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The Offering: |
Desert Glen Shopping Center – Shops D is an approximate 8,318-square foot retail pad building located east of the northeast corner of Bell Road and 55th Avenue in Glendale, Arizona. This newer constructed property was built as an outparcel pad building to a Kohl’s anchored neighborhood center located in a suburb of Phoenix know as Glendale. The area contains a very nice mix of high density apartments as well as single family residences.
The building layout for the subject creates good visibility along Bell Road, one of the major retail thoroughfares throughout the Greater Phoenix Metropolitan area. The site was constructed in 2004 for maximum visibility and a clean site line from Bell Road. The quality of construction shows true pride of ownership from the current owner and ensures minimal capital expenditures for the next owner. Direct traffic from 55th Avenue and the overflow traffic from Bell Road and 57th Avenue benefit this site and the existing businesses. This consistent traffic from the dense surrounding residential community contributes to the economic feasibility of the retail tenants, providing a stable real estate investment opportunity for years to come. |
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Property Type: |
Retail Pad Building |
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Year Built: |
2006 |
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Approximate Size: |
±8,318 SF |
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Site Area: |
1.14 Acres |
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Price: |
$1.250,000 |
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CAP Rate: |
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Occupancy: |
43% |
| Terms: |
All Cash or Cash to New Loan |
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