OFFERING PRICE:
$12,181,000

PRICE PSF:
$96

CURRENT OCCUPANCY:
88%
FEATURED LISTING:
PLAZA 75
7307-7445 W. Indian School Rd., Phoenix, AZ
INVESTMENT HIGHLIGHTS
 
• Non-Commodity Restaurant, Essential Retail – Internet resistant tenancy including restaurant, food, medical, dental and service-related uses provide a bulwark against internet competition. These uses experience no competition from the internet
 
• Strong NOI Growth – The lease up of vacant space and reletting of below-market rent suites as leases expire should grow Net Operating Income (NOI) nearly $459,000 (50%) during a 10-year hold period
 
• Below Market Lease Rates – Approximately 111,343 SF (88%) of the project is leased at lease rates below current market rates. Property wide, CBRE estimates currently lease rates to be 18% below market
 
• Below Replacement Cost Opportunity – At the list price, the property will trade at a deep discount of its land-inclusive replacement cost estimated to be $300 PSF
 
• Significant Frontage and Visibility – Unmatched visibility with over ±1,260 feet of frontage along West Indian School Road (±35,365 CPD [1]), the trade area’s primary arterial
[1] Source: Costar Realty Information Inc.
 
• Functional Site Plan and Layout – Plaza 75 features a traditional, linear site plan and ample parking ensuring the property’s future leasing flexibility
 
• Recent Renovations – Recently renovated parking lot, park illumination conversion to LED lighting and a full building paint refresh will ensure limited major capital expenditures and reduced operating expenses into the future


CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST 
JIMMY SLUSHER
+1 949 725 8507
Lic. 01857569
jimmy.slusher@cbre.com
 		 ERIC SHAIN
+1 949 809 3758
Lic. 02050566
eric.shain@cbre.com
 		 PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com
JOHN EDDY*
+1 949 725 8550
AZ Lic. SA-626078000
john.eddy@cbre.com
 		 NANCY MCCLURE*
+1 520 323 5117
AZ Lic. SA-0028388000
nancy.mcclure@cbre.com



 
*This listing will be sold through the Arizona licensed real estate agents/brokers above. All questions, comments or other communications should be directed to John Eddy and Nancy McClure.



THIS IS A MARKETING COMMUNICATION

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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