[email protected] unlocking the value of real estate · 2019. 5. 31. · 4 700 sf sera's...

19TH AVENUE NEIGHBORHOOD CENTER FOR SALE: $995,000 INVESTOR OR OWNER USER OPPORTUNITY 11725 NORTH 19TH AVENUE | PHOENIX, AZ 85029 ± 10,100 SQUARE FEET

REBECCA ROBERTS PAUL BLUM, J.D., CCIM

602.369.7575 [email protected]

This document/email has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warran-ties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s). © 2019. All rights reserved.


Unlocking The Value of Real Estate

BLUM-ROBERTS GROUP

Kierland Corporate Center 7077 E. Marilyn Rd., Bldg. 4 Ste. 207

Scottsdale, AZ 85254

19TH AVENUE SHOPPING CENTER FOR SALE

SUMMARY

Address: 11725 North 19th Avenue, Phoenix, AZ 85029 Just South of Sunnyside Drive Sale Price: $995,000 ($98.51 per Square Foot) Size: ±10,100 SF Retail Center on ±33,018 SF lot Pro Forma NOI: $75,370.00 Pro Forma CAP Rate: 7.57% Zoning: C-2, City of Phoenix Features: Perfect for Behavioral Health, Rehabilitation, and Counseling Monument Signage Excellent Visibility on 19th Avenue 36 Parking Spaces Location: ± 1/8 Mile From Bus Stop at Sunnyside Drive ± 1.8 Miles from I-17 and Peoria Exit






BLUM-ROBERTS GROUP




RENT ROLL






BLUM-ROBERTS GROUP



Ste # Space Size Business Name Actual Monthly

Rent Actual Annual

Rent Occupied SF Vacant SF

1 1,000 sf Vacant $0.00 $0.00 --- 1,000 sf

2 1,000 sf Yerberia $800.00 $9,600.00 1,000 sf ---

3 700 sf Alcoholics Anonymous $513.00 $6,156.00 700 sf ---

4 700 sf Sera's Beauty Salon $542.72 $6,512.64 700 sf ---

5 800 sf Bertha Tailor Shop $500.00 $6,000.00 800 sf ---

6 800 sf Psychic $750.00 $9,000.00 800 sf ---

7&8 1,600 sf Vacant $0.00 $0.00 --- 1,600 sf

9&10 1,400 sf Vacant $0.00 $0.00 --- 1,400 sf

11 1,000 sf Lorena's $650.00 $7,800.00 1,000 sf ---

12 1,000 sf Raspados $868.22 $10,418.64 1,000 sf ---

Total 10,000 sf Total Gross Income $4,623.94 $55,487.28 6,000 sf 4,000 sf


INCOME AND EXPENSE






BLUM-ROBERTS GROUP



EXPENSES Actual

Sales Tax on Rent - State of Arizona ($1,248.77)

Total Real Estate Taxes ($12,784.00)

Insurance ($3,748.00)

Utilities - Water ($1,345.82)

Utilities - Electric ($2,405.67)

Professional Services ($1,938.77)

Repairs & Maintenance ($12,574.25)

Management Fee ($2,385.02)

Postage ($27.98)

2018 TOTAL EXPENSES ($38,458.28)

INCOME

Gross Rental Income $55,487.28

2018 GROSS INCOME $55,487.28

NET OPERATING INCOME

Total Income $55,487.28

Total Expenses ($38,458.28)

NOI $17,029.00


PRO FORMA RENT ROLL






BLUM-ROBERTS GROUP



Ste # Space Size

Business Name Type of Business Rate Pro Forma Monthly

Rent Pro Forma Annual

Rent

1 1,000 sf New New $18.00 $1,500.00 $18,000.00

2 1,000 sf Yerberia Natural herbs and religious articels $12.00 $1,000.00 $12,000.00

3 700 sf Alcoholics Anonymous Meetings $12.00 $700.00 $8,400.00

4 700 sf Sera's Beauty Salon Beauty Salon $12.00 $700.00 $8,400.00

5 800 sf Bertha Tailor Shop Tailor and Dressmaker $12.00 $800.00 $9,600.00

6 800 sf Psychic Meditation and Readings $12.00 $800.00 $9,600.00

7&8 1,600 sf New New $12.00 $1,600.00 $19,200.00

9&10 1,400 sf New New $12.00 $1,400.00 $16,800.00

11 1,000 sf Lorena's Health Foods and Nutritional supple-

ments $12.00 $1,000.00 $12,000.00

12 1,000 sf Raspados Hispanic style ice cream shop $12.00 $1,000.00 $12,000.00

Total 10,000 sf Total Gross Income $12.00 $10,000.00 $120,000.00


PRO FORMA INCOME AND EXPENSE






BLUM-ROBERTS GROUP



Income Pro Forma Monthly Income Pro Forma Annual Income

Total $10,000.00 $120,000.00

Expense Item

Pro Forma Monthly Expenses Pro Forma Annual Expenses

Sales Tax on Rent $300.00 $3,600.00

Utilities-Elec $850.00 $10,200.00

Utilities-Water $100.00 $1,200.00

Landscaping $100.00 $1,200.00

Waste Management $400.00 $4,800.00

Exterminator $40.00 $480.00 Professional Ser-vices

$33.33 $400.00

Accounting $62.50 $750.00

Insurance $333.33 $4,000.00

R&M $416.67 $5,000.00

Real Estate Taxes $1,083.33 $13,000.00

Total Expenses $3,719.17 $44,630.00

NOI $6,280.83 $75,370.00 Sale Price/Value $995,000.00

CAP Rate 7.57%


REGIONAL MAP






BLUM-ROBERTS GROUP




TRAFFIC REPORT






BLUM-ROBERTS GROUP




DEMOGRAPHICS






BLUM-ROBERTS GROUP



[email protected] unlocking the value of real estate · 2019. 5. 31. · 4 700 sf sera's...

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