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4139 W Bell Rd
Phoenix, AZ 85053

$5,350,000 USD

Storefront For Sale  •  35,926 SF

Property Details

  • Property Type Storefront
  • Total Building Size 35,926 SF
  • Lot Size 3.58 AC
  • Building Class C
  • Year Built 1985
  • Tenancy Multiple
  • Zoning C-2, Phoenix
37 Transit Score
70 Walk Score

Highlights

Value priced at $149/SF, well below replacement cost
6.5 cap at current 87% occupancy- 7.5 cap at 95% occupancy conservatively assuming lower than asking lease rates
Low rents that average $11.58/SF
Stable occupancy- 71% of the tenants have been here for over 5 years and the average is 7 years
The center just to the west of this one sold for $298/SF in December 2021
Upside through lease-up and raising rents

Property Flyers

Amenities

  • Monument Signage

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 32 min - 22.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 194
Type: Surface
Included in Rent: Yes
Mark Rein 480-214-9414 Rein & Grossoehme
Mark Rein 480-214-9414 Rein & Grossoehme