Courtesy of: Michael Bauer, Windermere Van Vleet & Assoc2, michaelbauer@windermere.com
Courtesy of: Michael Bauer, Windermere Van Vleet & Assoc2, michaelbauer@windermere.com
$843,000
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Lot: 1.76 Acres
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Other
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$843,000
3404 S Pacific Highway Commercial building on South Pacific Highway. Previous tenant had a triple net lease at 5, 925/month, which equates to an 8.4% cap rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11, 008 square feet and in good condition.Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $11/sf and multifamily land @ $16, 200/unit.
Courtesy of: Michael Bauer, Windermere Van Vleet & Assoc2, michaelbauer@windermere.com
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