HOTEL AURA 510.290.0001 TIMSETIA1@GMAIL.COM TIM SETIAWAN BROKER ASSOCIATE | DRE# 01981909 BROKER‘S OPINION OF VALUE 190 EL CAMINO REAL SAN BRUNO, CA 94080 KW Commercial - Oakland DRE#: 02029039 190 EL CAMINO REAL
TIM SETIAWAN
510.290.0001
TABLE OF CONTENTS
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EXECUTIVE SUMMARY FINANCIAL ANALYSIS HOSP - ADR REV PAR STATS MF - PENINSULA 6 MOS PROPERTY PHOTOS LOCATION HIGHLIGHTS SITE ATTRACTIONS 03 06 22 26 29 33 34 KW Commercial - Oakland DRE#: 02029039
TIMSETIA1@GMAIL.COM
ASSOCIATE | DRE# 01981909
BROKER
EXECUTIVE SUMMARY
190 EL CAMINO REAL, SAN BRUNO, CA 94080
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Multifamily Residential care facilities Business services Office Outdoor dining Restaurants Research development MXR - Multi-use residential focus 021-162-270 Hospitality 42,336 SF 12,298 SF 2004 APN: Property Type: Building Size: Lot Size: Year Built: SUPER 8 HOTEL
PROPERTY SUMMARY & ZONING
PROPERTY HIGHLIGHTS
(49) Total units/rooms
38 rooms with 2 queen beds
5 rooms with a king suite
6 rooms with king beds
1600 Amps, 208Y/120V, 3 Phase
3-Stories
Secured/interior corridor spaces
(37) Private property parking spaces
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FINANCIAL ANALYSIS
190 EL CAMINO REAL, SAN BRUNO, CA 94080
Hospitality
PROPERTY VALUATION
“Sales projections are based on initial available property information and can be subject to change based on site visits and other available property information.”
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190 El Camino Real - Hotel Aura 2022 P&L SF ADR Proforma Proforma
Building SF 42,336 Lot SF 12,298 ADR Daily No. of rooms 49 $110 $136.81 $6,704 Income Monthly Annual Annual $1,733,856 $2,446,847 Occupancy Occupancy 83.2% 86.01% Gross Income $144,488 $1,733,856 $2,104,533 Expenses $105,811 $1,269,730 $1,396,703 Net Operating Income $38,677 $464,125 $707,830
Past Sales: 1 Year ( 19 Properties) Sale Projections $/Key $/SF Cap Rate (*1) $/Key $/SF Cap Rate Proforma Adjusted Sales Price Low $40,442 $151 2.47% Sales Price $10,535,000 $16,257,024 $9,771,053 $16,050,566 $10,535,000 Average $206,150 $407 3.55% Cap Rate 4.41% 2.85% 4.75% 4.41% 4.41% Median $192,066 $384 3.51% $/SF $249 $384 $231 $379 $249 High $443,787 $944 5.25% NOI $464,125 $464,125 $464,125 $707,830 $464,125 $/Key $215,000 $331,776 $199,409 $327,563 $215,000 Projected $215,000 $384 4.75%
Proforma: Projected Future Rents (Multifamily)
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Multifamily Past Sales: 1 Year (34 properties) Sale Projections $/Unit (25) Cap Rate (17) GRM $/SF $/SF $/Unit Cap Rate Proforma Adjusted Sales Price Low $88,130 2.70% 10.07 $78.98 Sales Price $16,934,400 $15,925,000 $10,313,889 $18,938,923 $15,925,000 Average $372,342 3.96% 15.82 $420.33 GRM 13.91 9.18 8.47 15.56 13.08 Median $400,000 3.82% 16.75 $452.53 Cap Rate 5.03% 2.91% 4.50% 4.50% 5.35% High $666,667 5.56% 18.85 $1,220.83 $/SF $400 $376 $244 $447 $376 $/Unit $345,600 $325,000 $210,488 $386,509 $325,000 Projected $325,000 4.50% 15 $400.00
PROPERTY VALUATION
Area Rents Monthly Annual All Units Parking Gross Rents Vacancy Gross Rent w/ Adj. Vacancy Studio $2,187 $26,244 $1,285,956 $88,200.00 $1,374,156 11.40% $1,217,502 1 Bedroom $2,263 $27,156 $1,330,644 $88,200.00 $1,418,844 11.40% $1,257,096 NOI Est. expenses Studio 30% $365,250.66 Est. expenses 1 Bd 30% $377,128.74 Studio NOI $852,251.55 1 Bd NOI $879,967.05
PROPERTY VALUATION
Primary guiding unit value
Estimated unit value position
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Land Land Estimated Renovation Cost Estimated Ground-up Building Cost Estimated Total Build Cost $/SF - Sold $/SF $/Unit $/SF Low $14 Sales Price $3,996,850 $2,940,000 $21,168,000 $28,104,850 Average $337 $/SF $275 $60,000 $500 $663.85 Median $225 $/Unit $573,568 High $2,000 Estimated $325.00 Legend
Multifamily
INVESTMENT SALES ANALYSIS
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Sale Price Estimated Conversion Cost Proforma Sales Price $10,535,000 $2,940,000 $16,050,566 Cap Rate 4.41% 4.41% $/SF $249 $379 NOI $464,125 $707,830 $/Key $215,000 $327,563
Hospitality
Estimated
Sales Price $15,925,000 $5,463,923 $18,938,923 GRM 13.08 15.56 NOI 5.35% 4.50% $/SF $376 $447 $/Unit $325,000 $386,509 Land Estimated Build Cost $28,104,850 $/SF $664 $/unit $573,568
Gains Proforma
SOLD COMPARABLES (HOSPITALITY)
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1 2 3
2 2515 EL CAMINO REAL GRANADA INN
3 4234 EL CAMINO REAL AMERICAS BEST VALUE INN SKY RANCH
1 245 S. AIRPORT BLVD. PARK POINTE HOTEL
SOLD COMPARABLES (HOSPITALITY)
190 EL CAMINO REAL, SAN BRUNO, CA | 12 Park Pointe Hotel Americas Best Value Inn Sky Ranch Granada Inn 245 S. Airport Blvd. 4234 El Camino Real 2515 El Camino Real South San Francisco Palo Alto Santa Clara 1 1 1
Sales Price $47,000,000 Bldg. SF 189,060 $/SF $249 $/Unit $145,511 Units 323 DOA 19 Lot SF 261,796 Lot $/SF $179.53 Sales Price $8,500,000 Bldg. SF 9,278 $/SF $916 $/Unit $293,103 Units 29 DOA 30 Lot SF 21,780 Lot $/SF $390.27 Sales Price $12,950,000 Bldg. SF 34,148 $/SF $379 $/Unit $190,441 Units 68 DOA 451 Lot SF 55,757 Lot $/SF $232.26
SOLD COMPARABLES (MULTIFAMILY)
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1 2 3 4
2 70 RENATO CT. ATHERTON GREEN
4 101 EASTMOOR AVE. EASTMOOR APARTMENTS
3 1056 CONTINENTALS WAY HUTTON TERRACE APARTMENTS
1 3085 MIDDLEFIELD RD. WELLSBURY APARTMENTS
SOLD COMPARABLES (MULTIFAMILY)
190 EL CAMINO REAL, SAN BRUNO, CA | 14 Wellsbury Apartments Hutton Terrace Apartments Atherton Green Eastmoor Apartments 3085 Middlefield Rd. 1056 Continentals Way 70 Renato Ct. 101 Eastmoor Ave. Palo Alto Belmont Redwood City Daly City 1 3 2 4
Sales Price $20,000,000 Bldg. SF 25,854 $/SF $774 $/Unit $666,667 Units 30 Sold Date Apr-23 Vacancy 0.7% Sales Price $12,000,000 Bldg. SF 25,668 $/SF $468 $/Unit $500,000 Units 24 Sold Date Feb-23 Vacancy 4.90% Sales Price $24,035,500 Bldg. SF 34,360 $/SF $700 $/Unit $471,284 Units 51 Sold Date Mar-23 Vacancy 53.90% Sales Price $22,500,000 Bldg. SF 51,718 $/SF $435 $/Unit $288,462 Units 78 Sold Date Dec-22 Vacancy 0.50%
SOLD COMPARABLES (LAND)
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1 2 3 4
2 2 W 3RD AVE.
4 777 AIRPORT BLVD. (RED ROOF INN)
3 2 PARK ROAD
1 732 EL CAMINO REAL
SOLD COMPARABLES (LAND)
190 EL CAMINO REAL, SAN BRUNO, CA | 16 732 El Camino Real 2 Park Road 2 W 3rd Ave. 777 Airport Blvd. (Red Roof Inn) San Bruno Burlingame San Mateo Burlingame 1 3 1 4 Sales Price $6,000,000 Lot size 26,659 $/SF $225 Sales Price $14,500,000 Lot size 27,878 $/SF $520 Sales Price $4,950,000 Lot size 11,500 $/SF $430 Sales Price $34,000,000 Lot size 134,165 $/SF $253
FOR SALE (HOSPITALITY)
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1 2 3 4
2 20 AIRPORT BLVD. LA QUINTA INN & SITES
4 670 GATEWAY BLVD. HILTON GARDEN INN
3 1250 BAYSHORE HWY HOLIDAY INN EXPRESST
1 350 N. BAYSHORE BLVD. SFO AIRPORT SOUTH HOTEL
190 EL CAMINO REAL, SAN BRUNO, CA | 18 SFO Airport South Hotel Holiday Inn Express Hilton Garden Inn La Quinta Inn & Sites 350 N. Bayshore Blvd. 1250 Bayshore Hwy 670 Gateway Blvd. 20 Airort Blvd. San Mateo Burlingame South SF South SF 1 3 4 2 Sales Price $4,422,169 Bldg. SF 22,040 $/SF $201 $/Unit $94,089 Units 47 Sold Date Jun-21 Lot SF 53,579 Lot $/SF $82.54 Sales Price $16,239,500 Bldg. SF 74,445 $/SF $218 $/Unit $111,229 Units 146 Sold Date Dec-21 Lot SF 120,659 Lot $/SF $134.59 Sales Price $75,000,000 Bldg. SF 90,137 $/SF $832 $/Unit $443,787 Units 169 Sold Date May-22 Lot SF 123,066 Lot $/SF $609.43 Sales Price $31,020,000 Bldg. SF 105,578 $/SF $294 $/Unit $181,404 Units 171 Sold Date Jan-23 Lot SF 215,282 Lot $/SF $144.09
FOR SALE (HOSPITALITY)
FOR SALE (MULTIFAMILY & LAND)
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1 2 3 4
2 970 MAGNOLIA AVE.
4 850 GLENVIEW DR.
3 271 EL CAMINO REAL
1 1404 FLORIBUNDA AVE. FLORIBUNDA APARTMENTS
FOR SALE (MULTIFAMILY & LAND)
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Floribunda Apartments 970 Magnolia Ave.
271 El Camino Real
1 1 3 4 Sales Price $32,400,000 Bldg. SF 27,894 $/SF $1,162 $/Unit $810,000 Units 40 DOA 40 Lot SF 42,253 Lot $/SF $766.81 Cap Rate 2.53% Sales Price $6,485,000 Bldg. SF 14,354 $/SF $452 $/Unit $540,417 Units 12 DOA 12 Lot SF 15,398 Lot $/SF $421.16 Cap Rate 4.24%
271 El Camino Real
3085 Middlefield Rd. Millbrae San Bruno San Bruno Burlingame
Sales Price $5,690,000 Lot size 25,030 $/SF $227 DOA 442 Sales Price $15,000,000 Lot size 142,877 $/SF $105 DOA 212
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EXCHANGE Sales Price Bldg. SF $/SF Cap Rate Rooms $/Key NOI Loan Interest rate Amort Monthly Mortgage Annual Mortgage Cash Flow Current Cash Flow Add'l Cash Flow 1900 Canterbury Rd. SureStay Plus Hotel Sacramento Expo Sacramento CA $14,000,000 61,623 $227 9.07% 152 $92,105 $1,269,800 $4,097,100 6.25% 25 $27,027 $324,328 $945,472 $464,125 $481,347 2515 El Camino Real Granada Inn Santa Clara CA $12,950,000 34,148 $379 7.04% 68 $190,441 $911,680 $3,047,100 6.25% 25 $20,101 $241,209 $670,471 $464,125 $206,346 620 W. Orangewood Ave. Queens Inn Anaheim CA $10,495,000 25,072 $419 9.16% 63 $166,587 $961,342 $592,100 6.25% 25 $3,906 $46,871 $914,471 $464,125 $450,346 21501/21503 Hawthrone Blvd. Del Amo Crossing Torrance CA $27,025,000 44,671 $605 7.00% 63 $428,968 $1,891,750 $17,122,100 6.25% 25 $112,949 $1,355,391 $536,359 $464,125 $72,234 $27,025,000 7.94% 63 $428,968 $2,146,951 $17,122,100 6.25% 25 $112,949 $1,355,391 $791,560 $464,125 $327,435 1583 State Highway 99 Rite-Aid Gridley CA $6,500,000 15,000 $433 7.25% N/A N/A $471,250 N/A N/A N/A N/A N/A $471,250 $464,125 $7,125
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HOSP - ADR REV PAR STATS
190 EL CAMINO REAL, SAN BRUNO, CA 94080
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MF - PENINSULA 6 MOS
190 EL CAMINO REAL, SAN BRUNO, CA 94080
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PROPERTY PHOTOS
190 EL CAMINO REAL, SAN BRUNO, CA 94080
190 EL CAMINO REAL, SAN BRUNO, CA
190 EL CAMINO REAL, SAN BRUNO, CA
190 EL CAMINO REAL, SAN BRUNO, CA
LOCATION
HIGHLIGHTS 190 EL CAMINO REAL, SAN BRUNO, CA 94080
AREA HIGHLIGHTS
SAN BRUNO, CA
San Bruno, California is a vibrant city located in the San Francisco Bay Area. Situated just south of San Francisco, San Bruno offers a convenient location with easy access to the bustling urban center and the natural beauty of the surrounding region. It is an ideal place for real estate investment, offering a range of housing options and a strong housing market.
#28
San Bruno is known for its diverse community, excellent schools, and a thriving economy. The city is home to a mix of residential neighborhoods, commercial areas, and recreational spaces. It offers a suburban atmosphere with a touch of urban convenience, making it an attractive destination for families and professionals alike.
#163 #59
of 528 of 528
Best Suburbs for Young Professionals in California
of 528
Most Diverse Suburbs in California
Best Suburbs to Live in California
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AREA HIGHLIGHTS
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Golden Gate Park
San Bruno City Park
Golden Gate Bridge
San Francisco International Airport
Peninsula Museum of Art
Walk Score
San Bruno is Somewhat Walkable
Some errands can be accomplished on foot.
Bike Score
San Bruno is Somewhat Bikeable
Minimal bike infrastructure.
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HOTEL AURA OFFERING MEMORANDUM 190 EL CAMINO REAL SAN BRUNO, CA 94080 KW Commercial - Oakland DRE#: 02029039 190 EL CAMINO REAL 510.290.0001 TIMSETIA1@GMAIL.COM TIM SETIAWAN BROKER ASSOCIATE | DRE# 01981909