5409 W GLENDALE Avenue, Glendale, AZ 85301
$625,000
Property Type:
Comm/Industry Sale
Square Footage:
3,700
Lot Size (sq. ft.):
6,160
Status:
Closed
Current Price:
$625,000
List Date:
10/13/2022
Last Modified:
2/12/2025
Description
5409 W Glendale Avenue is a fantastic opportunity to own a high-performing unanchored multi-tenant retail center in the growing Downtown Glendale Submarket. With four retail suites and a diverse tenant mix, the strip center has two tenants with strong longer terms leases expiring in 2025 and 2026. Additionally, two suites will expire in March of 2023, giving the property rental income upside. The strip center fronts the heavily trafficked Glendale Rd and has proximity to Murphy Park and Grand Avenue.
More Information MLS# 6476939
Contract Info
Ownership: Fee Simple
Current Price: $625,000
Sold Price: $625,000
Status: Closed
List Date: 2022-10-13
Location, Tax & Legal
Assessor's Map #: 5
Legal Description (Abbrev): SUGAR ADD LOT 1 W2 & W2 LOT 2 BLK 2 EX N 12F RD P/F 94-468631
Assessor's Parcel #: 33
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92900
Taxes: 3225
Legal: SUGAR ADD LOT 1 W2 & W2 LOT 2 BLK 2 EX N 12F RD P/F 94-468631
Map Code/Grid: N32
House Number: 5409
Compass: W
Street Name: GLENDALE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2621
County Code: Maricopa
Subdivision: SUGAR ADD BLKS 1-6, 13, 14
Assessor Number: 146-05-033-A
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 3700
# of Buildings: 1
Uncvrd Parking Spcs: 0
Year Built: 1959
Zoning: C-2
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3225
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Other (See Remarks): 1
Business Type
Other: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.28
Equity: 685000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
10.1 Feet to 12 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Exterior
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Other: 1
See Remarks: 1
Water Source
Other: 1
See Remarks: 1
Building Features
Other (See Remarks): 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Use Restrictions
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 54th Ave & Glendale Ave
Directions: Head West on Glendale Ave, property is on your left just past 54th Ave.
Geo Lat: 33.538271
Geo Lon: -112.175406
Status Change Info
Off Market Date: 2022-10-26
Under Contract Date: 2022-10-21
Close of Escrow Date: 2022-11-14
Sold Price: $625,000
Legal Info
Lot Number: 1/2/-
Income Expenses
Net Operating Income: 49882.36
Property Features
Building Type: Other (See Remarks)
Business Type: Other; See Remarks
Stories: 1 Story
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: Other; See Remarks
Building Features: Other (See Remarks)
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: Other; See Remarks
Sewer: Other
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office:
R.O.I. Properties
Last Updated: February - 12 - 2025
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