5402 W Glendale Avenue

    Glendale, AZ 85301
    • $1,625,000
    • STATUS: Active
    • ON SITE: 45 days
    • MLS #: 5985800
    UPDATED: 34 min ago
    $1,625,000
    • 0
      BEDS
    • 1.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,800
      SQFT
    • $127
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    Prominent corner location in Glendale Downtown area. Fully leased property with extended leases. Listing is clean and in good repair.Upgrades completed on building in 2011 for roofing and additional space added to end building. Plenty of open parking. Great traffic count.Active and busy business' in area. City growth in progress. Heavy business activity for downtown during Holiday Seasons. 9 Parcels makeup property. Good tenant mix. 2 Prominent Monument Signage. CAP Rate is a 9% and lease increases over next 2 years will improve.

    Monthly Payment Calculator



    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-16T23:11:08.52.
    www.klausteam.com/homes/99511294

    5402 W Glendale Avenue Glendale, AZ 85301

    • Price: $1,625,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 5985800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.15
    Acres
    12,800
    SQFT
    $127
    $/SQFT
    1961
    Built
    Neighborhood:
    Park Place Blks 2,5,6
    County:
    Maricopa
    Area:
    Glendale
    Property Description
    Prominent corner location in Glendale Downtown area. Fully leased property with extended leases. Listing is clean and in good repair.Upgrades completed on building in 2011 for roofing and additional space added to end building. Plenty of open parking. Great traffic count.Active and busy business' in area. City growth in progress. Heavy business activity for downtown during Holiday Seasons. 9 Parcels makeup property. Good tenant mix. 2 Prominent Monument Signage. CAP Rate is a 9% and lease increases over next 2 years will improve.
    Exterior Features

    Construction Block Covered Parking Spaces 0.00 Exterior Features Corner LotDual Street FtgBuilding SignMonument Sign Fencing NoneOther (See Remarks) Lot Size Dimensions 228 X 227 Parking FreePaved ParkingPublic Parking Roads Asphalt/BlacktopCurb(S) & Gutter(S)Sidewalk(S) Roofing Built-UpFoamRolledMetal Stories 1 Story Total Parking Spaces 56.00 Uncovered Parking Spaces 56.00

    Interior Features

    Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/CWarehouse Evap Flooring ConcreteCeramic Tile Heating Electric Interior Features Finished

    Property Features

    Adjusted Gross Inc 398200800.00 Annual Elec Exp 500.00 Annual Gas Exp 0.00 Annual Ins Exp 7700.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 2400.00 Annual Maint Exp 5000.00 Annual Mgmt Exp 5040.00 Annual Other Expense 11964.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1800.00 Annual Wtr Swr Exp 1800.00 Building Type CommercialIndustrial Cross Street Glendale Avenue And 54th Avenue Current Use MixedService BusinessRetail PadAutomobileRestaurantFood ServiceOther (See Remarks) Electric Aps Gas None Gross Annual Sch Inc 199200.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 18 Net Operating Income 160996.00 Operating Exp 47826.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Taxes 11622.00 Traffic Count 15001 To 25000 Use Restrictions Cc&R'sCurrently Leased Vacancy Allowance 2000.00 Water City Franchise Zoning C2

    Listing courtesy of Paramount Management & Realty, Llc.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-16T23:11:08.52.
     
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