$5,050,000
Glendale, AZ 85308
MLS# 5891271
Status: Closed
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Property Description
Highly sought-after opportunity to purchase this multi-tenant retail strip center shadow anchored by two prominent retail giants, Walmart and Sam's Club. The subject property is comprised of 9,690 square feet, and is currently occupied by four widely known tenants. This property offers premium frontage along W. Union Hills Dr., with close proximity to Arrowhead Towne Center, Peoria Sports Complex, and the Loop 101. The property is surrounded by several big-name retailers which draw customers into the area. This property boasts local, regional, and national tenants, making this an attractive investment with advantageous tenant synergy .
Details
Maps
Contract Info
Current Price: $5,050,000
Sold Price: $5,050,000
Status: Closed
List Date: 2019-03-04
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: K31
House Number: 8285
Compass: W
Street Name: UNION HILLS
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85308
Zip4: 0511
Country: USA
County Code: Maricopa
Legal Description (Abbrev): POR NW4 SEC 35 DAF COM NW COR SD SEC 35 TH E 442.22F TH S 65F TO TPOB TH E 229.55F TO NON-TAN CUR CO
Assessor's Map #: 43
Assessor's Parcel #: 3
Assessor Parcel Ltr: U
Add'l Parcels: No
Assessor Number: 200-43-003-U
Census Tract: 617700
Legal: POR NW4 SEC 35 DAF COM NW COR SD SEC 35 TH E 442.22F TH S 65F TO TPOB TH E 229.55F TO NON-TAN CUR CO
Tax Municipality: Glendale
Taxes: 28748
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 9690
# of Buildings: 1
Year Built: 2005
Uncvrd Parking Spcs: 49
Zoning: PAD
Remarks & Misc
Cross Street: N. 83rd Ave. and W. Union Hills Dr.
Directions: Loop 101 to W. Union Hills Dr., head West. The property is on the corner of W. Union Hills Dr., and N. 83rd Ave., on the South side of the road.
Geo Lat: 33.652219
Geo Lon: -112.235917
Status Change Info
Status Change Date: 2019-07-02
Off Market Date: 2019-05-10
Under Contract Date: 2019-05-03
Close of Escrow Date: 2019-07-01
Sold Price: $5,050,000
Legal Info
Township: 4N
Range: 1E
Section: 35
Income & Expenses
Annual Elec Exp: 2098
Annual Ins Exp: 2950
Annual Landscape Exp: 7200
Annual Maint Exp: 5280
Annual Mgmt Exp: 13525
Annual Trash Exp: 4055
Annual Wtr/Swr Exp: 5946
Owner Association: Yes
Net Operating Income: 344984
Pmt & Rate Info
Cap Rate: 6.63
Equity: 5200000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Retail PAD
Stories: 1 Story
Construction: Block
Roofing: Other (See Remarks)
Floors: Vinyl; Ceramic Tile; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished to Suit; Fire Sprinklers
Exterior: Corner Lot
Fencing: None
Parking: Paved Parking
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Source of Fincl Data: Unknown
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
Traffic Count: 25,001 to 35,000
Reports/Disclosures: None
Environmental: None
Listing Office: R.O.I. Properties
Last Updated: July - 02 - 2019
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