$9,930,000 USD
602-957-9800
E/NEC Norterra Pkwy & Happy Valley rd
Phoenix, AZ 85085
Deer Valley
HIGHLIGHTS
- New construction with long-term leases to tenants with established presence in the market: CAVA, Shake Shack, First Watch and Tropical Smoothie Cafe
- Strong scheduled rental escalations throughout the initial lease terms and option periods
- Multi-tenant retail component of new mixed-use lifestyle development Union Street at Norterra
- 100% occupied retail building with four complementary tenants
FOR SALE DETAILS
PRICE
$9,930,000 USD
PRICE/SF
$951 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Union Street Shops at Norterra
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.07 AC
LAND SF
90,169 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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602-957-9800
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Please correct the highlighted field(s).
602-957-9800
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
