5665 W Bell Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5665 W Bell Rd
61,302 SF 100% Leased Retail Building Glendale, AZ 85308 £8,899,920 (£145/SF) 8.68% Net Initial Yield
Investment Highlights
- Recent Renovations in Excess of $2M
- 7-Year NNN Leases to be Executed at Close of Escrow
- Parking Lot Seal and Strip - July 2024
- New Roof with 20 Year Warranty Planned
- Phoenix Retail Vacancy at 4.6%, Recording 3.6M SF of Net Absorption
Executive Summary
Lee & Associates Arizona Commercial Real Estate Services Company (“Exclusive Broker”) is pleased to present the opportunity to purchase Talavi Towne Center II, consisting of ±61,302 square feet, situated on 5.67 acres of PAD zoned land, located in the heart of Glendale, Arizona (the “Property”).
The project is 100% leased to two (2) tenants, with new leases to be executed upon closing escrow, NNN structure, 2% annual increases, and renewal options. Ownership has completed several major capital expenditures including substantial tenant improvements, updated restrooms, painting, a new parking lot seal/stripe, and a new roof (currently being planned).
The project is 100% leased to two (2) tenants, with new leases to be executed upon closing escrow, NNN structure, 2% annual increases, and renewal options. Ownership has completed several major capital expenditures including substantial tenant improvements, updated restrooms, painting, a new parking lot seal/stripe, and a new roof (currently being planned).
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
61,302 SF
Building Class
B
Year Built/Renovated
1994/1998
Price
£8,899,920
Price Per SF
£145
Net Initial Yield
8.68%
NOI
£772,513
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.25
Land Acres
5.68 AC
Zoning
PAD
Parking
291 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
770 ft on W Bell Rd
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 200-50-204 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,078,391 |
PROPERTY TAXES
Parcel Number
200-50-204
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,078,391
-
Marcus Muirhead -
Greg Guglielmino -
Steve Gonzalez -
Lee & Associates
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
5665 W Bell Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.