For Sale
$1,000,000

927 Hatcher RdPhoenix, AZ 85021

High-Yield Multi-Tenant Storefront

Overview

Added:
Dec 11, 2024
Days on market:
119
This Phoenix, Arizona, retail property at 927 W. Hatcher Rd offers a compelling investment opportunity. The 5,664 square foot, fully leased (100% occupancy as of February 8, 2024), multi-tenant storefront boasts five units in a Class C building constructed in 1985. Located in Maricopa County, with a C-2 zoning permit, the property sits on a 16,200 square foot lot. The asking price is $1,000,000, representing a price per square foot of $176.55 and a 6.42% capitalization rate. The current Net Operating Income (NOI) is $64,193. The property benefits from a majority of tenants having scheduled rent increases. Its location on Hatcher Road provides high visibility and foot traffic, with convenient access to major transportation routes and a mix of residential and commercial developments nearby. This institutional-grade investment presents a strong cash flow potential with a stable tenant base. The property's versatile layout is suitable for a variety of retail concepts. Ample parking is available. The APN is 158-31-027M. This is a fully leased, multi-tenant retail shopping plaza in North Central Phoenix.

Highlights

  • North Central Phoenix multi-tenant retail shopping center.
  • Fully leased retail plaza.

Property Details for 927 Hatcher Rd

Property type
Retail properties, Retail space
Square Feet
5,664 SF
Class
C
Year Built
1985
Buildings
1
Units
5

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.57128338
Longitude
-112.08611656
927 Hatcher Rd, Phoenix, Arizona

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927 Hatcher Rd
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