Listing Summary
On behalf of ownership, this premium commercial real estate offering presents the rare opportunity to acquire the fee simple interest in a beautifully maintained, 100% occupied multi-tenant retail and office building totaling approximately 3,900 square feet.
Full Description
Commercial Real Estate Investment Offering: Multi-Tenant Retail/Office Building
100% Leased Verizon Wireless & China Garden Pad Site – High-Visibility General Commercial Asset
Property Overview
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Property Type: Multi-Tenant Retail / Office Building
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Current Occupancy: 100% Leased
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Gross Leasable Area (GLA): ± 3,900 SF
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Land Area: ± 0.53 Acres (23,086 SF)
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Assessor's Parcel Number (APN): 105-18-025E
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Zoning: C1 (General Commercial)
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Year Built: 2004
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Asking Price Valuation: Approximately $651,300 (Based on a highly attractive $167 per SF pricing)
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Parking infrastructure: 15 Dedicated Spaces (3.85 spaces per 1,000 SF)
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Ownership Interest: Fee Simple (Land & Building Ownership)
Executive Summary: Secure Multi-Tenant Investment Opportunity
On behalf of ownership, this premium commercial real estate offering presents the rare opportunity to acquire the fee simple interest in a beautifully maintained, 100% occupied multi-tenant retail and office building totaling approximately 3,900 square feet. Anchored by a diverse and recession-resistant tenant mix—including global telecommunications leader Verizon Wireless and neighborhood culinary staple China Garden—this asset delivers an incredibly stable, immediate income stream from day one.
Engineered for localized risk mitigation, the asset benefits from a highly favorable lease structure, with the majority of the building operated under NNN (Triple Net) leases. This framework ensures that the tenants cover their proportionate share of property expenses, significantly insulating the landlord from rising operational costs and providing a predictable, hands-off return profile. Priced defensively at just $167 per square foot, this asset represents an exceptional entry point for passive investors looking to expand their commercial footprint or complete a seamless 1031 exchange into a stable, internet-resistant commercial property.
Strategic Retail Positioning & Premium Drive-By Intrinsic Value
The asset’s long-term value is structurally reinforced by its positioning as an exclusive pad site to a high-volume Safeway Grocery Store and Dollar Tree shopping center. Anchoring next to a dominant regional grocer creates a built-in, repetitive daily consumer draw that a standalone building simply cannot replicate.
Key Location Features & Site Advantages:
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Exceptional Street Frontage & Exposure: The building is perfectly situated along a primary commercial corridor, featuring excellent frontage that ensures high brand visibility for its tenants.
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Optimal Point of Access: Designed with ease of entry in mind, the site features multiple convenient ingress/egress points, making it frictionless for incoming customer traffic to access the storefronts and the 15 dedicated parking spaces.
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Versatile C1 Zoning: The General Commercial (C1) zoning designation provides immense long-term value and flexibility, naturally accommodating a wide variety of retail, medical, traditional office, and storefront restaurant uses.
Robust Demographic Profile & Asset Synergy
Built in 2004, the physical structure features an attractive, modern architectural design optimized for maximum utility, split seamlessly between restaurant and retail-storefront configurations.
| Investment Attribute |
Asset Performance & Market Advantage |
| Tenant Synergy |
The combination of a corporate-grade tech retail giant (Verizon) and an established dining anchor (China Garden) captures both daytime tech consumers and evening/weekend traffic. |
| Stability Metrics |
Balanced multi-tenant dependency protects against single-tenant vacancy spikes, keeping historical cash flow predictable. |
| Real Estate Intrinsic Value |
Buying land and building (Fee Simple) well below replacement cost at $167/SF provides a highly secure margin of safety for capital preservation. |
This property represents the ideal intersection of high-yield commercial real estate, corporate tenant stability, and an irreplaceable shadow-anchored grocery location.
Quick Glance
- Listing ID:
CL-Arizona-27757
- Status:
Active
- Year Build:
2004
- Building Size:
3,900 SqFt
- Lot Size:
1 Acr