6140 W Chandler Blvd - Retail FOR SALE


Chandler, AZ 85226- West Chandler
$2,850,000 USD
949-725-8582
6140 W Chandler Blvd, Chandler, AZ for Sale
$2,850,000 USD
Retail - FOR SALE
1/7
null | 3.93% Cap Rate

6140 W Chandler Blvd
Chandler, AZ 85226
West Chandler


HIGHLIGHTS

  • Multi-Tenant NNN Pad Offering – Shops at Chandler Business Center is a multi-tenant ±11,002 SF retail strip center that hosts a synergistic mix of “da
  • Significant Value Add Opportunity – In addition to the lease up of the ±3,843 SF vacant suite, embedded rental increases, and rolling rents to market
  • Outparcel Space at the Chandler Business Center – This site acts as a street front pad at the Chandler Business Center

OVERVIEW

* Multi-Tenant NNN Pad Offering – Shops at Chandler Business Center is a multi-tenant ±11,002 SF retail strip center that hosts a synergistic mix of “daily needs” food, beverage, and service tenancies like Subway, Tea Fresho, Ocean Blue, Chino-Mex, and Lucy Nails * Significant Value Add Opportunity – In addition to the lease up of the ±3,843 SF vacant suite, embedded rental increases, and rolling rents to market, the NOI is expected to increase by more than $265,400 (±236%) during the projected 10-year hold period * Outparcel Space at the Chandler Business Center – This site acts as a street front pad at the Chandler Business Center, a mixed-use center in the heart of the manufacturing district of the city. The tenant mix serves the surrounding daytime population of over 107,000 people within 3 miles from major corporations like Intel, Northrupp Grumman, Avnet Logistics, Isola USA, and many others * Convenient, Accessible Chandler Blvd Location – Located just off W Chandler Blvd (±16,400 CPD), and N Kyrene Rd (±20,800 CPD), the area’s primary throughfares for access to Interstate 10 (±97,400 CPD), and SR 202 (±99,200 CPD) * Well Below Market Rents – Property-wide, existing rents are on average $1.89 PSF (±20% below current market rates) and can be easily replaced, if not improved, as leases roll

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

3.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 3

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

PAD, Chandler

APN/PARCEL ID

301-68-959

ASK ABOUT THIS PROPERTY

Erin SmithCBREMore Info
949-725-8582

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Erin SmithCBREMore Info
949-725-8582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.