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
- Phone:(206) 747-4338
- Email:david.gellner@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(206) 296-9600
- Office Website:
- Agent Phone:(206) 708-9420
- Agent Email:parker.ksidakis@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,870,000.0
- $/SF$ 315.7
- Listing StatusAvailable
- Days on Market185
- Asset ClassHotel/Motel
- Terms
- Investment Type
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- 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 TypeHotel/Motel
- Office Type
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSE Pierce County
- Tax ID #0715334008
- Additional Parcels
- ZoningR40
- Year Built1979
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Gateway Inn At Ashford
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
