SOLD

GREENWAY CENTER

2802/2822 E. Greenway Rd.
Phoenix, AZ

Price $2,065,000
Building Area 23,000 SF
Price Per SF $89.78
Occupancy 100%
Cap Rate (Actual) 7.65
Cap Rate (Proforma) 7.14
Year Built 1982

The subject property is a retail/office/warehouse center that was built in 1982. There is a frontage building that is comprised of warehouses with retail/offices facing Greenway and convenient drive-up parking. The suite on the east end of this building is 2-stotal square footage of only 120,479. All but one of those properties are 100% occupied and that one only has 5,000 sq. ft. available, representing a 4.2% area vacancy rate.

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