Listing ID: 119663 Property Name: Motel  Location:   Las Vegas, NV Parcel Number: T,R,S:   Last Updated: 7/26/2004 Status: CURRENT  Categories: Lodging and Hospitality   Price: $8,100,000 Cap Rate: 9.45 Building SF: 44,805 # of Units: 87 Year Built: 2001 Built Yet: Yes

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Newly franchised hotel located in northeast Las Vegas (formally Hampton Inn). Average occupancy 60.4% and ADR of $62.00+. Excellent upside and superb location across from Nellis AFB and near Las Vegas Speedway. All offers considered. Additional land for restaurant also available.

Land Size: 64,469 sf # of Buildings: 1 # of Units: 87 Stories: 3 Building SF: 44,805 Sprinklers: no Pool: yes Spa: yes Laundry Room: yes Owner Present: no

List Price: 8,100,000 $/Acre: 5,472,956 $/Land SF: 125.64 Cap Rate: 9.45 Down Payment: 2,350,000 Terms: CTEL Exchange: no Investment: yes NNN: no Sched Gross: 1,574,118 Effective Gross: 1,574,118 Op Expenses: 808,918 Cash Flow: 765,200

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