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Hotel-Motel

Super 8 Phoenix Metro North

8130 N Black Canyon Hwy, Phoenix, AZ 85051

Listing Price: $7,350,000

Cap Rate
6.50%
Number of Rooms
123
RevPAR
$38
Gross SF
40,933
Price/Room
$59,756
Price/Gross SF
$179.56
Year Built
1990

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Super 8 Phoenix Metro North, a two-story limited service hotel conveniently located off of Interstate 17 in north Phoenix, Arizona. The hotel's 123 guest rooms include a flat-screen HDTV, sitting area, and refrigerator, as well as new furniture and mattresses. Hotel amenities include a heated outdoor pool, business center, SuperStart breakfast and guest laundry facilities. The property is located within close proximity to the North Mountain Redevelopment Area. One of the major improvements that will come from this project is the expansion of the City of Phoenix light rail system that will extend to Metro Center Mall which is only a mile away from this hotel and will connect down to Phoenix Sky Harbor International Airport. The Super 8 Phoenix Metro North represents the opportunity to acquire a franchised hotel in the Phoenix market, a high-tech manufacturing base and tourist destination experiencing significant employment growth. The property is located near several major thoroughfares and downtown attractions, including the Phoenix Convention Center, Orpheum Theater and Phoenix Art Museum, to name a few. Additionally, the property is only a 15-20 minute drive to Phoenix Sky Harbor International Airport.

Investment Highlights

  • Located in an Opportunity Zone
  • Conveniently Located Off of Interstate 17, Near Phoenix Light Rail Expansion Project
  • 4 Miles to Grand Canyon University | 6 Miles to ASU West Campus
  • 13 Miles to Sky Harbor International Airport (8th Busiest Airport in the U.S.)
  • Near 4 Medical Centers and 1 VA Medical Center
  • 15 Miles to Luke Air Force Base

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Hotel-Motel

Super 8 Phoenix Metro North

Listing Price: $7,350,000

Cap Rate
6.50%
Number of Rooms
123
RevPAR
$38
Gross SF
40,933
Price/Room
$59,756
Price/Gross SF
$179.56
Year Built
1990

Investment Highlights

  • Located in an Opportunity Zone
  • Conveniently Located Off of Interstate 17, Near Phoenix Light Rail Expansion Project
  • 4 Miles to Grand Canyon University | 6 Miles to ASU West Campus
  • 13 Miles to Sky Harbor International Airport (8th Busiest Airport in the U.S.)
  • Near 4 Medical Centers and 1 VA Medical Center
  • 15 Miles to Luke Air Force Base

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Super 8 Phoenix Metro North, a two-story limited service hotel conveniently located off of Interstate 17 in north Phoenix, Arizona. The hotel's 123 guest rooms include a flat-screen HDTV, sitting area, and refrigerator, as well as new furniture and mattresses. Hotel amenities include a heated outdoor pool, business center, SuperStart breakfast and guest laundry facilities. The property is located within close proximity to the North Mountain Redevelopment Area. One of the major improvements that will come from this project is the expansion of the City of Phoenix light rail system that will extend to Metro Center Mall which is only a mile away from this hotel and will connect down to Phoenix Sky Harbor International Airport. The Super 8 Phoenix Metro North represents the opportunity to acquire a franchised hotel in the Phoenix market, a high-tech manufacturing base and tourist destination experiencing significant employment growth. The property is located near several major thoroughfares and downtown attractions, including the Phoenix Convention Center, Orpheum Theater and Phoenix Art Museum, to name a few. Additionally, the property is only a 15-20 minute drive to Phoenix Sky Harbor International Airport.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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