4139 W Bell Rd - Storefront FOR SALE
Phoenix, AZ 85053 |
4139 W Bell Rd
Phoenix, AZ 85053
HIGHLIGHTS
- Value priced at $149/SF, well below replacement cost
- 6.8 cap at current 87% occupancy- 7.9 cap at 95% occupancy conservatively assuming lower than asking lease rates
- Low rents that average $12.02/SF
- Stable occupancy- 73% of the tenants have been here for over 5 years and the average is 7.2 years
- The center just to the west of this one sold for $298/SF in December 2021
- Upside through lease-up and raising rents
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Siete Square
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
35926
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
194
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
207-17-006L
