Marriott Hotel - Hospitality FOR SALE


Tempe, AZ 85281
$7,500,000 USD
949-903-3399
Marriott Hotel, Tempe, AZ for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/6
null | 3.53% Cap Rate

Marriott Hotel
Tempe, AZ 85281


HIGHLIGHTS

  • Generational Once-in-a-Lifetime Brand New 99 Year Absolute NNN Ground Lease by Marriott Hotel
  • Brand New 2021 Prototype Construction - Fairfield & Townplace Suites Flags - Annual 2% Rent Bumps
  • Irreplaceable Locations in Front of Tempe Marketplace - Premiere Retail District within Tempe AZ
  • Zero LL Duties - Longest Primary Term in Retail - Very Low Downside Risk (Value of Improvements)
  • Part of Arizona State University Trade Area (55K+ Students) - Tremendous Technology West Coast Hub
  • Marriott International Inc. (NASDAQ: MAR) is Global Lodging Leader (7600+) - Iconic World Brand!

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase a brand new construction single tenant absolute NNN leased Marriott Hotel on a 99 year ground lease. Located within 1.5 miles of Arizona State University, this trophy location is positioned directly across from the regions dominant shopping and entertainment destination (Tempe Marketplace) and further benefits from its proximity to Loop 202 & Loop 101. Additionally, the subject property is located less than a mile from the recently renovated Riverview Baseball Complex and Sloan Park which is home to the Chicago Cubs Spring Training Facility.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$186 USD /SF

# OF ROOMS

83

PRICE/ROOM

$90,361 {currency}

CAP RATE

3.53%

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Brand New 99 Yr Lease- Trophy Site near ASU

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2024

PARKING SPACES

170

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

113,989 SF

ZONING

PCC2

APN/PARCEL ID

132-38-024

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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