Sold My 131st & 132nd Properties These properties were 40 years old and suffered from some functional obsolescence and significant deferred maintenance. I successfully marketed them by emphasizing the potential for revenue growth provided by their excellent in-fill locations.
CENTRAL SQUARE East of the NEC Central & Van Buren, Goodyear, AZ Price $1,550,000 Size 21,516 SF Price per SF $72 Cap Rate 2.18 (A) Occupancy 41% Year Built 2005 (A) = Cap rate based on actual income at stated occupancy Lender owned. Well below replacement cost with good cap rate on the current occupancy. […]
COPPER BELL PLAZA NEC Southern & Stapley, Mesa, AZ Price $1,200,000 Size 16,716 SF Price per SF $74.34 Cap Rate N/A – high vacancy Occupancy 27% Year Built 1980 The subject property offers high visibility space just off a major intersection but suffers from an identity crisis. The design is generic and it is hard […]
93,912 SF Industrial Distribution Buildings Sold in Phoenix $32.50 per SF A-2 Zoning 24’ Clear Height 39% occupied
INDUSTRIAL SHOWROOM NEC Peoria Ave. & Grand Ave. 8125 – 8200 W. Peoria Ave, Peoria, AZ Available Suites Size SOLD Just Sold Industrial Showroom for $3,900,000
CARRABBA’S ITALIAN GRILL NEC Interstate 40 & Highway 15, Durham, NC Price $1,800,000 Size 7,500 SF Price per SF $240 Cap Rate 5.5 (A) Occupancy 100% Year Built 2005 (A) = Cap rate based on actual income at stated occupancy I had a relationship with a buyer in a 1031 exchange that specifically wanted a newer […]
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MARCO DRAPERIES BUILDING SEC 43rd St. & Bell 4305 E. Bell Rd, Phoenix, AZ Price 2,200,000 Size 8,952 SF Price per SF $245.76 Cap Rate N/A (Owner User Deal) Occupancy Vacant Year Built 2008 This is an ideal owner/user building that was built by the current owners for their own business. High quality 2008 construction with […]
VIA LINDA CROSSROADS SEC 90th St. & Via Linda 9015 E. Via Linda, Scottsdale, AZ Available Suites Size Comments Suite 108 1,038 SF MAJOR RENOVATION RECENTLY COMPLETED! This is a strategically located shopping center located at the first intersection north of the 90th Street Exit off the 101 Freeway. This is a major shortcut between […]
VIA LINDA CROSSROADS SEC 90th Street & Via Linda, Scottsdale, AZ Price $4,959,733 Size 24,385 SF Price per SF $203 Cap Rate 7.77 (P) Occupancy 100% Year Built 1987 (P) = Cap rate based on actual income less a 5% vacancy reserve The subject property is a very well located strip center anchored by Ace Hardware […]
WALGREENS PLAZA SWC Southern & McClintock 3308 S. McClintock, Tempe, AZ Download the Walgreens Plaza Leasing Flyer