAA 3-Diamond Resort
Recently renovated
22 USFS permitted Acres
3.3x Gross Revenue
Description:
20+ Keys, Upscale Washington select service resort with excellent year round recreation and ski area proximity in the Cascade Range in Northwest Washington.. An hour from SEA-TAC and Seattle Metro. Trip Advisor Certificate of Excellence, AAA 3-Diamond, T+L acclaim and numerous other guidebook recommendations. 3.3x Gross. 9.8% Cap Rate on 2013 Actuals. 17.6% Cash ROI with 25% down at current commercial mortgage rates. Several Hundred Thousand in recent upgrades and capital improvements. Forest Service Use Permit for land. Strictly confidential
Financials
Net Operating Income: 391,330