This property is Off-Market

6044 S. 16th Street
Phoenix, AZ 85042 ·

26,341 SF · Retail For Sale

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SAFEWAY South Mountain Plaza

Price N/A Occupancy 100%
Gross Leasable Area 26,341 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type
Neighborhood Center
More...
  • Retail (Other)
  • Community Center
  • Strip Center
Year Built 2000
Property Use Type Investment Lot Size 5.50 AC
Cap Rate 7%
Listing ID: 14324055 Date Created: 09/02/2005 Last Updated: 07/25/2006

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

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

Research

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

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