Skip To Content

    5402 W Glendale Avenue

    Glendale, AZ 85301
    • $1,115,000
    • STATUS: Closed
    • ON SITE: 343 days
    • MLS #: 6103079
    Sold - 06/21/2021
    $1,115,000
    SOLD - 06/21/2021
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,952
      SQFT
    • $102
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    Prominent corner location in Glendale Downtown area. 80% leased property with extended leases. Property 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 +10% when fully leased and lease increases over next 2 years will improve.

    Monthly Payment Calculator



    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Ethridge Team - Realty One Group. Data last updated 2021-06-23T00:12:32.117.
    www.theethridgeteam.com/homes/107847316
    Print Image

    5402 W Glendale Avenue Glendale, AZ 85301

    • Price: $1,195,000
    • Status: Closed
    • MLS #: 6103079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    10,952
    SQFT
    $102
    $/SQFT
    1961
    Built
    Neighborhood:
    Park Place Blks 2,5,6
    County:
    Maricopa
    Area:
    Glendale
    Property Description
    Prominent corner location in Glendale Downtown area. 80% leased property with extended leases. Property 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 +10% when fully leased and lease increases over next 2 years will improve.
    Exterior Features

    Construction Block Covered Parking Spaces 0.00 Exterior Features Building SignCorner LotDual Street FtgMonument SignStorage Yard Fencing NoneOtherSee Remarks Freeway Highway 2.1 - 5 Miles Lot Size Dimensions 228 X 227 Parking FreePaved ParkingPublic Parking Railroad Rlrd Up To 1 Mile Roads AsphaltCurb(S) & Gutter(S)Sidewalk(S) Roofing Built-UpFoamMetalRolled Stories 1 Story Total Parking Spaces 56.00 Uncovered Parking Spaces 56.00

    Interior Features

    Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/CWarehouse Evap Flooring Ceramic TileConcrete Heating Electric Interior Features Finished

    Property Features

    Adjusted Gross Inc 188944.00 Annual Elec Exp 500.00 Annual Gas Exp 0.00 Annual Ins Exp 7700.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 1200.00 Annual Maint Exp 3200.00 Annual Mgmt Exp 5040.00 Annual Other Expense 36400.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 2700.00 Annual Wtr Swr Exp 1800.00 Building Type CommercialIndustrial Cross Street Glendale Avenue And 54th Avenue Current Use AutomobileFood ServiceMixed UseOfficeOtherRestaurantRetailRetail PadSee RemarksService Business Electric Aps Gas None Gross Annual Sch Inc 192800.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 18 Net Operating Income 125165.00 Operating Exp 71375.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Taxes 12835.00 Traffic Count 15001 To 25000 Use Restrictions Cc&R'sCurrently Leased Vacancy Allowance 0.02 Water City Franchise Zoning C2

    Listing courtesy of Paramount Management & Realty, Llc.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Ethridge Team - Realty One Group. Data last updated 2021-06-23T00:12:32.117.
     
    https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6103079-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6103079-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6103079-2.jpg
    Logo
    The Ethridge Team - Realty One Group
    17550 N Perimeter Dr Suite 160
    Scottsdale AZ, 85255