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5402 W Glendale Ave, Glendale, AZ 85301
0 Beds
0 Baths
12,800 sqft

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Prominent corner location in Glendale Downtown area. Fully leased property with extended leases. Listing is clean and in good repair.Upgrades completed on building in 2011 for roofing and additional space added to end building. Plenty of open parking. Great traffic count.Active and busy business' in area. City growth in progress. Heavy business activity for downtown during Holiday Seasons. 9 Parcels makeup property. Good tenant mix. 2 Prominent Monument Signage. CAP Rate is a 9% and lease increases over next 2 years will improve.
  • Price:
  • $1,625,000
  • Square Footage:
  • 12,800
  • Acreage:
  • 1.15
  • Year Built:
  • 1961
  • Listing ID #:
  • 5985800
  • Street Address:
  • 5402 W Glendale Ave
  • City:
  • Glendale
  • State:
  • Arizona
  • Postal Code:
  • 85301
  • County:
  • Maricopa
  • Subdivision:
  • Park Place Blks 2,5,6
  • Listing Status:
  • Active
  • Ceiling Height:
  • 8.1 Feet To 10 Feet
  • Construction Description:
  • Block
  • Dwelling Type:
  • Commercial, Industrial
  • Exterior Features:
  • Corner Lot, Dual Street Ftg, Building Sign, Monument Sign
  • Flooring:
  • Concrete, Ceramic Tile
  • Interior Features:
  • Finished
  • Stories:
  • 1 Story
  • Total Building Square Footage:
  • 12800
  • Type Of Roof:
  • Built-Up, Foam, Rolled, Metal
  • Year Built:
  • 1961
  • Adjusted Gross Income:
  • 398200800.00
  • Annual Electric Expenses:
  • 500.00
  • Annual Insurance Expenses:
  • 7700.00
  • Annual Legal & Accounting Expenses:
  • 2400.00
  • Annual Maintenance Expenses:
  • 5000.00
  • Annual Management Expenses:
  • 5040.00
  • Annual Trash Expenses:
  • 1800.00
  • Annual Water/Sewer Expenses:
  • 1800.00
  • Net Operating Income:
  • 160996.00
  • Operating Expense:
  • 47826.00
  • Conforms To Zoning:
  • C2
  • Existing Land Use:
  • Mixed, Service Business, Retail Pad, Automobile, Restaurant, Food Service, Other (see Remarks)
  • Lot Square Footage:
  • 50000.00
  • Use Restrictions:
  • Cc&r'S, Currently Leased
  • Property Taxes:
  • $11,622
  • Fence:
  • None, Other (see Remarks)
  • Parking Description:
  • Free, Paved Parking, Public Parking
  • Parking Spaces:
  • 56.00
  • Uncovered Parking Spaces:
  • 56.00
  • Cooling System:
  • Central A/C, Warehouse Evap
  • Electricity:
  • Aps
  • Existing Water:
  • City Franchise
  • Heating:
  • Electric
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listings Provided by Paramount Management & Realty
  • ARMLS

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