5048 W Northern Ave - Freestanding FOR SALE
Glendale, AZ 85301 |
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
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Rjp Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
19924
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
148-12-003M
