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6170 W Chandler Blvd
Chandler, AZ 85226
Retail Property For Sale


Executive Summary
Velocity Retail Group is pleased to offer this 23,761 SF, 100% occupied multi-tenant shops building on a +/- 1.94 ac improved parcel located at 6170 W Chandler Blvd, Chandler, AZ 85226 (the “Property”). This offering provides an excellent opportunity for a commercial property investor to acquire a high-quality multi-tenant retail property located in a desirable area of the high growth greater Phoenix metropolitan area.
Offering Highlights~
High Traffic Chandler Blvd Frontage Pad Location: The Property fronts Chandler Blvd, carrying 30,730 CPD. Chandler Blvd arterial provides commuters with easy access to the West Chandler Business Corridor surrounding the Property. The I-10 Fwy (227,000 CPD) is located 1.3 miles west and 101 Fwy (129,038 CPD) is 3.1 Miles east of the Property. Both I-10 and 101 freeways have interchanges at Chandler Blvd.
Affluent Local Area Demographics: In the 3-Mile radius, the population is 74,649 with an average household income of $142,504. The attractive Ahwatukee neighborhood, located 2 miles west of the Property, has a population of over 74,000 residents.
NOI Upside Potential: Copperstate Tackle and Gryphen Specialty Services & Products are leased through 2031. KidsUnited’s new lease has a 10-year primary term, which runs through 2036. DeLex Realty’s lease is month-to-month at a below market rent, giving a Buyer an opportunity to replace Delex Realty with a new tenant at a higher lease rate.
West Chandler Business Corridor Vicinity: Anchored by Intel’s Chandler campus 1-mile to the east of the Property, the West Chandler Business Corridor is a major local area daytime population attraction. In the 3-mile radius of the Property, there are 5,186 businesses with 56,881 employees.
Chandler, Arizona, with a population of over 290,000, forms part of the greater Phoenix Metro area (5,230,000 population). The Phoenix Metro area is super regional high growth sun belt group of cities. The City of Chandler, located in the Southeast Valley of Phoenix Metro area, is considered a desirable place to live with its many retail establishments, employments centers and proud community members.
Offering Highlights~
High Traffic Chandler Blvd Frontage Pad Location: The Property fronts Chandler Blvd, carrying 30,730 CPD. Chandler Blvd arterial provides commuters with easy access to the West Chandler Business Corridor surrounding the Property. The I-10 Fwy (227,000 CPD) is located 1.3 miles west and 101 Fwy (129,038 CPD) is 3.1 Miles east of the Property. Both I-10 and 101 freeways have interchanges at Chandler Blvd.
Affluent Local Area Demographics: In the 3-Mile radius, the population is 74,649 with an average household income of $142,504. The attractive Ahwatukee neighborhood, located 2 miles west of the Property, has a population of over 74,000 residents.
NOI Upside Potential: Copperstate Tackle and Gryphen Specialty Services & Products are leased through 2031. KidsUnited’s new lease has a 10-year primary term, which runs through 2036. DeLex Realty’s lease is month-to-month at a below market rent, giving a Buyer an opportunity to replace Delex Realty with a new tenant at a higher lease rate.
West Chandler Business Corridor Vicinity: Anchored by Intel’s Chandler campus 1-mile to the east of the Property, the West Chandler Business Corridor is a major local area daytime population attraction. In the 3-mile radius of the Property, there are 5,186 businesses with 56,881 employees.
Chandler, Arizona, with a population of over 290,000, forms part of the greater Phoenix Metro area (5,230,000 population). The Phoenix Metro area is super regional high growth sun belt group of cities. The City of Chandler, located in the Southeast Valley of Phoenix Metro area, is considered a desirable place to live with its many retail establishments, employments centers and proud community members.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,761 SF
Building Class
B
Year Built
2002
Price
$5,870,000
Price Per SF
$247.04
Cap Rate
7.40%
NOI
$434,446
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.94 AC
Zoning
PAD - City of Chandler
Amenities
- Signage
Property Taxes
| Parcel Number | 301-68-958 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $434,372 |
Property Taxes
Parcel Number
301-68-958
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$434,372
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