• Laveen Commons Shopping Center - 3540 West Baseline Road, Phoenix, AZ, 85042

For Sale

Retail

For Sale

This property is available for sale
12.32
Acres
$15,940,000
Sale Price
  • Year Built
    2008
  • Total Building Size
    102,070 RSF
  • Overview

    Exclusively offer for sale Laveen Commons Shopping Center (“Laveen Commons”), a ±102,070 SF community center in Laveen, Arizona, an “Urban Village” within the Phoenix Metropolitan Statistical Area (MSA). The property provides an investor the opportunity to acquire a ±98% occupied retail center below replacement costs, boasting an excellent lineup of anchor-tenants which comprise ±70% of the GLA. The anchor tenants include Big Lots, 99 Cents Only, Big 5 Sporting Goods and Pet Club. In addition to the three inline buildings, the offering includes the successful Federico’s Mexican Restaurant pad.

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Property Details

Exclusively offer for sale Laveen Commons Shopping Center (“Laveen Commons”), a ±102,070 SF community center in Laveen, Arizona, an “Urban Village” within the Phoenix Metropolitan Statistical Area (MSA). The property provides an investor the opportunity to acquire a ±98% occupied retail center below replacement costs, boasting an excellent lineup of anchor-tenants which comprise ±70% of the GLA. The anchor tenants include Big Lots, 99 Cents Only, Big 5 Sporting Goods and Pet Club. In addition to the three inline buildings, the offering includes the successful Federico’s Mexican Restaurant pad.

  • Property Type
    Retail
  • Submarket
  • Year Built
    2008
  • Sale Price
    $15,940,000
  • Total Building Size
    102,070RSF
  • Total Acres
    12.32
  • Cap Rate
    6.3%
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Property ID
    384655

Landlord's Sales Representatives

  • Andrew Fosberg
    CBRE
     
  • Molly Busch
    CBRE