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LNR Partners LLC.  PROPERTIES FOR SALE

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PROPERTY LOCATION
Arcadia Towne Center
4730-4750 East Indian School Road
Phoenix, Arizona 85018
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PROPERTY SUMMARY
Type: Retail
Class: A
Price: Contact Broker   Auction
Measurement/Yardstick: 69,503 Sq Ft
Number of Buildings: 4
Number of Floors: 2
Occupancy: 93%
Year Built: 1966
Year Renovated:
PROPERTY DESCRIPTION
Subject is a 69,503 sf Safeway shadow-anchored center in Phoenix (5 miles NE of CBD). Subject enjoys a hard corner location, across from Arcadia High School. Asset was built in phases: 1966, 1998 and 2006, situated on a 4.73-acre site. Safeway is on a separate parcel (reported sales of $795/sf). Major tenants include CVS Pharmacy (ground lease) and Tutor Time. There are 202 parking spaces for a ratio of 2.9/1,000 sf (but the reciprocal parking controlled by Safeway means that the figure is 4/1,000 sf). Strengths include (1) location, (2) strong demos and (3) top tier grocer. Weaknesses include (1) second-story component and (2) above market rent for Tutor Time.
Arcadia Towne Center

For more information contact  

Darren Tappen
Kidder Mathews, Inc.
darren.tappen@kidder.com
Tel: 602-513-5112
http://www.kidder.com


Any information that may be provided by LNR Partners, LLC. under this “General Property Information” is for informational purposes only and is subject to change at any time without notice at the sole and absolute discretion of LNR Partners, LLC. This is not to be construed as an offer, commitment or promise of any kind by LNR Partners, LLC. Please contact the appropriate individual referred to above for more information on this property. The information provided herein has been obtained from third party sources. While LNR Partners, LLC. has no reason or basis to doubt the accuracy of such information, LNR Partners, LLC. makes no guarantee, covenant, warranty or representation about its accuracy and disclaims any liability with respect thereto. It is your responsibility to confirm that this information is accurate and complete.

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