3145 Chandler BlvdPhoenix, AZ 85048

Property Details for 3145 Chandler Blvd

Year built

2000

Construction

STEEL FRAME

Lot size

2.19 AC

Property size (Sq ft)

18,060 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

301-70-004V

APU

30170004V

Description

Pedregal Pointe, a Class A retail center in Phoenix, Arizona, offers exceptional opportunities for businesses seeking prime retail space. Built in 2000 and extensively renovated in 2020, this single-story center boasts 18,000 square feet of gross leasable area situated on a 2.19-acre lot. The property features 109 parking spaces and benefits from high visibility with 140 feet of frontage on East Chandler Boulevard. Multiple units are available, ranging from 1,480 to 3,924 square feet, providing flexibility for various retail concepts. The center is zoned Z2 and has a 3-phase power supply. Its convenient location in Phoenix, AZ 85048, places it at a major intersection with strong national retailer presence. The property's APN is 301-70-004V. Current tenants include established businesses such as Kumon, a nail salon, a pizza restaurant, and a UPS Store, indicating a strong and diverse tenant mix. The center's design allows for space planning to meet specific tenant requirements, and signage opportunities are available. This is an ideal location for businesses seeking high visibility and convenient access in a thriving Phoenix neighborhood. The minimum divisible space is 1,480 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,131,078

  6.5%

  $3,813,303

  7%

  $3,540,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,015,552

  Geo Method

  $7,015,552

• Alternative Use

  Use

  Valuation

  Residential

  $3,216,664

  Hospitality

  $2,946,447

  Educational

  $2,451,409

  Medical

  $2,535,717

  Retail

  $3,813,303

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.3046

Longitude

-112.016

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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