Foothills Family Plaza Strip
For Sale
Contact for pricing
Pending
1238 E Chandler Blvd, Phoenix, AZ 85048
Service and convenience-oriented retail center with 66% occupancy and existing income.
Property SizeContact for details
Days on Market147
Property Features for 1238 E Chandler Blvd
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
66%
Additional Details
Cap Rate
7.5%
Building Details
Tenancy
Multi
Listing Agency:
ARROW REIS
Listed By:
Sanford Burstyn · License #BR012858000
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Sep 1 at 1:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ARROW REIS
Investment Insights
Based on property information with market context.
Foothills Family Plaza is a strip mall focused on daily-needs, service, and convenience retail. The property is operating at 66% occupancy and carries a 7.5% cap rate on existing income, providing an established operating profile with additional space currently available within the center.
The property sits at the intersection of Chandler Boulevard and Desert Foothills Parkway in Phoenix’s Ahwatukee Foothills. A full diamond interchange serving the nearly completed Loop 202 Freeway extension is located 1 mile from the center. The surrounding submarket is identified as one of Metro Phoenix’s more affluent and highly educated areas, with 58% of residents holding a bachelor’s or graduate degree within the stated demographic area.
The property sits at the intersection of Chandler Boulevard and Desert Foothills Parkway in Phoenix’s Ahwatukee Foothills. A full diamond interchange serving the nearly completed Loop 202 Freeway extension is located 1 mile from the center. The surrounding submarket is identified as one of Metro Phoenix’s more affluent and highly educated areas, with 58% of residents holding a bachelor’s or graduate degree within the stated demographic area.
Key Highlights
- 7.5% cap rate on existing income
- 66% current occupancy
- Strip center at Chandler Boulevard and Desert Foothills Parkway
Property Analytics
Property Profile
Current Use
Lease Details
66%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 85048, AZ
34,524
Population
14,369
Households
2.4
Avg Household Size
42
Median Age
62%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
3,418
Density / Sq Mi
$123,198
Median Household Income
$70,210
Median Earnings
$1,995
Median Rent
$538,500
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Service and convenience-oriented retail center with 66% occupancy and existing income.
Where is this strip mall located?
The property is located at 1238 E Chandler Blvd Phoenix, AZ.
What are key features of this property?
This property features: 7.5% cap rate on existing income; 66% current occupancy; Strip center at Chandler Boulevard and Desert Foothills Parkway
