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Tierra Del Sol Retail Center

1606-1618 E Bell Road
Phoenix, AZ 85022
Availability: Price:$4,250,000 Size:42,994 SF
Shipping: Marcus & Millichap is pleased to present Tierra Del Sol, a 42,994-square foot retail strip center on E Bell Road in Phoenix, Arizona.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Description

Marcus & Millichap is pleased to present Tierra Del Sol, a 42,994-square foot retail strip center on E Bell Road in Phoenix, Arizona. The property currently has an effective rent of $12.71 per SF, NNN, and has increases rents across the board in the past 3 years. The multi-tenant strip center is currently 71% occupied and has a very diverse tenant mix and has historically operated at near-stabilized levels. The offering includes four separate properties that encompass 3.83 acres of land on a signalized intersection. The property receives over 45,000 vehicles per day and is centrally located between the 17 and 51 Highways.

Features

  • $4,250,000 Purchase Price - $119.78 / SF
  • 6.1% CAP Rate
  • 71% Occupied Retail Strip Center
  • 3.83 AC Parcel
  • Diverse Tenant Mix - Restaurants, Coffee Shops, Fitness Center, Salons, and more

Sales Price

$4,250,000

Net Rentable Area

42,994 SF

Price Per SF

$99.01

Cap Rate

6.10%

Land Area

3.83 AC

Details

  • 22932232
  • Retail
  • Price:$4,250,000 Size:42,994 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present Tierra Del Sol, a 42,994-square foot retail strip center on E Bell Road in Phoenix, Arizona.

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