3131 E Thunderbird Rd - Storefront FOR SALE
Phoenix, AZ 85032 |
3131 E Thunderbird Rd
Phoenix, AZ 85032
HIGHLIGHTS
- 80% occupied center priced on in-place income at a 7.45% capitalization rate
- 233 basis points (9.78% proforma capitalization rate) of upside achievable on lease up of the currently vacant space
- Unlevered IRR on a 10-year hold equals 11.43% ; Levered IRR on a 10-year hold equals 20.39% (Argus model available. Please contact Agent for details)
- Throughout the Coronavirus Pandemic, this project has maintained rental collections of 90% with 10% deferrals
- Void analysis /market studies/ and below market occupancy rates indicate excellent prospects for lease up of vacant suites
- End cap assemblage potential for credit tenant with high visibility and dedicated parking
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Mountainview Marketplace
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
128097
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
166-04-002G
