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Plaza 32 8 Retail Properties Offered at $42,200,000 in Phoenix, AZ
INVESTMENT HIGHLIGHTS
- Prime infill location with strong demographics and traffic counts
- Stronger anchor presence with reversion to LA Fitness
- Within a high-demand, successful LA Fitness-anchored center
- Significant recent capital improvements
EXECUTIVE SUMMARY
Plaza 32 is a ±173,304 square foot community shopping center prominently located at the southeast corner of 32nd Street and Bell Road in North Phoenix. The center is currently
84.0% leased, with 16.0% vacancy, and has experienced leasing momentum with 13,351 square feet of new leases signed in the past 12 months. Anchored by LA Fitness (formerly
Esporta Fitness), one of the most recognized health club brands in the nation, Plaza 32 benefits from a strong internet-resistant and service-oriented tenant mix.
84.0% leased, with 16.0% vacancy, and has experienced leasing momentum with 13,351 square feet of new leases signed in the past 12 months. Anchored by LA Fitness (formerly
Esporta Fitness), one of the most recognized health club brands in the nation, Plaza 32 benefits from a strong internet-resistant and service-oriented tenant mix.
PROPERTY FACTS
| Price | $42,200,000 | Number of Properties | 8 |
| Price / SF | $243.50 / SF | Individually For Sale | 0 |
| Cap Rate | 6.49% | Total Building Size | 173,304 SF |
| Sale Type | Investment | Total Land Area | 15.97 AC |
| Status | Active |
| Price | $42,200,000 |
| Price / SF | $243.50 / SF |
| Cap Rate | 6.49% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Building Size | 173,304 SF |
| Total Land Area | 15.97 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3227 E Bell Rd, Phoenix, AZ 85032 | Retail | 61,881 SF | 1986 | - |
| 3321-3329 E Bell Rd, Phoenix, AZ 85032 | Retail | 34,917 SF | 1996 | - |
| 3249 E Bell Rd, Phoenix, AZ 85032 | Retail | 34,879 SF | 1986 | - |
| 3301 E Bell Rd, Phoenix, AZ 85032 | Retail | 17,183 SF | 1986 | - |
| 3329 E Bell Rd, Phoenix, AZ 85032 | Retail | 10,000 SF | 1996 | - |
| 3317 E Bell Rd, Phoenix, AZ 85032 | Retail | 5,058 SF | 1986 | - |
| 3247 E Bell Rd, Phoenix, AZ 85032 | Retail | 4,986 SF | 1986 | - |
| 3205 E Bell Rd, Phoenix, AZ 85032 | Retail | 4,400 SF | 1993 | - |
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Plaza 32
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