Las Palmas Extended Stay Suites 5251 S Julian Dr 175 Unité Immeuble d’appartements 17 107 981 $ CAD (97 760 $ CAD/Unité) 6,21% Taux de capitalisation Tucson, AZ 85706

5251 S Palo Verde Rd, aka 5251 S Julian Rd
*Note: This property is also offered for sale as part of the following portfolio:
PHOENIX:
1711 W Bell Rd
1501 Grand Ave
1780 W Missouri Ave
TUCSON:
4098 E 29th St
4141 E 29th St
314 Benson Hwy
1025 E Benson Hwy
5251 S Julian Dr
Las Palmas Extended Stay Suites features a hybrid operating model, generating revenue from both extended-stay accommodations and traditional apartment rentals.
Las Palmas is an expansive, Value-add property, formerly a nationally branded hotel, and still has many of the bonus areas of a large hotel including multiple pools and jacuzzis, large lobby, multiple offices, and a non-operational restaurant area with significant food service appliances still in place. Also included is a large banquet hall / ballroom which is regularly leased for various celebrations and events. The property is currently in lease-up, at approximately 85% occupancy.
Las Palmas is ideally positioned in Tucson's Southside submarket with convenient access to Interstate 10 and Tucson International Airport. Surrounded by major employment centers, transportation infrastructure, and everyday retail amenities, the property is minutes from Downtown Tucson, the University of Arizona, Davis-Monthan Air Force Base, and the Kino Sports Complex, supporting diverse and durable rental demand.