Historical Retail Sale Listing - SAFEWAY South Mountain Plaza

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SAFEWAY South Mountain Plaza

6044 S. 16th Street, Phoenix, AZ 85042

N/A

26,341 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
26,341 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Retail (Other)
Community Center
Strip Center
Property Use Type:
Investment
Cap Rate:
7%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2000
Lot Size:
5.50 AC
Listing ID
14324055
Last Updated
over 1 year ago

Highlights

  • SHADOW ANCHORED BY SAFEWAY
  • NEIGHBORHOOD CENTER
  • 100 % LEASED STABLE TENANTS LONG TERM LEASES
  • LOAN MUST BE ASSUMED
  • 1% of Purchase price to Buyer's Broker
  • LARGE APT COMPLEX IN BUILDING PHASE ON ADJACENT PARCEL

Description

This 26,341sf side shop space of the Safeway shopping center is located on the SW corner of 16th Street and Southern Ave. A $2,800,000 note held by Wachovia Securities (as of 1/03) at an interest rate of 6.05%, oringally on a 25 year amortization. Monthly principal and interest payments are $16,877.53 and all unpaid prinicpal interest is due January, 2013. This is a locked-in loan and is no pre-payable before January 2007. Large Apartment complex under construction on the adjacent parcel.

Southwest corner of 16th Street and Southern in Phoenix, Arizona

Map of 6044 S. 16th Street, Phoenix, AZ 85042 (Maricopa County)

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