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Bldg 3 6140 W Chandler Blvd 11,002 SF 65% Leased Retail Building Chandler, AZ 85226 $2,850,000 ($259.04/SF) 3.93% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-Tenant NNN Pad Offering – Shops at Chandler Business Center is a multi-tenant ±11,002 SF retail strip center that hosts a synergistic mix of “da
- Outparcel Space at the Chandler Business Center – This site acts as a street front pad at the Chandler Business Center
- Significant Value Add Opportunity – In addition to the lease up of the ±3,843 SF vacant suite, embedded rental increases, and rolling rents to market
EXECUTIVE SUMMARY
* Multi-Tenant NNN Pad Offering – Shops at Chandler Business Center is a multi-tenant ±11,002 SF retail strip center that hosts a synergistic mix of “daily needs” food, beverage, and service tenancies like Subway, Tea Fresho, Ocean Blue, Chino-Mex, and Lucy Nails
* Significant Value Add Opportunity – In addition to the lease up of the ±3,843 SF vacant suite, embedded rental increases, and rolling rents to market, the NOI is expected to increase by more than $265,400 (±236%) during the projected 10-year hold period
* Outparcel Space at the Chandler Business Center – This site acts as a street front pad at the Chandler Business Center, a mixed-use center in the heart of the manufacturing district of the city. The tenant mix serves the surrounding daytime population of over 107,000 people within 3 miles from major corporations like Intel, Northrupp Grumman, Avnet Logistics, Isola USA, and many others
* Convenient, Accessible Chandler Blvd Location – Located just off W Chandler Blvd (±16,400 CPD), and N Kyrene Rd (±20,800 CPD), the area’s primary throughfares for access to Interstate 10 (±97,400 CPD), and SR 202 (±99,200 CPD)
* Well Below Market Rents – Property-wide, existing rents are on average $1.89 PSF (±20% below current market rates) and can be easily replaced, if not improved, as leases roll
* Significant Value Add Opportunity – In addition to the lease up of the ±3,843 SF vacant suite, embedded rental increases, and rolling rents to market, the NOI is expected to increase by more than $265,400 (±236%) during the projected 10-year hold period
* Outparcel Space at the Chandler Business Center – This site acts as a street front pad at the Chandler Business Center, a mixed-use center in the heart of the manufacturing district of the city. The tenant mix serves the surrounding daytime population of over 107,000 people within 3 miles from major corporations like Intel, Northrupp Grumman, Avnet Logistics, Isola USA, and many others
* Convenient, Accessible Chandler Blvd Location – Located just off W Chandler Blvd (±16,400 CPD), and N Kyrene Rd (±20,800 CPD), the area’s primary throughfares for access to Interstate 10 (±97,400 CPD), and SR 202 (±99,200 CPD)
* Well Below Market Rents – Property-wide, existing rents are on average $1.89 PSF (±20% below current market rates) and can be easily replaced, if not improved, as leases roll
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
11,002 SF
Building Class
B
Year Built
2002
Price
$2,850,000
Price Per SF
$259.04
Cap Rate
3.93%
NOI
$112,085
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.90 AC
Zoning
PAD, Chandler - Planned Area Development
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Retail Space Available For Lease - Former physical therapist office.
| Space | Size | Space Use | Position | Available |
| 5 | 3,843 SF | Retail | Outparcel | Now |
5
| Size |
| 3,843 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
5
| Size | 3,843 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Retail Space Available For Lease - Former physical therapist office.
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 301-68-959 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $355,094 |
PROPERTY TAXES
Parcel Number
301-68-959
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$355,094
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Bldg 3 | 6140 W Chandler Blvd
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