Property Listing No Longer Available for Sale

16428 North 32nd Street, Phoenix, AZ

Shopping Center for Sale - $1,400,000 - 15,676 Sq. Ft. on 48787 acres


Property Info

CIMLS#692868
Location
  16428 North 32nd Street
  Phoenix AZ 85032
UpdatedSeptember 15th, 2015
TypeShopping Center
Price$1,400,000
Building15,676 Sq. Ft.
Land48787 acres

Property Description

This Investment is an unanchored retail strip center located South of Bell Road which is a major corridor. The property has had stable occupancy, up until Fascinations will leave 12/15. Other businesses have been in occupancy for an average of 6 years. The property is currently 68% occupied, and has a new roof and updated low energy lighting.

Location Description:

Located a 1/2 mile west of the 51 freeway and 1/2 mile south of the busy Bell Road corridor, Paradise Place has great visibility for the 44,000 vehicles tat travel along 32nd Street daily. This multi-tenant retail center sits approximately 1 mile south of Paradise Valley Community College and Paradise Valley Golf Course. The subject property is located within a business corridor that has dense residential properties in the area. Just a block north of Paradise Place is a 57 unit apartment complex that is 100% occupied.

Highlights:

>> Priced below Replacement Cost

>> Solid Long-term Tenants

>> Well-Maintained and High Traffic Area

>> New Roof 2012 and Updated Low Energy Lighting

* Email for additional photos

** This property also has spaces available for lease.


Financials

Sales Info:

>> Commision split: 2.0%