15846 N Cave Creek Rd Phoenix, AZ 85032

Listing agency SPERRY Insignia CRE

Listed by Adam Lam, CCIM · License #AZ SA664706000

Source Crexi

Added: Apr 11 Updated: Jul 20 at 9:43PM Checked: Jul 21 at 5:12AM

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Investment Insights

Based on property information with market context.

This retail property for sale is currently 80% occupied, with all leases in place on modified gross terms. The offering also contemplates a value-add approach through conversion of existing lease structures to NNN.

The property is located at 15846 N Cave Creek Rd in Phoenix, Arizona 85032.

According to the provided materials, the sale price is $2,100,000, reflecting a stated cap rate of 4.5% and NOI of $93,786, with the current leasing noted as modified gross across all tenants.

Key Highlights

• $2,100,000 list price ($134/SF) with a 4.5% cap rate
• 80% occupancy with current NOI of $93,786
• All leases are currently on modified gross terms

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FAQs

What type of property is this?

Retail space - Retail property for sale currently operating at 80% occupancy with all leases on modified gross terms.

Where is this retail space located?

The property is located at 15846 N Cave Creek Rd Phoenix, AZ.

What are key features of this property?

This property features: $2,100,000 list price ($134/SF) with a 4.5% cap rate; 80% occupancy with current NOI of $93,786; All leases are currently on modified gross terms