Welcome or Register
Back to Home Page
$1,850,000 For Sale

5402 W Glendale Avenue
Glendale, AZ 85301



Commercial: Commercial - MLS# 5842978
Property Photo
1/12

Description

Prominent corner location in Glendale Downtown area. Fully leased property with extended leases. Listing is clean and in good repair.Upgrades completed on building in 2011 for roofing and additional space added to end building. Plenty of open parking. Great traffic count.Active and busy business' in area. City growth in progress. Heavy business activity for downtown during Holiday Seasons. 9 Parcels makeup property. Good tenant mix. 2 Prominent Monument Signage. CAP Rate is a 9% and lease increases over next 2 years will improve.

Features

  • # of Parking Spaces: 56
  • Building Type: Commercial, Industrial
  • Ceiling Height: 8.1 Feet to 10 Feet
  • Construction: Block
  • Cooling: Central A/C, Warehouse Evap
  • County/Area: Maricopa County
  • Electric: APS
  • Exterior: Corner Lot, Monument Sign, Building Sign, Dual Street Ftg
  • Fencing: None, Other (See Remarks)
  • Floors: Concrete, Ceramic Tile
  • Heating: Electric
  • Income & Expenses: Adjusted Gross In: 398200800.00
  • Income & Expenses: Annual Elec Exp: 500.00
  • Income & Expenses: Annual Ins Exp: 7700.00
  • Income & Expenses: Annual Legal &: 2400.00
  • Income & Expenses: Annual Maint Exp: 5000.00
  • Income & Expenses: Annual Mgmt Exp: 5040.00
  • Income & Expenses: Annual Other Expe: 11964.00
  • Income & Expenses: Annual Trash Exp: 1800.00
  • Income & Expenses: Annual Wtr/Swr Ex: 1800.00
  • Income & Expenses: Gross Annual Sch : 199200.00
  • Income & Expenses: Net Operating Inc: 160996.00
  • Income & Expenses: Vacancy Allowance: 2000.00
  • Interior: Finished
  • Listing Status: Active
  • Lot Dimensions: 228 X 227
  • Parking: Free, Public Parking, Paved Parking
  • Parking Spaces: 56
  • Property Type: Commercial
  • Roads/Streets: Asphalt/Blacktop, Sidewalk(s), Curb(s) & Gutter(s)
  • Roofing: Built-Up, Metal, Rolled, Foam
  • Sewer: Sewer - Public
  • Stories: 1 Story
  • Sub Type: Commercial
  • Subdivision: Park Place Blks 2, 5, 6
  • Subdivision/Neighborhood: Park Place Blks 2, 5, 6
  • Traffic Count: 15, 001 to 25, 000
  • Ttl Apx SqFt Bldg: 12800.00
  • Ttl Apx SqFt Land: 50000.00
  • Use Restrictions: CC&R's, Currently Leased
  • Water: City Franchise
  • Year Built: 1961
  • Zip Code: 85301
  • Zoning: C2
Kevin Beasley
602.920.2201 Office
888 - 496 - 4725 Facsimile
New Start Realty & Relocation
13376 W. Desert Ln.
Surprise, Arizona 85374
NewStartRealty@cox.net
www.BUYSurpriseAz.com

Review us on Google+!
      

  

Quick Search


view all


Any

Any

No Min.

No Max.
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu