5754 W Glendale Avenue, Glendale, AZ 85301
$880,000
Property Type:
Comm/Industry Sale
Square Footage:
6,300
Lot Size (sq. ft.):
7,000
Status:
Closed
Current Price:
$880,000
List Date:
3/07/2018
Last Modified:
2/01/2022
Description
Right in the heart of Old Town Glendale* *One of the finest historic retail buildings on the strip* *City park is immediately west* * Parking is street parking along with town parking lots* *Five tenant spaces each seperately metered, each with a seperate address - 5740 is 1380 sq ft - 5 yr lease; 5746 is 1242 sq ft - 1 yr lease; 5748 is 660 sq ft - 3 yr lease; 5750 is 660 sq ft - 3 yr lease; and 5754 is 2,341 sq ft and will be vacant soon (note: this space has an addtional 720 sq ft basement) - Also Tenant in 5750 has proposed leasing this space -* *Additional Parcel 147-26-102* *Possible owner user for part of the space* *Possible investor looking at a 7+ Cap Rate* *Note: Other Expense is rental Tax @ 2.9% - $2,240 projected on new rents* *All Tenants in the process of signing new leases
More Information MLS# 5733078
Contract Info
Ownership: Fee Simple
Current Price: $880,000
Sold Price: $880,000
Status: Closed
List Date: 2018-03-07
Location, Tax & Legal
Assessor's Map #: 26
Assessor's Parcel #: 101
Add'l Parcels: Yes
Tax Municipality: Glendale
Taxes: 5682
Legal: TBD
Map Code/Grid: N32
House Number: 5754
Compass: W
Street Name: Glendale
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
County Code: Maricopa
Assessor Number: 147-26-101
Tax Year: 2017
General Property Description
Type of Property: Retail Center
Ttl Apx SqFt Bldg: 6300
Ttl Apx Net Rnt Spc: 6300
# of Buildings: 3
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 140 x 50
Year Built: 1925
Zoning: PR
Construction
Brick: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2258
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1807
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1717
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2240
Operating Exp: 13704
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 83460
Building Type
Commercial: 1
Business Type
Restaurant: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.53
Down Payment: 980000
Equity: 930000
1st Encumbrance: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Avg Rent P/SqFt: 11.25
Assessment Balance: 0
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Exterior
Corner Lot: 1
Building Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
15,001 to 25,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
None: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash Only: 1
Special
Exclusion(s) (SRmks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-866-7023
List Agent Cell Phn2: 602-989-9044
Sold Info
Loan Type: Cash
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: Glendale Ave and 58th Ave* *DO NOT Disturb Tenants
Geo Lat: 33.538708
Geo Lon: -112.183364
Status Change Info
Off Market Date: 2018-10-02
Under Contract Date: 2018-08-03
Close of Escrow Date: 2018-10-01
Sold Price: $880,000
Legal Info
Lot Number: 9
Income Expenses
Gross Annual Sch Inc: 83460
Net Operating Income: 70000
Property Features
Building Type: Commercial
Business Type: Restaurant; Retail
Stories: 1 Story
Construction: Brick
Roofing: Built-Up
Floors: Vinyl
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Exterior: Corner Lot; Building Sign
Fencing: None
Parking Features: None
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Special: Exclusion(s) (SRmks)
Source of Fincl Data: Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Traffic Count: 15,001 to 25,000
Environmental: None
Listing Office:
Realty Executives
Last Updated: February - 01 - 2022
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.