100% Occupied Retail Strip Acquired for $5 Million

Jul 24,2019

Glendale, AZ-This highly sought-after 100% occupied multi-tenant retail strip center, is shadow-anchored by two prominent retail giants, Walmart and Sam’s Club.  The property was acquired by Armstrong Capital Development, for $5,050,000, at an approximate 6.8% Cap Rate. The subject property is comprised of 9,732 square feet, and is currently occupied by four strong tenants on long-term leases: T-Mobile, OneAZ Credit Union, CR Smiles Dental, and Caramba Mexican Food. The property has premium frontage along W. Union Hills Dr., with close proximity to Arrowhead Towne Center, Peoria Sports Complex, and Loop 101.The sale was brokered through Beth Jo Zeitzer, Justin Cirell, and Jason Butler of R.O.I. Properties in Phoenix.

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