Westside Plaza is a 74,562 square foot retail center located at a signalized high volume intersection in Phoenix, Arizona. The property offers a tremendous value-add opportunity with well below market rents, additional development possibility, future rent increases, and a price point well-below replacement cost.
With approximately 75,000 vehicles per day at the intersection and nearly 5,000 businesses and 125,357 Daytime Employees with 5 miles of the site, the property has attracted a nice mix of regional and national tenants such as Peter Piper Pizza, MetroPCS, and The Menta Group, who operates 16 schools throughout Arizona and Illinois.
• Great Cash Flowing Center with Upside
• Current NOI Over $500k at 87% Occupancy
• Well Below Market Rents
• Terrific Long-Term Tenants with Average Tenancy of 12 Years
• Annual Rent Increases
• Two Large Monument Signs with Ample Amount of Parking
• High Traffic Intersection with Nearly 75,000 Vehicles Per Day