1720 S Priest Dr - Hospitality FOR SALE
Tempe, AZ 85281 |
1720 S Priest Dr
Tempe, AZ 85281
HIGHLIGHTS
- Close proximity of Arizona State University (ASU) and the vibrant Mill Avenue District which offers restaurants, shops, and entertainment.
- 4 miles away from Sky Harbor International Airport and a 30 minutes’ drive from Phoenix-Mesa Gateway Airport.
- 3 Stories, Exterior Corridor Property with 131 guest rooms situated on 2.25 acres in Tempe, Arizona.
- Well performing asset that still leaves room for expense optimization to increase new operators bottom line.
- Priced well at an 9.27% cap rate based on 2024 revenues.
- Currently operated by a management company, providing an opportunity for a hands-on operator to improve expense control and optimize revenues.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Motel 6 Tempe, AZ - Phoenix - Priest Dr
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
33174
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1977
PARKING SPACES
180
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
GID
APN/PARCEL ID
124-58-078,124-58-079B
