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1800 W Van Buren St 5,717 SF 100% Leased Retail Building Phoenix, AZ 85007 $6,975,984 CAD ($1,220.22 CAD/SF) 5.90% 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), reflecting a blended cap rate of 8
- 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
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
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
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,717 SF
Building Class
B
Year Built
1955
Price
$6,975,984 CAD
Price Per SF
$1,220.22 CAD
Cap Rate
5.90%
NOI
$411,798 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.30 AC
Zoning
C-3
Parking
8 Spaces (1.83 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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1800 W Van Buren St
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