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1715 W Ruby Drive - Emerald Design Center Phase II - Building B, Tempe, AZ

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DetailMap
1715 W Ruby Drive - Emerald Design Center Phase II - Building B

N/NEC Warner Rd & I-10
Tempe, AZ 85284 - Chandler Ret Submarket

(8.5 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:2007
Building Size:25,165 SF Land Area:.59 AC (25,783 SF)
For Sale Price:Condo (see detail) Price/SF:For Sale
Cap Rate:-
Condos:This property has 2 condos for sale. The size of the for sale condos range from 6,626 SF to 11,605 SF. Parking:Free Surface spaces are available; Ratio of 1.27/1,000 SF


Condos For Sale:
Floor
Suite
Unit SF
Price
Space Use
  1st
103
6,626 SF
$745,000
Retail
  1st
106
11,605 SF
$1,165,000
Retail
 
3164001
2934750
Marketing Flyer Marketing Flyer  


Floor
Suite
Unit SF
Price
Space Use
1st
103
6,626 SF
$745,000
Retail
1st
106
11,605 SF
$1,165,000
Retail
Emerald Design Center offers individual ownership of a home decor showroom suite immediately adjacent to Ikea home furnishings. This incomparable location has over 1,000,000 square feet of furniture and home decor tenants in a convenient South Tempe location between Warner and Elliot Roads adjacent to I-10.

Sale Notes:


6,626 Sf Leased Retail Condo
Full Air-Conditioned
25 Parking Spaces
Showroom Lighting
12’x14’ Roll Up Truck Door
I-10 Freeway Signage Available
Leased to Haven Furniture and Design until 7/31/19
8/1/17 - 7/31/18 $6,000/Month Gross
8/1/18 - 7/31/19 $7,000/Month Gross
2015 Property Taxes: $11,353
2015 CAM Charges: $10,000
Current NOI: $50,647
Sales Price: $745,000 ($112.50/SF)
2017 Cap Rate: 6.8%



Lee & Associates
Rick S Robertson
(602) 954-3748


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