Plaza 32 8 Retail Properties Offered at $56,387,602 CAD in Phoenix, AZ

Plaza 32 is a ±173,304 square foot community shopping center prominently located at the southeast corner of 32nd Street and Bell Road in North Phoenix. The center is currently
84.0% leased, with 16.0% vacancy, and has experienced leasing momentum with 13,351 square feet of new leases signed in the past 12 months. Anchored by LA Fitness (formerly
Esporta Fitness), one of the most recognized health club brands in the nation, Plaza 32 benefits from a strong internet-resistant and service-oriented tenant mix.
Ownership has recently completed significant capital improvements, including all new lighting and exterior paint upgrades, enhancing curb appeal and long-term positioning. The
property offers excellent accessibility with eight curb-cut access points spanning Bell Road, 32nd Street, 34th Street, and Phelps Road. Additionally, the site has received new zoning approval for self storage on the southeast corner, creating an immediate value add development opportunity.
Future upside is further supported by below market in-place rents, a vacant second-story space ideal for salon suites or coworking, and the optionality to build and sell off the newly
zoned self storage pad. Combined with its prime location in Maricopa County, the fastest growing county in the United States, Plaza 32 presents investors with a stable income stream, diverse tenancy, and multiple avenues for long-term growth.