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16526 Aurora Ave NShoreline, WA 98133
Maywood Motel
Asset ClassHotel & Hospitality
# Keys22
Deal Size: $2.3 MCap Rate: 10%# Keys: 22Access Data Room
Seller Financing Available - Value-Add Opportunity
overview of deal

Overview

The Maywood Motel (the “Property”) presents a compelling value-add investment opportunity for experienced hospitality operators and investors.

 

The Property has historically demonstrated a strong operating history. It is currently vacant but can be put back into operation with new capital investment.

 

Strategically located at 165th Avenue & Aurora (I-99), the Property benefits from immediate access to the greater Seattle metropolitan area while offering the business-friendly environment and comparatively lower tax burden of the City of Shoreline.

 

The Property’s 0.51-acre site is zoned Mixed Business (MB), providing flexibility for continued hospitality use while also presenting potential future redevelopment opportunities.

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Investment Highlights

# Keys
22
Cap Rate
10%

Seller financing available for qualified borrowers at 75% LTV with 2-year term and 8.0% rate, interest-only.

Deal Assumptions Summary

Pro Forma Assumption
Stabilized Occupancy:
60%
Projected Average Daily Rate (ADR):
$110
RevPAR
$66
OpEx Ratio %
55%
Est. Stabilized Year 1 NOI
$245,646
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16526 Aurora Ave NShoreline, WA 98133
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