The Driftwood Lodge

The Driftwood Lodge
435 West Willoughby Ave
Corner of Willoughby & Whittier
DOWNTOWN
JUNEAU ALASKA
Full-service Motel - 25,578 sq ft
(62 Rooms - 32 with Full Kitchenettes)
Stand Alone 2-Story Restaurant - 4,576 sq ft
Parking for 70 Vehicles
John Williams - Broker
8800 Glacier Highway, Suite 231
Juneau, Alaska 99801
907.790.6655 X 15 | Cell 907.723.8395
[email protected] | www.jre-realestate.com
FOR SALE
$3,400,000
THE DRIFTWOOD LODGE - 435 WEST WILLOUGHBY, JUNEAU, ALASKA
DESCRIPTION OF THE IMPROVEMENTS
The site is improved with a full-service motel, free-standing
restaurant, and storage warehouse. The first phase of the
motel was built in 1963 with subsequent additions in 1983.
The restaurant building was constructed in 1981 with a
second floor being added in 1990. The storage warehouse is
estimated to be 44 years old.
The gross building areas are summarized as follows:
Motel - 25,578 SF
Restaurant - 4,576 SF
Restaurant Shed - 336 SF
Storage Warehouse - 2,360 SF
GROSS AREA - 32,850 SF
All of the buildings are built on concrete perimeter
foundations. The motel has a combination of wood frame
and concrete block construction, while the restaurant and
warehouse are of wood frame construction. The motel has
wood siding, brick wainscoting, and sculpted cedar shingles
on its exterior. There is channel plywood siding on the rear of
the building. The restaurant has wood siding with extensive
window glazing. The storage warehouse has vinyl siding.
Of the 62 rooms, 32 have kitchenettes with laminate
countertops, four burner range/oven, under counter
refrigerator, and sink.
The storage warehouse interior is partially finished with
some vinyl floor covering, sheetrock walls and ceiling. The
unfinished areas have plywood floors and open stud walls
with no insulation.
Heat is provided by an oil fired hot water boiler with
baseboard registers in the motel and restaurant areas. The
warehouse is partially heated. There is no HVAC system.
Electrical service is 110/220 with adequate switching,
receptacles, and light fixtures. There is a fire sprinkler
system.
SANDPIPER CAFE
John Williams - Broker
8800 Glacier Highway, Suite 231
Juneau, Alaska 99801
907.790.6655 X 15 | Cell 907.723.8395
[email protected] | www.jre-realestate.com
THE DRIFTWOOD LODGE - 435 WEST WILLOUGHBY, JUNEAU, ALASKA
DESCRIPTION OF THE SITE
Site Size and Shape:
This is a 48,179 square foot site. The configuration of the site
is irregular, as depicted on the property plat.
DRIFTWOOD LODGE INCOME - Room Rentals
Site Topography:
The topography of the site is level, at street grade.
Frontage/Access:
The site has frontage and access on both West Willoughby
Avenue and Whittier Street.
Utilities:
All utilities commonly found within the City and Borough
of Juneau are available to the site, including water, sewer,
electrical, and telephone services.
Site Improvements:
The site has adequate on-site parking for approximately 70
vehicles, including handicapped spaces. Approximately 35,000
square feet of site area is asphalt paved. There is minimal
landscaping on the site.
The information provided is excerpted from a 2011 appraisal by Appraisal Associates.
ONE BEDROOM WITH KITCHENETTE
John Williams - Broker
8800 Glacier Highway, Suite 231
Juneau, Alaska 99801
907.790.6655 X 15 | Cell 907.723.8395
[email protected] | www.jre-realestate.com
THE DRIFTWOOD LODGE - 435 WEST WILLOUGHBY, JUNEAU, ALASKA
AS BUILT & ASSESSMENT DATA
Assessment Info (2012):
John Williams - Broker
8800 Glacier Highway, Suite 231
Juneau, Alaska 99801
907.790.6655 X 15 | Cell 907.723.8395
[email protected] | www.jre-realestate.com
Site Value:$1,686,300
Building Value:$1,468,600
Total Value:
$3,154,900
THE DRIFTWOOD LODGE - 435 WEST WILLOUGHBY, JUNEAU, ALASKA
AS BUILT & ASSESSMENT DATA
Upon execution of a Confidentiality
Agreement operating and financial information, including a Cash Flow Analysis,
is available. Click here to download
the Confidentiality Agreement.
Print, sign and return the form via fax or
e-mail. Make sure you provide us with
a return e-mail address for sending the
information.
The information herein shall not be
deemed a representation of the state
of affairs of the property or constitute
an indication that there has been no
change in the business or affairs of the
property since the date of preparation of
this memorandum. This information was
gathered from sources believed to be
reliable, but cannot be guaranteed as
to accuracy. It does not purport to be all
inclusive or to contain all of the information which a prospective purchaser may
desire. Neither Owner nor Juneau Real
Estate, nor any of their officers, employees or agents make any representation
or warranty, expressed or implied, as
to the accuracy or completeness of
the contents and no legal liability is
assumed or to be implied with respect
thereto.
John Williams - Broker
8800 Glacier Highway, Suite 231
Juneau, Alaska 99801
907.790.6655 X 15 | Cell 907.723.8395
[email protected] | www.jre-realestate.com
OWNER AND Juneau Real Estate
EXPRESSLY RESERVE THE RIGHT
AT THEIR SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR
EXPRESSION OF INTEREST IN THE
PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY
TIME WITH OR WITHOUT NOTICE.