Matthews™ is pleased to present the Van Buren Portfolio, a mixed-use investment opportunity consisting of multifamily and NNN retail assets located near Downtown Phoenix. The portfolio includes eight multifamily units and ten retail suites across four buildings on three separate parcels, offering investors a unique blend of stabilized income and future upside within a high-demand urban infill corridor.
The retail component is 100% occupied with five-year absolute NNN leases featuring 4% annual rent escalations, providing investors with predictable, low-maintenance cash flow. The multifamily portion consists of two buildings totaling eight units, with six units currently leased at $2,200 per month on traditional one-year leases and two units operating as short-term rentals. In total, the portfolio generates a strong in-place NOI of $444,377 across 12,995 square feet, reflecting an attractive blended cap rate of 8.71%.
Name
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CO701910000, BR715518000 (AZ)
Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Phone
(866) 889-0550