For Sale
$7,046,459.85

9812 7Th StPhoenix, AZ 85020

Phoenix retail center, 12 tenants, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
116
Mountain View Plaza presents a compelling investment opportunity in Phoenix, Arizona's burgeoning Sunnyslope submarket. This multi-tenant retail shopping center, totaling 26,178 square feet, sits on a 2.7-acre lot and features three buildings constructed in 1988 and renovated in 2010. The property boasts a strong tenant mix of 12 businesses, including a diverse range of established and new ventures, showcasing the area's revitalization. Recent lease signings and extensions demonstrate market demand and stability, with a projected pro-forma NOI of $472,112 and a 6.70% cap rate. The center offers ample parking with 153 spaces, five convenient access points, and two 20-foot monument signs for high visibility along 7th Street and Mountain View Road. The property is zoned C-2, allowing for a variety of commercial uses. The asking price is $7,046,459.85, translating to $269 per square foot. Five patios enhance the outdoor experience for patrons. This property represents a unique chance to capitalize on the ongoing transformation of a vibrant and rapidly developing neighborhood. The combination of established tenants, recent lease activity, and the potential for future rent increases makes this a highly attractive investment.

Highlights

  • Built in 1988, renovated in 2010.
  • Twelve (12) tenants currently occupy the space.
  • 2.7-acre land parcel.
  • C-2 zoning.
  • Multi-tenant retail shopping center.
  • Parcel Number: 159-42-001H, located at 9812-9832 North 7th Street, Phoenix, Arizona.

Property Details for 9812 7Th St

Property type
Lifestyle centers, Power centers
Square Feet
26,178 SF
Year Built/Renovated
1988/2010
Buildings
3
Lot Size (sq. ft)
117,612 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.575508073523
Longitude
-112.06591937075
9812 7Th St, Phoenix, Arizona

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9812 7Th St
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