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5048 W Northern Ave
Glendale, AZ 85301
Rjp Plaza · Retail Property For Sale
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
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,924 SF
Building Class
B
Year Built/Renovated
1970/2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.97 AC
Zoning
C-2, Glendale - Commercial
Parking
80 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 148-12-003M | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $356,517 |
Property Taxes
Parcel Number
148-12-003M
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$356,517
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