{"id":322710,"date":"2023-04-12T08:31:57","date_gmt":"2023-04-12T15:31:57","guid":{"rendered":"https:\/\/sdnews.com\/?p=322710"},"modified":"2023-04-12T08:31:57","modified_gmt":"2023-04-12T15:31:57","slug":"days-inn-sells-to-la-mesa-multi-family-partners-llc","status":"publish","type":"post","link":"https:\/\/test.sdnews.com\/es\/days-inn-sells-to-la-mesa-multi-family-partners-llc\/","title":{"rendered":"Days Inn sells to La Mesa Multi-Family Partners, LLC"},"content":{"rendered":"

The 42-room, 22,410 square foot Days Inn, located at 7475 El Cajon Blvd. <\/span><\/span>in La Mesa, recently <\/span>sold for $8,350,000.<\/span><\/span><\/p>\n

Mike Conger and Brian Jenkins of Commercial Asset Advisors (CAA) represented the Seller, Lotus Hotel, Inc. The Buyer, La Mesa Multi-Family Partners, LLC was represented by Salvatore DeMaria of Coldwell Banker Realty.<\/span><\/span><\/span><\/p>\n

The Days Inn features 42 large rooms, with existing kitchen infrastructure in the heart of the multi-family supply constrained La Mesa. <\/span><\/span>According to CAA, their<\/span> comprehensive knowledge of the La Mesa market allowed them to successfully identify the demand for an adaptive reuse to multi-family conversion. CAA was able to capture a premium value for the seller by pricing this asset consonant with its adaptive reuse potential.<\/span><\/span><\/p>\n

\u201cWe are excited to have facilitated the sale of this exceptional property; we were able to identify additional value for the seller by marketing this deal as an apartment conversion. This represents a tremendous investment opportunity for the new owner to capitalize on additional cash flow, reduced operating costs, and lower apartment cap rates with an adaptive reuse,\u201d said Jenkins.<\/span><\/span><\/span><\/p>\n

CAA has represented multiple buyers and sellers in all product types this year all over San Diego County.<\/span><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":"

The 42-room, 22,410 square foot Days Inn, located at 7475 El Cajon Blvd. in La Mesa, recently sold for $8,350,000. Mike Conger and Brian Jenkins of Commercial Asset Advisors (CAA) represented the Seller, Lotus Hotel, Inc. The Buyer, La Mesa Multi-Family Partners, LLC was represented by Salvatore DeMaria of Coldwell Banker Realty. The Days Inn […]<\/p>","protected":false},"author":938,"featured_media":322714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"The 42-room, 22,410 square foot Days Inn, located at 7475 El Cajon Blvd. in La Mesa, recently sold for $8,350,000.","_seopress_robots_index":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"3","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[15438],"tags":[15772,14050,12421,12362],"class_list":["post-322710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-la-mesa-courier-news","tag-days-inn","tag-hotel","tag-la-mesa","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/322710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/users\/938"}],"replies":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/comments?post=322710"}],"version-history":[{"count":1,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/322710\/revisions"}],"predecessor-version":[{"id":322713,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/322710\/revisions\/322713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media\/322714"}],"wp:attachment":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media?parent=322710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/categories?post=322710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/tags?post=322710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}