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Storefront For Sale • 35,926 SF
| Value priced at $149/SF, well below replacement cost |
| 6.8 cap at current 87% occupancy- 7.9 cap at 95% occupancy conservatively assuming lower than asking lease rates |
| Low rents that average $12.02/SF |
| Stable occupancy- 73% of the tenants have been here for over 5 years and the average is 7.2 years |
| The center just to the west of this one sold for $298/SF in December 2021 |
| Upside through lease-up and raising rents |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Phoenix Sky Harbor International | 33 min | - | 22.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 194 |
| Type: | Surface |
| Included in Rent: | Yes |
