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Home > 8285 W UNION HILLS Drive, Glendale, AZ 85308 (MLS# 5891271)

8285 W UNION HILLS Drive, Glendale, AZ 85308

$5,050,000
Property Type: Comm/Industry Sale Square Footage: 9,690 Lot Size (sq. ft.): 56,086 Status: Closed
Current Price: $5,050,000 List Date: 3/04/2019 Last Modified: 7/02/2019

Description

Highly sought-after opportunity to purchase this multi-tenant retail strip center shadow anchored by two prominent retail giants, Walmart and Sam's Club. The subject property is comprised of 9,690 square feet, and is currently occupied by four widely known tenants. This property offers premium frontage along W. Union Hills Dr., with close proximity to Arrowhead Towne Center, Peoria Sports Complex, and the Loop 101. The property is surrounded by several big-name retailers which draw customers into the area. This property boasts local, regional, and national tenants, making this an attractive investment with advantageous tenant synergy .

More Information MLS# 5891271

Contract Info

Current Price: $5,050,000 Sold Price: $5,050,000 Status: Closed List Date: 2019-03-04 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: K31 House Number: 8285 Compass: W Street Name: UNION HILLS St Suffix: Drive City/Town Code: Glendale State/Province: AZ Zip Code: 85308 Zip4: 0511 Country: USA County Code: Maricopa Assessor Number: 200-43-003-U Tax Year: 2018

General Property Description

Ttl Apx SqFt Bldg: 9690 # of Buildings: 1 Year Built: 2005 Uncvrd Parking Spcs: 49 Zoning: PAD

Remarks Misc

Cross Street: N. 83rd Ave. and W. Union Hills Dr. Directions: Loop 101 to W. Union Hills Dr., head West. The property is on the corner of W. Union Hills Dr., and N. 83rd Ave., on the South side of the road. Geo Lat: 33.652219 Geo Lon: -112.235917

Status Change Info

Status Change Date: 2019-07-02 Off Market Date: 2019-05-10 Under Contract Date: 2019-05-03 Close of Escrow Date: 2019-07-01 Sold Price: $5,050,000

Legal Info

Township: 4N Range: 1E Section: 35

Income Expenses

Net Operating Income: 344984

Sold Info

Loan Type: Cash Payment Type: Other Clsing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Building Type: Commercial Current Use: Retail PAD Stories: 1 Story Construction: Block Roofing: Other (See Remarks) Floors: Vinyl; Ceramic Tile; Carpet; Other Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central A/C Loading Facilities: None Interior: Finished to Suit; Fire Sprinklers Exterior: Corner Lot Fencing: None Parking: Paved Parking Electric: Other (See Remarks) Gas: Other (See Remarks) Water: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: 25,001 to 35,000 Environmental: None
Listing Office: R.O.I. Properties
Last Updated: July - 02 - 2019
8285 W UNION HILLS Drive, Glendale, AZ 85308- MLS# 5891271
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