16428 North 32nd Street, Phoenix, AZ
Shopping Center for Sale - $1,490,000 - 15,676 Sq. Ft. on 1.12 acres
Property Info
| CIMLS# | 829464 |
| Location 16428 North 32nd Street Phoenix AZ 85032 | |
| Updated | September 26th, 2016 |
| Type | Shopping Center |
| Price | $1,490,000 |
| Building | 15,676 Sq. Ft. |
| Land | 1.12 acres |
Property Description
This Investment is an unanchored retail strip center located South of Bell Road which is a major corridor. Paradise Place offers stable tenancy and low maintenance. The existing businesses in the center have an average occupancy of 6 years. The property is currently 100% occupied, and has a new roof and updated low energy lighting.
Location Description:
Located just 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 that travel along 32nd Street daily. This multi-tenant retail center is approximately 1 mile south of Paradise Valley Community College and Paradise Valley Golf Course. The subject property is located within the business Bell Road corridor with dense residential properties in the area.
Highlights:
>> Priced below $100.00psf
>> Stable Tenancy with Long-term Tenants
>> Well-Maintained and High Traffic Area
>> New Roof 2012 and Updated Low Energy Lighting
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Financials
Sales Info:
>> Commision split: 2.0%