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4139 W Bell Rd
Phoenix, AZ 85053
Siete Square · Retail Property For Sale
Investment Highlights
- Value priced at $149/SF, well below replacement cost
- Low rents that average $12.02/SF
- The center just to the west of this one sold for $298/SF in December 2021
- 6.8 cap at current 87% occupancy- 7.9 cap at 95% occupancy conservatively assuming lower than asking lease rates
- Stable occupancy- 73% of the tenants have been here for over 5 years and the average is 7.2 years
- Upside through lease-up and raising rents
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
35,926 SF
Building Class
C
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
3.58 AC
Zoning
C-2, Phoenix - Commercial, C-2
Parking
194 Spaces (5.4 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 207-17-006L | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $373,994 |
Property Taxes
Parcel Number
207-17-006L
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$373,994
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