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Foothills Park Plaza
1241 E. Chandler Boulevard, Phoenix, AZ 85048
20,173 SF | Retail
Retail Property - Off Market
- Gross Leasable Area:
- 20,173 SF
- Property Type:
- Property Sub-type:
- Neighborhood Center
- Property Use Type:
- Cap Rate:
- Year Built:
- Lot Size:
- 97,662 SF
- Listing ID
- Last Updated
- over 1 year ago
- located in the very desirable Ahwatukee Foothills/Club West Master Planned Community.
- Located at the main and most important intersection in the trade area.
- Great mix of tenants that provide diversity and a great cross promotional mix.
- Attractive building with good exposure to the street.
Foothills Park Plaza is a very well located 20,173 SF multi tenant shopping center. Situated in the heart of one of Phoenix's most desirable master planned communities (Ahwatukee Foothills/Club West), the property benefits from the high income/high net worth households in the area. Foothills Park Plaza has nine long term and diversified tenants that serve the trade area. The property is fortunate to have a wonderful tenant mix that seems to really generate a very good cross promotional environment for one another. Property is attractively priced - 9.75% cap on exisitng income plus only $75/SF for the vacant 3,420 SF end cap suite. (this $75/SF is well below replacement cost and provides some upside potential for the investor).
Located in the heart of the Ahwatukee Foothills/Club West master planned community, the property is on the corner of Desert Foothills Boulevard and Chandler Boulevard which is the most signifigant and main intersection serving the trade area. Chandler Boulevard runs east west all the way from the western edge of Ahwatukee Foothills/Club West all the way east to the I-10 freeway. It is the main route for residents getting form the area in to the balance of the Metro Phoenix area. Desert Foothills runs north/south serving the community and is planned to be oneof the freeway exits for the planned South Mountain Freeway.
Map of 1241 E. Chandler Boulevard, Phoenix, AZ 85048 (Maricopa County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P