8285 W UNION HILLS Drive, Glendale, AZ 85308

$5,050,000
Property Type: Comm/Industry Sale Square Footage: 9,690 Lot Size (sq. ft.): 56,086 Status: Closed
Current Price: $5,050,000 List Date: 3/04/2019 Last Modified: 7/02/2019

Overview

Description

Highly sought-after opportunity to purchase this multi-tenant retail strip center shadow anchored by two prominent retail giants, Walmart and Sam's Club. The subject property is comprised of 9,690 square feet, and is currently occupied by four widely known tenants. This property offers premium frontage along W. Union Hills Dr., with close proximity to Arrowhead Towne Center, Peoria Sports Complex, and the Loop 101. The property is surrounded by several big-name retailers which draw customers into the area. This property boasts local, regional, and national tenants, making this an attractive investment with advantageous tenant synergy .

Listing Details MLS# 5891271

Location, Tax & Legal

Map Code/Grid
K31
House Number
8285
Compass
W
Street Name
UNION HILLS
St Suffix
Drive
City/Town Code
Glendale
State/Province
AZ
Zip Code
85308
Zip4
0511
Country
US
County Code
Maricopa
Assessor Number
200-43-003-U
Tax Year
2018

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
9690
# of Buildings
Yes
Year Built
2005
Uncvrd Parking Spcs
49
Zoning
PAD

Remarks Misc

Cross Street
N. 83rd Ave. and W. Union Hills Dr.
Directions
Loop 101 to W. Union Hills Dr., head West. The property is on the corner of W. Union Hills Dr., and N. 83rd Ave., on the South side of the road.

Status Change Info

Off Market Date
2019-05-10
Under Contract Date
2019-05-03
Close of Escrow Date
2019-07-01

Legal Info

Township
4N
Range
1E
Section
35

More Information

Income Expenses

Net Operating Income
344984

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block Roofing: Other Floors: Vinyl; Ceramic Tile; Carpet; Other Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished to Suit; Fire Sprinklers Exterior: Corner Lot Fencing: None Parking Features: Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 25,001 to 35,000 Environmental: None
IDX
Listing Office: R.O.I. Properties
Last Updated: July - 02 - 2019
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