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The Offering: |
**AZ RETAIL SHORT SALE OPPORTUNITY ** Plaza Fountainside is an approximate 6,122-square foot retail pad building located on the northeast corner of Saguaro Boulevard and El Lago Boulevard in Fountain Hills, Arizona. This newer constructed property was built as an outparcel pad building to a neighborhood center located in a suburb of Phoenix known as Fountain Hills. The area contains a very nice mix of high density apartments as well as single family residences.
The building, situated on a hard corner signaled intersection creates good visibility along Saguaro Boulevard, the major thoroughfare throughout the Fountain Hills area. The site was constructed in 2004 for maximum visibility and a clean site line from Saguaro Boulevard. 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 Saguaro Boulevard and the overflow traffic from El Lago Boulevard benefit this site and the existing businesses. |
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Property Type: |
Retail Pad Building |
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Year Built: |
2004 |
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Approximate Size: |
±6,122 SF |
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Site Area: |
0.57 Acres |
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Price: |
$750,000 |
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CAP Rate: |
6.97% |
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Occupancy: |
55% |
| Terms: |
All Cash or Cash to New Loan (Purchase subject to Lender Approved Short Sale) |
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