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Morada Inn 8062 Garden Grove Blvd

131 Room Hotel Garden Grove, CA 92841 £12,837,662 (£97,997/Room)

Investment Highlights

  • Price Per Key $131,048/key
  • Limited New Construction of Competitive Projects in Immediate Market Area
  • Major Attractions nearby include Rodeo 39 Market, Anaheim Convention Center & Disneyland
  • All Rooms Have Been Recently Renovated Ensuring Updated Interiors
  • Incredible Exposure off Beach Boulevard Exit off 22 Freeway

Executive Summary

For the first time in over 20 years, Kidder Mathews & Boardwalk Real Estate, Inc. are proud to present the sale of the Morada Inn & Suites, located at 8062 Garden Grove Blvd, Garden Grove CA 92844. This well maintained, three story, exterior corridor motel features 124 guest rooms (with an additional 5 rooms for management and ownership) and is independently operated. It is strategically positioned right off Highway 22, at the intersection of Garden Grove Blvd & Beach Blvd providing excellent visibility and accessibility for travelers. Additionally, there is prominent freeway signage at the Beach Blvd exit off of Highway 22, maximizing exposure to the heavy traffic flow in the area. The property features guest rooms, the lobby and check in area, guest laundry, back of house laundry room, staff break rooms, maintenance rooms, and storage rooms.
The Morada Inn has undergone a full renovation completed in 2024, ensuring updated interiors that appeal to both leisure and business guests. The property offers ample parking surrounding the motel, with a secure and gated lot dedicated to employees. The trade area has limited new construction for competitive projects, limiting future competiton. This is a rare opportunity to acquire a well-positioned hospitality asset in a high-demand market. With its recent renovations, strategic locatiion, and proximity to major attrations, the Morada Inn offers tremendous potential for investors looking to capitalize on Southern California's thriving tourism and hospitality industry. Please reach out to listing agents for confidentiality agreement for financials.

Property Facts

Price £12,837,662
Price Per Room £97,997
Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.54 AC
Building Size 19,578 SF
No. Rooms 131
Number of Floors 3
Year Built/Renovated 1971/2023
Tenancy Single
Parking Ratio 5.97/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Convention Hotel
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 131 £68.73 -
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
096-282-15
Land Assessment
£1,965,119
Improvements Assessment
£1,853,842
Total Assessment
£3,818,961

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 33238037

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 8062 Garden Grove Blvd, Garden Grove, CA 92841

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