$19,000,000Sold Price
22,814 Sqft
20,037 Sqft

6208 W West Coast Highway, Newport Beach CA 92663

  • Commercial Sale Property Type
  • 1970 Year Built
Property Description

Investment Highlights; Seller Financing available at 5.50% interest only with 50 % LTV. Attractive 7.54% Cash-on-Cash return with seller financing. ProForma CAP Rate of 6.68%. Current CAP Rate of 6.52% / 10-Year Corporate Backed Lease with (2) 5-Year Options to Extend / Recent Capital Improvements Exceeding $225,000+ / Master-leased boutique hotel located in Newport Beach, CA. The hotel offers 47 rooms with a range of amenities. The asset is situated along the Pacific Coast Highway (90,000+ VPD), providing guests with stunning views of the ocean and easy access to the beach. The hotel is in a prime location for exploring Newport Beach, with a variety of shops, restaurants, and attractions located nearby.

Basic Details
Commercial Sale
Comm Ind For Sale
Sold
CRIV23101301
$19,950,000
155
22,814 Sqft
1970
20,037 Sqft
0.46 Acre
Closed
Features
: Elevator
Address Map
CA
Orange
Newport Beach
92663
West Coast Highway
6208
W118° 4' 14''
N33° 37' 1.2''
CV
W
Access through Prospect Street
Additional Info
LE INVESTMENT GROUP
ALBERT LE
albert.le@leinvestmentgroup.com
Sold
Public
For Sale
Price History
12/06/2023
$19,000,000
06/08/2023
$23,000,000
$23,000,000
Listing Information
2023-12-08T21:07:29Z
DARREN CORREA
LE INVESTMENT GROUP
BayEast
CR367483329
CR125759
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    Subhash Kapur
    Realty++
    Lakshmi Suneeta Chinta
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