15410 S Mountain Pky - Storefront FOR SALE


Phoenix, AZ 85044- Ahwatukee
$6,400,000 USD
602-770-3245
15410 S Mountain Pky, Phoenix, AZ for Sale
$6,400,000 USD
Storefront - FOR SALE
1/5
null | 6.75% Cap Rate

15410 S Mountain Pky
Phoenix, AZ 85044
Ahwatukee


HIGHLIGHTS

  • COMMITMENT TO AHWATUKEE NEIGHBORHOOD Miracle Nails, Foothills Physical Therapy, and Bleacher’s have been at the property since construction in 2000
  • RECENT LEASING MOMENTUM SIGNALS A STRONG SUBMARKET New leases from Dew Skinbar, Cotta Nostra Coffee, Haus of Artistry, & Phoenix Pilates and long-term
  • LONG TERM TENANCY Above average WALT of 7.81 years and 7 out of 8 tenants have annual increases
  • WELL BALANCED SERVICE-ORIENTED TENANT MIX Including food & beverage, physical therapy, nails/skincare, and more
  • EXCELLENT DEMOGRAPHICS AND HIGH HOUSEHOLD INCOMES 85045 zip code ranks the third highest median income in Metro Phoenix, 30% higher than the median of

OVERVIEW

Newmark Retail Capital Markets is pleased to present the opportunity to acquire Mountain Parkway Plaza, 100% leased strip retail center. This 18,880 square foot neighborhood center is home to eight tenants in the Ahwatukee area of Phoenix, Arizona. Mountain Parkway Plaza is about one mile north of the south Loop 202 Freeway and about one mile west of the I-10 Freeway. With frontage on Mountain Parkway, this property is adjacent to dense residential neighborhoods and several grocery centers, exposing the property to over 57,000 vehicles on a daily basis. This shopping center is situated at the intersection of Mountain Parkway and Mountain Sky Avenue less than 15 minutes from Phoenix Sky Harbor International Airport. Mountain Parkway Plaza is located in a high-income demographic neighborhood. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Phoenix, Arizona.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NWC Chandler & Mountain Pkwy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

CROSS STREETS

NWC Chandler & Mountain Pkwy

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

C-C C-C

APN/PARCEL ID

306-04-140

ASK ABOUT THIS PROPERTY

Steve JuliusNewmark, Inc.More Info
602-770-3245

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Steve JuliusNewmark, Inc.More Info
602-770-3245

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.