Property details
Shopping Centers For Sale, Southwest Region
Additional Remarks
Commission is 1.5% to Buyers Broker based upon an at list offer, any offer other then list, is subject to negoitiation by Seller.
Additional Loan Info
Property Description
Shopping Centers For Sale
• Class A 103,500 sq ft Shopping Center
• Shopping Center serves residents of 4 major areas
• Center has excellent freeway visibility and accessibility
• Shadow anchored by 31,000 sq ft Athletic Center
• All Leases are NNN
• Excellent traffic counts
• Excellent access to a major Freeway and Interstate Highway which are adjacent to this development
• This property has an existing loan in the amount of $34,000,000.00 at a rate of 6.2%, 10 year note with a 1% assumption fee. Interest only 8/11/07-7/11/12
• P&I 8/11/12-1/11/17 at a 30 year amortization. Matures 1/11/17
• Adjacent retailers in the immediate area include Best Buy, Costco, Circuit City, Borders
• Books, Bed, Bath and Beyond, Old Navy, Theaters, Pet Co, Bank of America, Auto Mall and so much more!
Developer has their upscale portfolio of shopping centers for sale with a price range from $5.8 - $54 Million.
This shopping center is located between two major highways.
Shopping centers for sale which would be ideal for a 1031 exchange buyer that wants to close fast. The property has an existing loan as follows: loan in the amount of $34,000,000.00 at a rate of 6.2%, 10 year note with a 1% assumption fee. Interest only 8/11/07-7/11/12, P&I 08/11/12-01//1/17 at a 30 year amortization. Matures 01/11/17. This shopping center offers 103,500 sq ft of gross leasable space at a high visibility and easily accessible corner. This is a regional shopping center.
What type of Shopping Centers For Sale are buyers looking for?
Shopping Centers For Sale come in all types and sizes. Buyers of shopping centers will typically be looking for either upside in a center, or, they want their shopping centers to be fully leased up.
Other property related to Shopping Centers For Sale
PROPERTY SEARCH, expand the Property Types, then check the box for "Shopping Center".Images
Highlights
- Status:
- Available
- Price:
- $40,582,681
- PSF:
- $392
- Cap Rate:
- 7.50%
- Annual Rent:
- $541,102
- Rent Increases:
- None
Property Information
- Building Size:
- 103,500 sq.ft.
- Property Type:
- Shopping Center
- Industry Type:
- Retail
- Year Built:
- 2006
- Land Area:
- 11.87 acres
- Purchase Tenure:
- Fee Simple
Existing financing information
- Interest rate:
- 6.2%
- Amortized over:
- 30 years
- Annual Cash Flow:
- $541,102
- Cash on Cash Return:
- 8.22%
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.