SEC of E Rio Salado Pkwy. & S Perry Ln Tempe, AZ 85281
New construction Marriott Hotel on 99-year ground lease for sale.
Type:Retail
Property size:
81,357 SF- Added:
- May 21, 2021
- Days on Market:
- 1795
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for SEC of E Rio Salado Pkwy. & S Perry Ln
General Information
- Standard status
- Active
- Size
- 81,357 SF
- Property subtype
- Retail
Listing agent Paul Holland License #SA022775000
Listing office Colliers - Phoenix, Arizona
Listing date May 21, 2021
Source Crexi
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 Colliers - Phoenix, Arizona
Overview
New Marriott Hotel Investment Opportunity
This is an opportunity to purchase a newly constructed, single-tenant, absolute NNN leased Marriott Hotel. The property is situated on a 99-year ground lease. Located within 1.5 miles of Arizona State University, the location is across from Tempe Marketplace and benefits from proximity to Loop 202 & Loop 101. The property is less than a mile from the renovated Riverview Baseball Complex and Sloan Park, home to the Chicago Cubs Spring Training Facility. The offering is part of a larger mixed-use development that includes 6 freestanding retail buildings. This provides synergies to each use and complements the surrounding developments with Arizona State University, Tempe Marketplace, and the Chicago Cubs Spring Training Facility. The property provides 99 years of passive income with 2% annual increases and zero landlord obligations. The property size is 81357 square feet.
Location Intelligence
Current Use by Public Records
Hotels
Map
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.905084
- Latitude
- 33.428557
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - New construction Marriott Hotel on 99-year ground lease for sale.
Where is this hotel located?
The property is located at SEC of E Rio Salado Pkwy. & S Perry Ln Tempe, AZ.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Brand new construction single tenant absolute NNN leased Marriott Hotel.; 99‑year ground lease providing generational quality real estate.; Located within 1.5 miles of Arizona State University.
