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The Offering: |
Northern Crossing is an approximate 13,720-square-foot retail strip located south of the southwest corner of Northern Avenue and 55th Avenue in Glendale, Arizona. This newer constructed property benefits from the traffic generated from the new Wal-Mart and Lowe’s anchored center directly to the west. The area contains a very nice mix of high density apartments as well as single family residences.
The tenant mixture of the shops includes RadioShack, Noah’s Arch Pediatrics, Luna’s Pizza, Louie Fratini Insurance and Hair Expressions. The building layout for the Northern Crossings creates excellent visibility along both 55th Avenue and Northern Avenue. The site was constructed in 2007 for maximum visibility from both streets with a clean site line from 55th Avenue. 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 Northern Avenue and 59th Avenue benefit this site and the existing businesses. |
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Property Type: |
Retail Strip Center |
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Year Built: |
2007 |
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Approximate Size: |
±13,720 SF |
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Site Area: |
1.80 Acres |
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Price: |
$1,750,000 |
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CAP Rate: |
9.49% |
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Occupancy: |
65% |
| Terms: |
All Cash or Cash to New Loan |
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