11 7Th St Tempe, AZ 85281
Luxury Hotel, Net Lease, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Exceptional 25-year absolute NNN sale-leaseback opportunity with a strong multi-unit operator.
- Trophy site in Tempe, AZ's ASU area, offering high density and strong demographics.
- Brand new, 17-story Westin Hotel (290 rooms, rooftop pool/bar) built in 2021.
- Tempe's rapid tech growth and Fortune 500 company expansion drive strong market fundamentals.
- Managed by Crescent Hotels & Resorts, exceeding occupancy and performance projections.
- Located in the Phoenix MSA, a top 50 place to live with significant population growth.
Property Details for 11 7Th St
- Property type
- Hospitality properties, Hotels
- Square Feet
- 290,383 SF
- Lot Size (sq. ft)
- 37,026 SF
Location Insight
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.4229612
- Longitude
- -111.9392662
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Luxury Hotel, Net Lease, High ROI
- Where is the hospitality property located?
- The property is located at 11 7Th St Tempe, AZ.
- What is the asking price?
- The asking price for this property is $115,000,000.
- What are key features of this property?
- This property features: Exceptional 25-year absolute NNN sale-leaseback opportunity with a strong multi-unit operator.; Trophy site in Tempe, AZ's ASU area, offering high density and strong demographics.; Brand new, 17-story Westin Hotel (290 rooms, rooftop pool/bar) built in 2021.
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