$5,100,000
Goodyear, AZ 85338
MLS# 5928392
Status: Closed
1 / 8
Property Description
BANKRUPTCY SALE - SUPER 8 BY WYNDHAM - 13.12% CAP RATE! Starting Bid - $3,175,000. Rare opportunity to purchase this 90-room Super 8 Hotel by Wyndham in a bankruptcy sale. The property is well positioned within the Interstate 10 corridor in Goodyear, Arizona - one of the fastest growing cities in the Greater Phoenix area. Interstate 10 is a primary connector between Phoenix to California. The mix of guest rooms includes 72 rooms with two Queen sized beds, 8 rooms with one Queen sized beds; four of which are handicap accessible, and 10 rooms with one King sized beds. Parking Ratio of 1.28 spaces per rentable room 90 parking space including 5 Truck/RV spaces, plus an additional truck parking lot Hotel Affiliation - Wyndham Hotels. See Documents tab for Bidding Instructions.
Details
Maps
Documents
Contract Info
Current Price: $5,100,000
Sold Price: $5,100,000
Status: Closed
List Date: 2019-05-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: $
Location, Tax & Legal
Map Code/Grid: Q29
House Number: 840
Compass: N
Street Name: Dysart
St Suffix: Road
City/Town Code: Goodyear
State/Province: AZ
Zip Code: 85338
Country: USA
County Code: Maricopa
Assessor's Map #: 3
Assessor's Parcel #: 269
Assessor Parcel Ltr: L
Add'l Parcels: Yes
Assessor Number: 500-03-269-L
Legal: PT SE4 SEC DAF BEG AT PT E LN SEC 1720.11F N OF SE COR TH W 342.84F TO TPOB TH CONT W
120F S 100F TH W 177.27F N 215.42
Tax Municipality: Goodyear
Taxes: 43618
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 31682
# of Buildings: 1
Year Built: 1985
Uncvrd Parking Spcs: 90
Zoning: MH, C-2, C-G
Remarks & Misc
Cross Street: Dysart Road, and Interstate 10
Directions: South on Dysart Road from Interstate 10. The property is on the West side of the road, behind the Waffle House.
Geo Lat: 33.455288
Geo Lon: -112.342738
Status Change Info
Status Change Date: 2019-09-11
Off Market Date: 2019-08-20
Under Contract Date: 2019-06-07
Close of Escrow Date: 2019-09-11
Sold Price: $5,100,000
Income & Expenses
Owner Association: No
Operating Exp: 43618
Pmt & Rate Info
Equity: 3175000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Other; See Remarks
Stories: 2 Stories
Construction: Frame - Wood
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Window/Wall Unit
Loading Facilities: None
Interior: Finished; Finished to Suit
Exterior: Roof Sign; Pole Sign; Building Sign; Monument Sign
Fencing: Block
Amenities: Exercise Room; Reception Room
Parking: Private Parking; Paved Parking
Electric: SRP; City Electric
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Special: Court Approval Req
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt
Reports/Disclosures: None
Environmental: Other (See Remarks)
Bidding Instructions 
Listing Office: R.O.I. Properties
Last Updated: September - 11 - 2019
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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