$9,675,000 USD
602-734-7218
1166 S Gilbert Rd
Gilbert, AZ 85296
Downtown Gilbert
HIGHLIGHTS
- Value-add lease-up opportunity with ±9,000 SF of leasable space available, providing a new owner with clear path to grow income above in-place rents
- Attractive going-in cap rate of 7.00%, with the opportunity to increase cash flow through lease-up and tenant turnover
- Projected to increase NOI over 20% by Year 3
- Located in one of the fastest-growing and most desirable submarkets in the Southeast Valley
FOR SALE DETAILS
PRICE
$9,675,000 USD
PRICE/SF
$256 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SHOPS AT GILBERT TOWN SQUARE
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
53,143 SF
ZONING
SC
APN/PARCEL ID
302-82-965C
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
602-734-7218
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
602-734-7218
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
