9812 7Th St Phoenix, AZ 85020
- Lifestyle centers
- 26,178 SF
- 2.70 lot acres
Current Use by Public Records
- Moffat Kelly DVM / Veterinarian
- Alanna C. Greib, DC / Chiropractor
- VCA Mountain View Animal Hospital / Veterinarian / Pet Groomer
- John Sutherland / Internist / Cardiologist
- Dynamic Chiropractic Center / Chiropractor
Property Details for 9812 7Th St
- Year built
- 1988
- Lot size
- 2.70 lot acres
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.066
- Latitude
- 33.5755
