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1746 W Van Buren St 12,995 SF 100% Leased Retail Building Phoenix, AZ 85007 $6,925,800 CAD ($532.96 CAD/SF) 8.71% Cap Rate
Investment Highlights
- The Van Buren Portfolio presents a rare opportunity to acquire a fully occupied, stabilized retail asset delivering predictable cash flow
- The multifamily units across 310-312 Van Buren offer flexibility between traditional leasing and short-term Airbnb strategies
- Situated on Van Buren Street and 18th Avenue, just 0.5 miles from I-17, the properties enjoy excellent accessibility and exposure to over 36,000 VPD
- The portfolio generates a combined NOI of $444,377 across 12,995 SF (8,055 SF of Retail & 4,940 SF of Multifamily),with blended cap rate of 8.71%
- Ownership of both 1746 W Van Buren and 1800 W Van Buren provides the ability to control both corners of the intersection
- The subject is located in the emerging Capitol District, home to 15,000+ government employees and undergoing a major redevelopment surge
Executive Summary
Matthews™ is pleased to present the Van Buren Portfolio, a mixed-use investment opportunity consisting of multifamily and NNN retail assets located near Downtown Phoenix. The portfolio includes eight multifamily units and ten retail suites across four buildings on three separate parcels, offering investors a unique blend of stabilized income and future upside within a high-demand urban infill corridor.
The retail component is 100% occupied with five-year absolute NNN leases featuring 4% annual rent escalations, providing investors with predictable, low-maintenance cash flow. The multifamily portion consists of two buildings totaling eight units, with six units currently leased at $2,200 per month on traditional one-year leases and two units operating as short-term rentals. In total, the portfolio generates a strong in-place NOI of $444,377 across 12,995 square feet, reflecting an attractive blended cap rate of 8.71%.
Name
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CO701910000, BR715518000 (AZ)
Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Phone
(866) 889-0550
The retail component is 100% occupied with five-year absolute NNN leases featuring 4% annual rent escalations, providing investors with predictable, low-maintenance cash flow. The multifamily portion consists of two buildings totaling eight units, with six units currently leased at $2,200 per month on traditional one-year leases and two units operating as short-term rentals. In total, the portfolio generates a strong in-place NOI of $444,377 across 12,995 square feet, reflecting an attractive blended cap rate of 8.71%.
Name
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CO701910000, BR715518000 (AZ)
Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,995 SF
Building Class
B
Year Built
1955
Price
$6,925,800 CAD
Price Per SF
$532.96 CAD
Cap Rate
8.71%
NOI
$603,237 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.30 AC
Zoning
C-3
Parking
8 Spaces (0.62 Spaces per 1,000 SF Leased)
Frontage
80’ on Van Buren Street
Amenities
- Bus Line
- Corner Lot
- Fenced Lot
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 111-24-013A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $61,020 CAD |
Property Taxes
Parcel Number
111-24-013A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$61,020 CAD
Contacts
-
Trevor Von Behren -
Brad Skenderian -
Alex DeSoto -
Matthews Real Estate Investment Services
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1746 W Van Buren St
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