5665 W Bell Rd - Storefront Retail/Office FOR SALE


Glendale, AZ 85308
$10,780,000 USD
602-474-9589
5665 W Bell Rd, Glendale, AZ for Sale
$10,780,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 9.08% Cap Rate

5665 W Bell Rd
Glendale, AZ 85308


HIGHLIGHTS

  • Recent Renovations in Excess of $2M
  • NNN Leases to be Executed at Close of Escrow
  • Phoenix Retail Vacancy at 4.6%, Recording 3.6M SF of Net Absorption
  • Parking Lot Seal and Strip - July 2024

OVERVIEW

Lee & Associates Arizona Commercial Real Estate Services Company (“Exclusive Broker”) is pleased to present the opportunity to purchase Talavi Towne Center II, consisting of ±61,302 square feet, situated on 5.67 acres of PAD zoned land, located in the heart of Glendale, Arizona (the “Property”). The project is 100% leased to two (2) tenants, with new leases to be executed upon closing escrow, NNN structure, 2% annual increases, and renewal options. Ownership has completed several major capital expenditures including substantial tenant improvements, updated restrooms, painting, a new parking lot seal/stripe, and a new roof (currently being planned).

FOR SALE DETAILS

PRICE

$10,780,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

9.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

291

LAND DETAILS

LAND ACRES

5.68 AC

LAND SF

247,421 SF

ZONING

PAD

APN/PARCEL ID

200-50-204

ASK ABOUT THIS PROPERTY

Marcus MuirheadLee & AssociatesMore Info
602-474-9589

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Marcus MuirheadLee & AssociatesMore Info
602-474-9589

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