8285 W UNION HILLS Drive, Glendale, AZ 85308 (MLS# 5891271)

8285 W UNION HILLS Drive, Glendale, AZ 85308

$5,050,000

Property Type: Comm/Industry Sale Square Footage: 9,690 Lot Size (sq. ft.): 56,086 Status: Closed

Current Price: $5,050,000 List Date: 3/04/2019 Last Modified: 7/02/2019

Overview

Description

Highly sought-after opportunity to purchase this multi-tenant retail strip center shadow anchored by two prominent retail giants, Walmart and Sam's Club. The subject property is comprised of 9,690 square feet, and is currently occupied by four widely known tenants. This property offers premium frontage along W. Union Hills Dr., with close proximity to Arrowhead Towne Center, Peoria Sports Complex, and the Loop 101. The property is surrounded by several big-name retailers which draw customers into the area. This property boasts local, regional, and national tenants, making this an attractive investment with advantageous tenant synergy .

Listing Details MLS# 5891271

Location, Tax & Legal

Map Code/Grid: K31
House Number: 8285
Compass: W
Street Name: UNION HILLS
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85308
Zip4: 0511
Country: US
County Code: Maricopa
Assessor Number: 200-43-003-U
Tax Year: 2018

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 9690
# of Buildings: Yes
Year Built: 2005
Uncvrd Parking Spcs: 49
Zoning: PAD

Remarks Misc

Cross Street: N. 83rd Ave. and W. Union Hills Dr.
Directions: Loop 101 to W. Union Hills Dr., head West. The property is on the corner of W. Union Hills Dr., and N. 83rd Ave., on the South side of the road.

Status Change Info

Off Market Date: 2019-05-10
Under Contract Date: 2019-05-03
Close of Escrow Date: 2019-07-01

Legal Info

Township: 4N
Range: 1E
Section: 35

More Information

Income Expenses

Net Operating Income: 344984

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block Roofing: Other Floors: Vinyl; Ceramic Tile; Carpet; Other Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished to Suit; Fire Sprinklers Exterior: Corner Lot Fencing: None Parking Features: Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 25,001 to 35,000 Environmental: None

Listing Office: R.O.I. Properties

Last Updated: July - 02 - 2019

8285 W UNION HILLS Drive, Glendale, AZ 85308 (MLS# 5891271)