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

Overview

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.

Listing Details MLS# 6476939

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
SUGAR ADD BLKS 1-6, 13, 14
Assessor Number
146-05-033-A
Tax Year
2021
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

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
3700
# of Buildings
Yes
Year Built
1959
Zoning
C-2
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
54th Ave & Glendale Ave
Directions
Head West on Glendale Ave, property is on your left just past 54th Ave.

Status Change Info

Off Market Date
2022-10-26
Under Contract Date
2022-10-21
Close of Escrow Date
2022-11-14

Legal Info

Lot Number
1/2/-

More Information

Income Expenses

Net Operating Income
49882.36

Sold Info

Loan Type
Other
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Other
Yes

Roofing

Other
Yes

Floors

Other
Yes

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)
Yes

Business Type

Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
7.28
Equity
685000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes
10.1 Feet to 12 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Exterior

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

Other
Yes
See Remarks
Yes

Building Features

Other (See Remarks)
Yes

Sewer

Other
Yes

Parking Features

Other
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Use Restrictions

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

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)
IDX
Listing Office: R.O.I. Properties
Last Updated: February - 12 - 2025
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