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Equestrian Centre 12020 S Warner Elliot Loop 27,027 SF 92% Leased Retail Building Phoenix, AZ 85044 $5,800,000 ($214.60/SF) 7.10% Cap Rate
Executive Summary
The Equestrian Centre, located in the heart of the Ahwatukee Foothills, is 92.3% occupied with a diverse tenant mix that range from dancing & fitness studios, salons, office & medical, food uses, as well as traditional retail uses. All leases are NNN, most of which have annual increases.
Financial Summary (Actual - 2027) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$411,999
|
$14.99
|
Financial Summary (Actual - 2027)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $411,999 |
| Annual Per SF | $14.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
27,027 SF
Building Class
B
Year Built
1987
Price
$5,800,000
Price Per SF
$214.60
Cap Rate
7.10%
NOI
$411,999
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.76 AC
Zoning
RUPD - Maricopa County RUPD (Overlay Zoning District)
Parking
110 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Akerson's Holistic Healthcare Center
- Health Care and Social Assistance
- -
- -
- -
- -
- Bagels And Coffee
- -
- -
- -
- -
- -
- E-MIGOS E-Bike Retailer
- -
- -
- -
- Triple Net
- -
- JAB Fitness
- -
- -
- -
- Triple Net
- -
- Tree of Life Exotic Pet Medical Center
- Retailer
- -
- -
- -
- -
- Wagner Dance Arts
- -
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Akerson's Holistic Healthcare Center | Health Care and Social Assistance | - | - | - | - | |
| Bagels And Coffee | - | - | - | - | - | |
| E-MIGOS E-Bike Retailer | - | - | - | Triple Net | - | |
| JAB Fitness | - | - | - | Triple Net | - | |
| Tree of Life Exotic Pet Medical Center | Retailer | - | - | - | - | |
| Wagner Dance Arts | - | - | - | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former tenant was a dance school. Space would work well for other uses needing large training rooms such as yoga, pilates, martial arts school, etc.
| Space | Size | Space Use | Position | Available |
| 111 | 2,074 SF | Retail | In-Line | Now |
111
| Size |
| 2,074 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
111
| Size | 2,074 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former tenant was a dance school. Space would work well for other uses needing large training rooms such as yoga, pilates, martial arts school, etc.
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 301-55-726A | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $448,140 (2025) |
Property Taxes
Parcel Number
301-55-726A
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$448,140 (2025)
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