38820 Hwy 706 E
Ashford WA 98304

Gateway Inn

38820 Hwy 706 E Ashford WA 98304

Listing #: 681907 | Status: Available | Last Modified: 11/8/2024 |

For Sale
David Gellner
  • Phone:(206) 747-4338
  • Email:david.gellner@kidder.com
  • Office Name:Kidder Mathews
  • Office Phone:(206) 296-9600
  • Office Website:
Parker Ksidakis
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 3,870,000.0
  • $/SF$ 315.7
  • Listing StatusAvailable
  • Days on Market175
  • Asset ClassHotel/Motel
  • Terms
Investment Information
  • Investment Type
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units30
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF12258
  • Net Rentable Area12258
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF117612
  • Acres2.7
Property Type
  • Property TypeHotel/Motel
  • Office Type
  • Building Class
Location
  • CountyPierce
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaSE Pierce County
  • Tax ID #0715334008
  • Additional Parcels
  • ZoningR40
Construction
  • Year Built1979
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

Gateway Inn At Ashford

Public Comments

We are pleased to present the opportunity to acquire the sale-leaseback of the Gateway Inn, an absolute NNN leased investment located at the entrance to Mt. Rainier National Park. -Absolute NNN lease structure with zero landlord responsibilities -10 year firm term lease with 3% annual increases -Located 50 ft from the entrance of Mt. Rainier National Park which saw over 2.5M visitors in 2023 -Year-round lodging available, with an assortment of guest rooms and amenities -Tenant has operated the property since 1989

Listing Images