18179-18181 Valley Boulevard
Bloomington, CA
Status:
Sold
Close of Escrow: 12/22/2017
Total Number of Units: 112
Year Built: 1987
Sale Price: $14,700,000
Price per Unit: $131,250
Price per Square Foot: $192.13
CAP Rate: 6.94%
GRM: 7.83
Downpayment: $4,410,00
Net Operating Income: $1,020,733
Rentable Square Feet: 76,510
Lot Size: 4.189 Acres
Unit Type
1Bdr 1Bath
2Bdr 1.5Bath
Motel Studios
1Bdr 1Bath Motel Suites
2Bdr 1.5Motel Suites
Managers Units / SFR
No. of Units
14
56
30
2
8
2
Le Investment Group was proud to represent the Buyer and Seller of the Sierra Crossing Motel & Apartments. The property is located at 18179-18181 Valley Boulevard in Bloomington, situated on a large 4.19 acre lot. This multi-use property is currently operated as a 40 room motel with a separately gated 70 unit apartment community. The motel is composed of 30 standard motel rooms, 2 one bedroom / one bathroom suites, 8 two bedroom / one and a half bathroom suites, and a two bedroom manager’s suite. The apartment community possesses an attractive unit mix of 14 one bedroom / one bathroom units, 56 two bedroom / one and a half bathroom units, and a two bedroom onsite Apartment manager’s house with attached leasing office. The Sierra Crossing apartment tenants are provided with amenities such as secure gated entry, laundry facility, pool, spa, clubhouse, BBQ / social areas, children’s playground, and an onsite security guard from 11:00PM – 7:00 AM 365 days a year.
