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 | |
Updated | September 15th, 2015 |
Type | Shopping Center |
Price | $1,400,000 |
Building | 15,676 Sq. Ft. |
Land | 48787 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
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** This property also has spaces available for lease.
Financials
Sales Info:
>> Commision split: 2.0%