6404 E Broadway Blvd - Hospitality FOR SALE


Tucson, AZ 85710- Ward 6
$10,250,000 USD
520-664-4091
6404 E Broadway Blvd, Tucson, AZ for Sale
$10,250,000 USD
Hospitality - FOR SALE
1/12
null | 7.64% Cap Rate

6404 E Broadway Blvd
Tucson, AZ 85710
Ward 6


HIGHLIGHTS

  • 141 units, two-story, exterior corridor
  • Priced well below replacement cost and comp sales at $75k/key
  • Financing pre-approved for qualified buyers via SBA 7a, SBA 504, & conventional loan programs
  • Steady consistent revenues
  • Prime location near corporate, leisure, & government business
  • Only midscale hotel brand in Tucson East in that offers minimal competition

OVERVIEW

Jigar "Jay" Desai of NewGen Advisory is pleased to announce for sale the La Quinta Inn by Wyndham (Tucson East) - Tucson, AZ, a 141-room upper-midscale hotel strategically located in the heart of Tucson, Arizona. Built in 1977 and renovated in 2018, the two-story, exterior-corridor property spans more than 52,000 SF and offers 625 SF of meeting space. The hotel’s strong affiliation with La Quinta Inns & Suites by Wyndham provides brand recognition, a robust reservations system, and proven performance in the upper-midscale segment.

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$194 USD /SF

# OF ROOMS

141

PRICE/ROOM

$72,695 {currency}

CAP RATE

7.64%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Tucson East

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.81 AC

LAND SF

122,566 SF

ZONING

C-1

APN/PARCEL ID

134-23-4090

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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