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
- County Code
- Maricopa
- Assessor Number
- 200-43-003-U
- Tax Year
- 2018
- Assessor's Map #
- 43
- Legal Description (Abbrev)
- POR NW4 SEC 35 DAF COM NW COR SD SEC 35 TH E 442.22F TH S 65F TO TPOB TH E 229.55F TO NON-TAN CUR CO
- Assessor's Parcel #
- 3
- Assessor Parcel Ltr
- U
- Add'l Parcels
- No
- Tax Municipality
- Glendale
- Census Tract
- 617700
- Taxes
- 28748
- Legal
- POR NW4 SEC 35 DAF COM NW COR SD SEC 35 TH E 442.22F TH S 65F TO TPOB TH E 229.55F TO NON-TAN CUR CO
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 $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
Roofing
- Other
- Yes
Floors
- Vinyl
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
- Other
- Yes
Income & Expenses
- Annual Elec Exp
- 2098
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2950
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 7200
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 5280
- Annual Mgmt Exp
- 13525
- Annual Trash Exp
- 4055
- Annual Wtr/Swr Exp
- 5946
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Building Type
- Commercial
- Yes
Business Type
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Cap Rate
- 6.63
- Down Payment
- 0
- Equity
- 5200000
- Total Owed
- 0
- Assessment Balance
- 0
Ceiling Height
- 8.1 Feet to 10 Feet
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished to Suit
- Yes
- Fire Sprinklers
- Yes
Loading Facilities
- None
- Yes
Road Surface Type
- Asphalt
- Yes
Exterior
- Corner Lot
- Yes
Source of Fincl Data
- Unknown
- Yes
Traffic Count
- 25,001 to 35,000
- Yes
Fencing
- None
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- Up to 1 Mile
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Paved
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- Other (See Remarks)
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
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
Listing Office: R.O.I. Properties
Last Updated: July - 02 - 2019
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