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Hotel-Motel

Knights Inn Phoenix at N Black Canyon Hwy

1264 N Black Cyn Hwy, Phoenix, AZ 85009

Listing Price: $6,000,000

Cap Rate
4.90%
Number of Rooms
95
RevPAR
$32
Gross SF
27,095
Price/Room
$63,158
RRM
6.10
Price/Gross SF
$221.44
Year Built
1976

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale, the Knights Inn Phoenix at N Black Canyon Hwy, a 95 key asset, with essential amenities such as air conditioning, desks, TV and complementary Wi-Fi and parking as well as an outdoor pool. The property is conveniently located off the I-17, a major highway in the Phoenix MSA seeing over 129K vehicles per day.

Investment Highlights

  • Absentee owned and managed property, ideal for owner operator
  • 49.3% Midscale RevPAR Index and 68.9% Economy RevPAR Index providing opportunity for hands on investors
  • Low cost transfer of ownership PIP at $7,500 per key
  • Sub 4X RRM property in the heart of the Phoenix MSA
  • Close proximity to some of the highest trafficked locations in Phoenix
  • Record low price per key basis of any Economy/Midscale property sold in the North Phoenix MSA

Exclusively Listed By

Financing By

Hotel-Motel

Knights Inn Phoenix at N Black Canyon Hwy

Listing Price: $6,000,000

Cap Rate
4.90%
Number of Rooms
95
RevPAR
$32
Gross SF
27,095
Price/Room
$63,158
RRM
6.10
Price/Gross SF
$221.44
Year Built
1976

Investment Highlights

  • Absentee owned and managed property, ideal for owner operator
  • 49.3% Midscale RevPAR Index and 68.9% Economy RevPAR Index providing opportunity for hands on investors
  • Low cost transfer of ownership PIP at $7,500 per key
  • Sub 4X RRM property in the heart of the Phoenix MSA
  • Close proximity to some of the highest trafficked locations in Phoenix
  • Record low price per key basis of any Economy/Midscale property sold in the North Phoenix MSA

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale, the Knights Inn Phoenix at N Black Canyon Hwy, a 95 key asset, with essential amenities such as air conditioning, desks, TV and complementary Wi-Fi and parking as well as an outdoor pool. The property is conveniently located off the I-17, a major highway in the Phoenix MSA seeing over 129K vehicles per day.

Exclusively Listed By

Financing By

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