Well located property within close proximity of Arizona State University (ASU) and the vibrant Mill Avenue District which offers restaurants, shops, and entertainment.
Located only 4 miles away from Sky Harbor International Airport and a 30 minutes’ drive from Phoenix-Mesa Gateway Airport.
Three Stories, Exterior Corridor Property with 131 guest rooms situated on 2.25 acres in Tempe, Arizona.
Well performing asset that still leaves room for expense optimization to increase new operators bottom line.
Priced well at an 11.3% cap rate on current trailing 12 months revenues
Currently operated by a management company, providing an opportunity for a hands-on operator to improve expense control and optimize revenues.
Location Summary
Motel 6 Tempe - Phoenix Airport is located just 4 miles away from Phoenix Sky Harbor International Airport and a 30-minute drive from Phoenix-Mesa Gateway Airport providing accessibility for travelers coming in and out of the greater Phoenix area. Being in Tempe, this property also benefits from its proximity to Arizona State University (ASU) which attracts students, faculty, and visitors. Additionally, the vibrant Mill Avenue District is close by offering restaurants, shops, and an array of entertainment options. This motel is also in proximity of restaurants, banks, shops, fitness centers, and grocery stores, which only adds to the properties appeal to guest. Other nearby attractions to the Motel 6 are the Phoenix Zoo, Legacy Golf, and the Arizona Mills Shopping Mall.
