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Faits saillants de l'investissement
- Prime infill location with strong demographics and traffic
- Stronger anchor presence with reversion to LA Fitness
- Upside through below-market rents and lease-up
- Within a high-demand, successful LA Fitness-anchored center
- Significant recent capital improvements
- Diverse parcel offering with breakup potential
Résumé de l'annonce
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.
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.
Faits sur la propriété
| Prix | 56 387 602 $ CAD | Nombre de propriétés | 8 |
| Prix/pi² | 325,37 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,91% | Taille totale du bâtiment | 173 304 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 15,97 AC |
| Statut | Actif |
| Prix | 56 387 602 $ CAD |
| Prix/pi² | 325,37 $ CAD / pi² |
| Taux de capitalisation | 7,91% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 8 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 173 304 pi² |
| Superficie totale du terrain | 15,97 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 3227 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 61 881 pi² | 1986 | - |
| 3321-3329 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 34 917 pi² | 1996 | - |
| 3249 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 34 879 pi² | 1986 | - |
| 3301 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 17 183 pi² | 1986 | - |
| 3329 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 10 000 pi² | 1996 | - |
| 3317 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 5 058 pi² | 1986 | - |
| 3247 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 4 986 pi² | 1986 | - |
| 3205 E Bell Rd, Phoenix, AZ 85032 | Commerce de détail | 4 400 pi² | 1993 | - |
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