8110 W Union Hills Dr, Glendale, AZ
Retail for Sale - $10,260,000 - 52,247 Sq. Ft. on 7.02 acres
Property Info
CIMLS# | 856164 |
Location 8110 W Union Hills Dr Glendale AZ 85308 | |
Updated | August 25th, 2016 |
Type | Retail |
Price | $10,260,000 |
Building | 52,247 Sq. Ft. |
Land | 7.02 acres |
Property Description
This Upscale Shopping Center features below market rents with upside potential. Located off the 101 Freeway adjacent to the Glendale Northwest Power Center. Union Hills Square features four distinctly attractive buildings constructed in 2005 totaling 52,247 SF set on 7.02 Acres. The property features a collection of family focused destinations including Playgrounds Fun Zone and Cafe, Sylvan Learning Center, Fitness, Health and Dental Care, Personal Aesthetics, Dining and Entertainment.
Location Description:
The subject property is located located with visibility and access from the 101 Freeway adjacent to the densely populated Arrowhead trade area with over 230K population within 5 miles, projected to increase 10.2% over the next five years. The current average household income demographic of over $80,000 with an average age of 37 makes the trade attractive to retailers, restaurants, and professional service providers. The Arrowhead trade district is anchored by Arrowhead Towne Center, a vibrant trade area draw to neighboring communities for dining, shopping, and entertainment with 1.196 million square feet in total within 1 mile of the property. Surrounding communities support the ease of access to the 101 Freeway.
Highlights:
>> Below Market Rents with a solid tenant mix.
>> Below replacement value.
>> Strong Trade Area
>> 101 Freeway Visibility/ Access
>> Prime location at lighted exit from Loop 101 with over 50,000 cars daily
>> Family oriented Tenant mix provides community draw
>> Contemporary Architecture with unique design elements
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Financials
Sales Info:
>> Commision split: 2.0%