We maintain extensive data on
over 1,700 shopping centers in Arizona. In addition to numerous
prime, deliverable, exclusive listings, we are tracking over 160 other centers for sale in Arizona.
Contact Mark Rein at
480.214.9414
SELECTED PROPERTIES FOR SALE
|
STATUS |
PRICE | SQ. FT. | $/ S. F. | CAP | % OCC. | CITY | COMMENTS |
LINK |
| Anchored Neighborhood Centers*: | ||||||||
|
CLOSED |
$6,550,000 | ± 30,000 | $217 | 6.6 (A) | 85% | Mesa, AZ | Shops next to Safeway. Upside from leasing the vacant suites. Built in 2000 | |
| Unanchored Strip Centers: | ||||||||
| CLOSED | $1,250,000 | ± 9,000 | $139 | 2.7 (A) | 46% | Sun City, AZ | Located on a signalized intersection. Good redevelopment candidate. | |
| CLOSED | $2,465,000 | ± 26,000 | $90 | 8.0 (A) | 87% | Phoenix, AZ | Low rents. A freestanding pad is included. | |
| CLOSED | $4,125,000 | ± 48,000 | $86 | 8.5 (A) | 72% | Mesa, AZ | Low rents. Good redevelopment candidate. | |
| CLOSED | $4,800,000 | ± 43,500 | $110 | 6.2 (A) | 84% | Phoenix, AZ |
Very low rents. Located on a signalized intersection on Bell Road in East
Phoenix. |
|
| User Buildings: | ||||||||
|
AVAILABLE |
$3,600,000 | ± 22,500 |
$160 |
9.0 (P) |
58% |
Phoenix, AZ |
Recently remodeled office/retail center. Includes a highly improved 10,951 sq. ft. E-1 school space. Located near MetroCenter. Excellent owner/user building with room to expand or have other tenants reduce occupancy cost. | Click here |
|
CLOSED |
$1,325,000 | ± 13,600 | $97 | N/A- User bldg. |
0% | Tempe, AZ | Suitable for one or two tenants. Part of a +/-135,000 sq. ft. center. Lots of parking. Rear loading area with more parking. Located just off I-10 at Elliot & Priest. | |
(A) = Cap rate based on actual income at stated occupancy (P) = Cap rate based on proforma income, usually at 95% occupancy
The market is very active and it is common for properties to have offers currently being negotiated. Therefore, the above properties are subject to prior sale and interested parties should confirm their availability. References to square footage or age are approximate. *These centers may or may not include the anchor tenants as part of the property being offered for sale.
If you are considering buying or selling, we can provide:
Recent Sales Comparables
Excerpted articles from Rein
Retail Report:
...from Market Overview:
* 2001 Retail Market Summary
* 2000 Retail Market Summary
* 1999 Retail Market Summary
* 1998 Retail Market Summary
* 1997 Retail Market Summary
* 1996 Retail Market Summary
* 1995 Retail Market Summary
* 1994 Retail Market Summary
* 1993 Retail Market Summary
* 1992 Retail Market Summary
...from Legal Trends & Insights:
*Assuming
Conduit Loans (Spring 2000)
* Lot Split Issues- Some Caveats of Parcelizing (Spring 1998)
* End of Lease Term
Issues- Dealing with Holdovers (Summer 1997)
* Landlord
Non-Recourse Clauses- A Way to Limit Your Liability (Spring 1997)
* "Reps
& Warranties" in Contracts- How Important are They? (Summer 1996)
* "Repair"
vs. "Replace"- Choose Lease Language Carefully (Winter 1996)
* Creating & Preserving
Lease Guarantees (Spring 1995)
* Enforcing
Future Exclusive Use Clauses- Landlords Beware Now (Fall 1995)