8285 W UNION HILLS Drive, Glendale, AZ 85308 - MLS #5891271

images$5,050,000 images******** Beds

images******** Bath images9,690 sqft images2005

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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 .

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
Contract Info
Current Price: $5,050,000
Sold Price: $5,050,000
Status: Closed
List Date: 2019-03-04
Ownership: Fee Simple
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
County Code: Maricopa
Assessor Number: 200-43-003-U
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 9690
# of Buildings: 1
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.
Geo Lat: 33.652219
Geo Lon: -112.235917
Status Change Info
Off Market Date: 2019-05-10
Under Contract Date: 2019-05-03
Close of Escrow Date: 2019-07-01
Sold Price: $5,050,000
Legal Info
Township: 4N
Range: 1E
Section: 35
Income Expenses
Net Operating Income: 344984
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $