NEC Bell Rd & 51st Ave
17145-17155 N. 51st Ave., Glendale, AZ
Price
$2,300,000
Price per SF
$139.61
Occupancy
86%
Cap Rate (Actual)
7.17
This is a high quality center built in 2007 that is located in the dynamic Arrowhead area. The center is being offered at a 6.5 cap rate based on the current 86% occupancy. The cap rate increases to protect and increase profits made on another property.
As of August, all tenants are current and paying rent. Some have even prepaid one or more months.
