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Rjp Plaza 5048 W Northern Ave 19,924 SF 100% Leased Retail Building Glendale, AZ 85301 $3,575,000 ($179.43/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Real Estate Fundamentals – RJP Plaza is strategically positioned on the secondary corner of a high-density trade area, which sees traffic count
- Below Market Rents – Grifols currently pays below-market rental rates, presenting a clear opportunity for future rent growth and income upside for new
- Low Price Per Square Foot – At $179.43 per square foot, RJP Plaza is priced well below replacement cost, offering an investor immediate value relative
- Dense and Growing Population Base – The plaza is located within a thriving community, supported by a dense residential base. More than 518,254 residen
- Tenant Commitment – Both Tenants have been at the location over a decade and have executed several options. The tenant’s business models capitalizes o
- Stabilized Yet Affordable Asset – As one of the only stabilized assets available under $200/SF, RJP Plaza represents a rare opportunity to acquire a s
EXECUTIVE SUMMARY
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 5048 Northern Ave LLC
- Public Administration
- -
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
Grifols is a global healthcare company that since 1909 has enhanced the health and well-being of people around the world. A leader in essential plasma-derived medicines and transfusion medicine, they develop, produce and provide innovative healthcare services and solutions in more than 110 countries. Patient needs and their ever-growing knowledge of many chronic, rare and prevalent diseases, sometimes life-threatening, drive their innovation in both plasma and other biopharmaceuticals to enhance quality of life. Grifols is focused on treating conditions across a broad range of therapeutic areas: neurology, immunology, hepatology and intensive care, pulmonology, hematology and infectious diseases. A pioneer in the plasma industry, they have the largest network of donation centers in the world, with more than 400 centers across North America, Europe, Africa and the Middle East, and China through a partnership with Shanghai RAAS.
- Total Medical Care
- Health Care and Social Assistance
- -
- -
- Triple Net
- Apr 2016
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 5048 Northern Ave LLC | Public Administration | - | - | - | - | |
|
|
Health Care and Social Assistance | - | - | Triple Net | - | |
| Total Medical Care | Health Care and Social Assistance | - | - | Triple Net | Apr 2016 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 148-12-003M | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $356,517 |
PROPERTY TAXES
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Rjp Plaza | 5048 W Northern Ave
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