9812 7Th StPhoenix, AZ 85020

Property Details for 9812 7Th St

Year built

1988

Lot size

2.70 AC

Property size (Sq ft)

26,178 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5755

Longitude

-112.066

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