Hotel-Motel

Super 8 Phoenix Midtown

4135 N 27th Avenue, Phoenix, AZ 85017

Listing Price: $6,000,000

Cap Rate
10.19%
Number of Rooms
100
RevPAR
$39
Gross SF
12,132
Price/Room
$60,000
RRM
3.50
Price/Gross SF
$494.56
Year Built
1973

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Super 8 Phoenix Midtown, a limited service two-story exterior corridor hotel located in the heart of the Phoenix metropolitan area. Demand drivers for this asset include Phoenix Sky Harbor International Airport as well as its premier interstate location, procuring a transient-dominant customer base. The Super 8 is part of a two-property portfolio, along with the adjacent Red Roof Inn hotel. The Red Roof Inn and Super 8 sit on one 5.07-acre parcel and together total 244 rooms and 64,800 square feet. This newly converted 100-room Super 8 is set to open mid-October 2020 and is ready to serve the greater Phoenix area. This is a high in demand investment opportunity in one of the nations fastest growing real estate markets.

Investment Highlights

  • Newly Converted to Super 8 in 2020
  • Minutes to Several Universities and Medical Centers
  • Nearby Headquarters: Honeywell Aerospace, Banner Health, Best Western and U-Haul
  • Proximity to Heard Museum, Phoenix Art Museum and Legends Entertainment District
  • 9 Miles to Phoenix Sky Harbor International Airport
  • Excellent Location Along Interstate 17

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    License(s): AZ: BR675146000

    Arizona

Listing Price: $6,000,000

Cap Rate
10.19%
Number of Rooms
100
RevPAR
$39
Gross SF
12,132
Price/Room
$60,000
RRM
3.50
Price/Gross SF
$494.56
Year Built
1973

Investment Highlights

  • Newly Converted to Super 8 in 2020
  • Minutes to Several Universities and Medical Centers
  • Nearby Headquarters: Honeywell Aerospace, Banner Health, Best Western and U-Haul
  • Proximity to Heard Museum, Phoenix Art Museum and Legends Entertainment District
  • 9 Miles to Phoenix Sky Harbor International Airport
  • Excellent Location Along Interstate 17

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Super 8 Phoenix Midtown, a limited service two-story exterior corridor hotel located in the heart of the Phoenix metropolitan area. Demand drivers for this asset include Phoenix Sky Harbor International Airport as well as its premier interstate location, procuring a transient-dominant customer base. The Super 8 is part of a two-property portfolio, along with the adjacent Red Roof Inn hotel. The Red Roof Inn and Super 8 sit on one 5.07-acre parcel and together total 244 rooms and 64,800 square feet. This newly converted 100-room Super 8 is set to open mid-October 2020 and is ready to serve the greater Phoenix area. This is a high in demand investment opportunity in one of the nations fastest growing real estate markets.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    License(s): AZ: BR675146000

    Arizona

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