2510 W Greenway Rd - Hospitality FOR SALE


Phoenix, AZ 85023- Deer Valley
$13,000,000 USD
480-567-6853
2510 W Greenway Rd, Phoenix, AZ for Sale
$13,000,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

2510 W Greenway Rd
Phoenix, AZ 85023
Deer Valley


HIGHLIGHTS

  • Quick access to one of Arizona’s highest trafficked routes, I- 17, that sees over 230,000 vehicles per day
  • Multiple opportunities for brand conversions
  • High acreage plot in a top 5 MSA that receives over 42 Million tourists per year
  • Absentee owned and managed with no official management structure. Opportunity for either owner operator or third party management
  • 39% RevPAR index for Upper-midscale and 64% Midscale RevPAR index indicating room for growth after rebrand or option to capitalize on down-brand
  • With amenities, amount of building on lot, and current key count, this property also provides a great opportunity for multifamily conversion

OVERVIEW

Marcus & Millichap has been chosen to exclusively market for sale the La Quinta Inn by Wyndham Phoenix North, located near Castles and Coasters, Phoenix Sky Harbor Airport and local hospitals such as John C. Lincoln Medical Center. The property is a high acreage plot located in a top 5 MSA that receives over 42 million tourists per year and includes amenities such as Pool/Jacuzzi, Tennis Courts and parking for Buses and Trucks. This property presents multiple conversion opportunities for Brand Conversions from Best Western, Sonesta and Choice. To view offering summary and due diligence please visit https://laquintainnphoenixnorth.sharplaunch.com/ or contact Johnny Casler directly at (919) 606-2263 for more information.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$157 USD /SF

# OF ROOMS

146

PRICE/ROOM

$89,041 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Phoenix North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1979

PARKING SPACES

244

LAND DETAILS

LAND ACRES

5.17 AC

LAND SF

225,205 SF

ZONING

C-1

APN/PARCEL ID

208-14-001R

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.