2303 N 44th St - Storefront FOR SALE


Phoenix, AZ 85008
$10,000,000 USD
602-952-3845
2303 N 44th St, Phoenix, AZ for Sale
$10,000,000 USD
Storefront - FOR SALE
1/5
null | 6.45% Cap Rate

2303 N 44th St
Phoenix, AZ 85008


HIGHLIGHTS

  • PRIME LOCATION ADJACENT TO LEADING RETAILERS
  • SOLID SUBMARKET WITH MINIMAL VACANCY
  • HIGH DENSITY AND HIGH TRAFFIC AREA
  • LONG-TERM GROUND LEASE WITH SALAD & GO
  • GENTRIFYING NEIGHBORHOOD WITH RESIDENTIAL REDEVELOPMENT

OVERVIEW

Newmark Retail Capital Markets is pleased to present the opportunity to acquire Arcadia Court, a 100% leased, infill shopping center with a drivethru pad on the edge of the Arcadia Neighborhood in Phoenix, Arizona. Arcadia Court consists of 22,198 SF of rentable space for 11 tenants in an L shaped building and Salad & Go. The property is just two miles north of the Loop-202 Freeway and is adjacent to a plethora of retail businesses, restaurants, and multifamily properties. On the northeast corner of 44th Street and Oak Street, the property is exposed to over 65,000 vehicles daily. Situated in a high-demographic neighborhood, close to the freeway, and 10 minutes from Phoenix Sky Harbor Airport, Arcadia Court offers an investor the rare opportunity to acquire a stable asset with a recently constructed drive-thru restaurant pad in a steadily busy yet rapidly growing part of Phoenix.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arcadia Court

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

C-2

APN/PARCEL ID

126-08-002L

ASK ABOUT THIS PROPERTY

Steve JuliusNewmark, Inc.More Info
602-952-3845

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Steve JuliusNewmark, Inc.More Info
602-952-3845

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