Four-Story Airport
For Sale
Contact for pricing
7001 South Tucson Boulevard, Tucson, AZ 85706
Hotel property at the entrance to Tucson International Airport with established corporate, government, and defense-sector demand drivers.
Property Size98,854 SF
Price / SF$140.61
Days on Market52
Property Features for 7001 South Tucson Boulevard
General Information
Standard status
Active
Size
98,854 SF
Property subtype
Hospitality
Zoning
P-I
Additional Details
Asking Price
$13,900,000
Building Details
Year Built
1996
Stories
4
Listing Agency:
NewGen Advisory Phoenix
Listed By:
Jigar "Jay" Desai · License #AZ SA675144000
(520) 664-4091
Source:
Crexi
Added: Aug 28
Changed: Oct 5
Last Checked: Oct 16 at 9:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NewGen Advisory Phoenix
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Investment Insights
Based on property information with market context.
The La Quinta Inn & Suites by Wyndham is a 143-room, four-story hotel built in 1996. The property is located at 7001 South Tucson Boulevard and is zoned P-I, with approximately 98,854 square feet of hotel improvements.
Positioned at the entrance to Tucson International Airport, the hotel is supported by proximity to Davis-Monthan Air Force Base, Raytheon Missiles & Defense, Amazon, nearby industrial parks, and the Kino Sports Complex. Corporate, government, and defense-related travel contribute to the property's demand base. Hotel occupancy was 73.4% in 2023, providing a specific operating benchmark for the asset.
Positioned at the entrance to Tucson International Airport, the hotel is supported by proximity to Davis-Monthan Air Force Base, Raytheon Missiles & Defense, Amazon, nearby industrial parks, and the Kino Sports Complex. Corporate, government, and defense-related travel contribute to the property's demand base. Hotel occupancy was 73.4% in 2023, providing a specific operating benchmark for the asset.
Key Highlights
- 143‑room, four‑story hotel built in 1996
- At the entrance to Tucson International Airport (TUS)
- Approximately 98,854 square feet of property improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$542,338
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,846,760
$10.8M
Cap Rate 7%
$7,747,686
$7.7M
Cap Rate 9%
$6,025,978
$6.0M
Market Conditions
NOI Build-Up for 98,854 SF
Gross rent
$1.30M $13.20/SF
− Vacancy
−$163.1K −$1.65/SF
EGI
$1.14M $11.55/SF
− OpEx
−$599.4K −$6.06/SF
NOI
$542.3K $5.49/SF
Area
ZIP 85706
Vacancy
12.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,846,760
Cap Rate 7%
$7,747,686
Cap Rate 9%
$6,025,978
Alternative Uses
Best Use
Hotel Hospitality
$7.75M
$6.78M – $9.04M
NOI $542,338 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.44M
$17.89M – $23.85M
NOI $1,430,852 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 85706, AZ
54,853
Population
19,095
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
13.1 sq mi
ZIP Area
4,187
Density / Sq Mi
$49,072
Median Household Income
$30,977
Median Earnings
$981
Median Rent
$169,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel property at the entrance to Tucson International Airport with established corporate, government, and defense-sector demand drivers.
Where is this hotel located?
The property is located at 7001 South Tucson Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: 143‑room, four‑story hotel built in 1996; At the entrance to Tucson International Airport (TUS); Approximately 98,854 square feet of property improvements
