5048 W Northern Ave - Freestanding FOR SALE
Glendale, AZ 85301 |
$3,575,000 USD
866-889-0550
5048 W Northern Ave
Glendale, AZ 85301
HIGHLIGHTS
- Strong Real Estate Fundamentals – RJP Plaza is strategically positioned on the secondary corner of a high-density trade area, which sees traffic count
- Dense and Growing Population Base – The plaza is located within a thriving community, supported by a dense residential base. More than 518,254 residen
- Below Market Rents – Grifols currently pays below-market rental rates, presenting a clear opportunity for future rent growth and income upside for new
- Tenant Commitment – Both Tenants have been at the location over a decade and have executed several options. The tenant’s business models capitalizes o
- Low Price Per Square Foot – At $179.43 per square foot, RJP Plaza is priced well below replacement cost, offering an investor immediate value relative
- Stabilized Yet Affordable Asset – As one of the only stabilized assets available under $200/SF, RJP Plaza represents a rare opportunity to acquire a s
FOR SALE DETAILS
PRICE
$3,575,000 USD
PRICE/SF
$184 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rjp Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
1.96 AC
LAND SF
85,595 SF
ZONING
C-2, Glendale
APN/PARCEL ID
148-12-003M
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866-889-0550
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866-889-0550
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