Download - STRATFORD PLAZA - LoopNet · Stratford Plaza is a ±20,600 square foot retail center located at 1219 East Glendale Avenue in Phoenix, Arizona. The building is currently 81% occupied

CAPITAL MARKETS • INVESTMENT PROPERTIES

STRATFORDPLAZA

1 2 1 9 E . G L E N D A L E A V E • P H O E N I X , A Z 8 5 0 2 0

C O N TA C T U S

STEVE JULIUSFirst Vice President

+1 602 735 [email protected]

JESSE GOLDSMITHFirst Vice President


CHASE DORSETTAssociate


2 •STRATFORD PLAZA

© 2019 CBRE, Inc. All Rights Reserved.

01 EXECUTIVE SUMMARY

02 PROPERTY DESCRIPTION

03 LOCATION OVERVIEW

04 FINANCIAL OVERVIEW

05 DEMOGRAPHICS

TA B L E O F C O N T E N T S

E X E C U T I V E S U M M A R Y

Property Name Stratford PlazaProperty Type Strip Retail CenterProperty Address 1219 E. GLENDALE AVE

PHOENIX, AZ 85020Intersection Glendale Ave/12th StList Price $3,100,000

Price Per SF $150.49

Cap Rate 6.97%

NOI $216,124

Parcel 161-02-141D

Building Size (±SF)

±20,600

Occupancy 81%

Year Built 1976

Lot Size (±SF) ±46,404

Lot Size (±Acres) ±1.07

Zoning C-1

Legal Ownership TWELVE GLENDALE LLC

Stratford Plaza is a ±20,600 square foot retail center located at 1219 East Glendale Avenue in Phoenix, Arizona. The building is currently 81% occupied to a mix of local tenants.

Visibility and signage at the retail center are exceptional and the property benefits from extremely busy traffic on Glendale Avenue of ±43,849 VPD (SOURCE: ADOT 2018). This is one of the highest traffic counts we’ve seen for a single road segment in the entire city. Glendale turns into Lincoln after it crosses the 51 Freeway, less than a mile to the east.

The intersection of 12th Street and Glendale Avenue is home to Stratford Plaza and is located in an affluent suburb of Central Phoenix. The property further thrives from its close proximity to the 51 Freeway, as well as its proximity to the prestigious Biltmore district (to the east) and North Central (to the west). This area of Phoenix is full of new, trendy, and upcoming restaurants/bars that have contributed to recent increases in the values of the surrounding residential neighborhoods. The very popular Luci’s Healthy Marketplace is opening a second, larger location just north of the subject property on 12th Street, called Luci’s Orchard. Block after block, one can see single-family homes under major renovation or rebuilding new.

• Below Market Rents with Redevelopment Opportunity

• Extremely High Traffic Counts (±43,849 VPD)*

• Close Proximity to 51 Freeway

• Strong and Improving Demographics with

Housing Redevelopment

• Low Vacancy in the Submarket*SOURCE: ADOT 2018

P R O P E R T Y D E S C R I P T I O N


CEN

TRAL

AVE

.

12TH

ST.

CAMELBACK RD.

» SUBJECT PROPERTY

7TH S

T.

BETHANY HOME RD.16

TH S

T.

7T

H S

T. R

ES

TA

UR

AN

T C

OR

RID

OR

16T

H S

T. R

ES

TAU

RA

NT

CO

RR

IDO

R

24TH

ST.

$1 MILLION HOMES

GLENDALE AVE.

$1

MIL

LIO

N

HO

ME

S

NNOT TO SCALE

6 • STRATFORD PLAZA

±43,849 VPD

12TH

ST.

:: ±

13,8

93 V

PD

ALE AVE. :: ±43,849 VPD


GLENDALE AVE. :: ±43,849 VPD

12 TH ST. :: ±13,893 VPD

N

NOT TO SCALESOURCE: ADOT

» SUBJECT PROPERTY

» SUBJECT PROPERTY

Simply Posh Consignment Boutique

11TH

Way

Our Savior’s Lutheran Church

NNOT TO SCALE

SOURCE: ADOT 2018

GLENDALE AVE. :: ±43,849 VPD

12TH

ST.

:: ±

13,8

93 V

PD


S I T E P L A N

SUITE 1JR’S SHOE REPAIR

Dutch Bros Coffee(Not a Part)

KELLY CLARK AUTOMOTIVE(Not a Part)

2-Story Office (ALSO FOR SALE)

(Not a Part)

SUITE 3ACUPUNCTURE

SUITE 5ACME LOCK

SUITE 7KIM’S ALTERATIONS

12TH

STRE

ET

GLENDALE AVENUE

SUITE 9 DAVE THOMPSON

SUITE 11& 13VACANT

SUITE 15 & 17SALON

SUITE 19 & 21J&J EQUINE

SUITE 23O.A. OFFICE

SUITE 25VACANT

SUITE 2 & 4MATHNASIUM

SUITE 6MISS DAISY

SUITE 8VACANTSUITE 10VACANT

SUITE 12 - 16CJ TALLY'S PUB

SUITE 18-20PHOENICIAN NAILS

SUITE 22 & 24SUNCAM

SUITE 26FLEUR DE LIS BAKERY

NNOT TO SCALE


L O C AT I O N O V E R V I E WSTRATFORD

PLAZA

NNOT TO SCALE10 •STRATFORD PLAZA

11 | TEMPE BROADWAY CENTER

SUMMARY ACTUAL PRO FORMA / REDEVELOPMENT PRO FORMA/FACELIFT

Price: $3,100,000 $4,400,000 $4,150,000

Current CAP: 6.97% 7.02% 7.01%

Rentable ±Square Feet: 20,600 15,200 20,600

Price per Square Foot: $150.49 $289.47 $201.46

Avg Annual Rent PSF (NNN): $11.89 $21.39 $13.74

Occupancy: 81% 100% 100%

ANNUALIZED OPERATING DATA ACTUAL PSF

GROSS REVENUE

Base Rental Revenue $211,585 $10.27 $325,200 $21.39 $286,435 $18.84

Reimbursement Revenue $68,800 $3.34 $70,200 $4.62 $89,950 $5.92

Total Gross Revenue $280,385 $13.61 $395,400 $26.01 $376,385 $24.76

Credit Loss / Vacancy Reserve Actual 5% $(19,770) 5% $(18,819)

Effective Gross Revenue $280,385 $13.61 $375,630 $24.71 $357,566 $23.52

Expenses Mthly Avg Annual Est. PSF All Inc by 3% except taxes at 5% All Inc by 3% except taxes at 5% PSF

APS $535 $6,420 $0.31 $6,613 $0.44 $6,613 $0.44

Water $585 $7,020 $0.34 $7,231 $0.48 $7,231 $0.48

Trash $330 $3,960 $0.19 $4,079 $0.27 $4,079 $0.27

Pest $200 $2,400 $0.12 $2,472 $0.16 $2,472 $0.16

Landscape $375 $4,500 $0.22 $4,635 $0.30 $4,635 $0.30

Repairs (estimated) $250 $3,000 $0.15 $3,090 $0.20 $3,090 $0.20

Porter $299 $3,588 $0.17 $3,696 $0.24 $3,696 $0.24

Property Taxes (2018 actual) $28,173 $1.37 $29,582 $1.95 $29,582 $1.95

Insurance $5,200 $0.25 $5,356 $0.35 $5,356 $0.35

Total Operating Expenses $(64,261) $(3.12) $(66,753) $(4.39) $(66,753) $(4.39)

NET OPERATING INCOME $216,124 $10.49 $308,877 $14.99 $290,813 $14.12

PRICING INCOME & ANALYSIS

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

You are solely responsible for independently verifying the information in this Memorandum.

ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

R E N T R O L L - C U R R E N T

SUITE TENANT NAME ±SQ. FT. % OF SPACE

MONTHLY RENT

ANNUAL RENT

RENT PER SQ. FT.

TYPE OF LEASE

EST. MONTHLY NNN

EST. ANNUAL NNN

ANNUAL NNN PSF

LEASE BEGIN

LEASE END COMMENTS

1 JR's Shoe Repair 800 3.9% $722.57 $8,670.81 $10.84 NNN* $266.67 $3,200 $4.00 10/5/11 MTM No Renewal

3 Solutions Acupuncture 800 3.9% $904.15 $10,849.83 $13.56 NNN* $266.67 $3,200 $4.00 8/1/07 MTM No Renewal

5 Acme Lock 800 3.9% $774.09 $9,289.09 $11.61 NNN* $266.67 $3,200 $4.00 8/12/13 10/31/19 5 Yr. Renewal

7 Kim's Alterations 800 3.9% $367.73 $4,412.80 $5.52 NNN* $266.67 $3,200 $4.00 7/1/09 MTM No Renewal

9 Dave Thompson 800 3.9% $514.13 $6,169.60 $7.71 NNN* $266.67 $3,200 $4.00 NEW MTM

11 VACANT 800 3.9%

13 VACANT 800 3.9%

15-17 Salon 1219 1,600 7.8% $1,817.89 $21,814.68 $13.63 NNN* $533.33 $6,400 $4.00 12/1/07 10/31/19 No Renewal

19-21 J&J Equine Enterprises 1,600 7.8% $1,869.97 $22,439.63 $14.02 NNN* $533.33 $6,400 $4.00 NEW 10/31/21 New tenant

23 Overeaters 800 3.9% $649.45 $7,793.35 $9.74 NNN* $266.67 $3,200 $4.00 5/1/03 MTM No Renewal

25 VACANT 800 3.9%

2 & 4 Mathnasium 1,600 7.8% $1,475.27 $17,703.30 $11.06 NNN* $533.33 $6,400 $4.00 1/1/17 12/31/21 Devel. Clause

6 Miss Daisy 800 3.9% $797.30 $9,567.60 $11.96 NNN* $266.67 $3,200 $4.00 5/1/14 8/31/22 Devel. Clause

8 VACANT 800 3.9%

10 VACANT 800 3.9%

12-16 CJ Talley's Pub 2,400 11.7% $3,719.37 $44,632.42 $18.60 NNN* $800.00 $9,600 $4.00 2/22/17 4/30/22 3 Yr. Renewal

18-20 Phoenician Nails 1,600 7.8% $1,485.33 $17,823.93 $11.14 NNN* $533.33 $6,400 $4.00 12/17/09 12/31/22 Devel. Clause

22-24 SUNCAM 1,400 6.8% $1,696.80 $20,361.60 $14.54 NNN* $466.67 $5,600 $4.00 NEW TBD

26 Fleur De Lis Bakery 800 3.9% $838.07 $10,056.81 $12.57 NNN* $266.67 $3,200 $4.00 11/18/09 MTM

Michael Sklar CAMS only $200.00 $2,400

TOTAL 20,600 100% $17,632 $211,585.45 $11.89 $5,733 $68,800 $4.00

OCCUPIED 16,600 81%

AVAILABLE 4,000 19%




R E N T R O L L - A F T E R D E V E L O P M E N T


MONTHLY RENT ANNUAL RENT RENT PER

SQ. FT.TYPE OF LEASE

EST. MONTHLY NNN

EST. ANNUAL NNN

ANNUAL NNN PSF

LEASE BEGIN

LEASE END COMMENTS

1 JR's Shoe Repair- MOVE TO 8

DEMOLISH 7 SUITES X 800 = ±5,600 SQ FT

3 Solutions Acu - MOVE TO 10

5 Acme Locksmith - MOVE TO 25

7 Kim's Alterations - MOVE TO 25

9 VACANT

11 VACANT

13 VACANT

15-17 Salon 1219 1,600 10.5% $3,333.33 $40,000.00 $25.00 NNN $600.00 $7,200 $4.50 12/1/07 10/31/19 maybe a small restaurant?

19-21 J&J Equine Enterprises 1,600 10.5% $3,333.33 $40,000.00 $25.00 NNN $600.00 $7,200 $4.50 NEW 10/31/21

23 Overeaters- REPLACE OR INCREASE 800 5.3% $1,333.33 $16,000.00 $20.00 NNN $300.00 $3,600 $4.50 7/1/09 MTM No Renewal

25 Locksmith - WORST SUITE RELOCATED HERE 800 5.3% $1,200.00 $14,400.00 $18.00 NNN $300.00 $3,600 $4.50 8/12/13 10/31/19 5 Yr. Renewal

2 & 4 Mathnasium - END CAP 1,600 10.5% $1,466.67 $40,000.00 $25.00 NNN $600.00 $7,200 $4.50 1/1/17 12/31/21 Devel. Clause

6 Miss Daisy - END CAP 800 5.3% $738.43 $20,000.00 $25.00 NNN $300.00 $3,600 $4.50 5/1/14 8/31/22 Devel. Clause

8 JR's Shoe Repair - RELOCATED HERE 800 5.3% $1,333.33 $16,000.00 $20.00 NNN $300.00 $3,600 $4.50 10/5/11 MTM No Renewal

10 Sol. Acupuncture - RELOCATED HERE 800 5.3% $1,333.33 $16,000.00 $20.00 NNN $300.00 $3,600 $4.50 8/1/07 MTM No Renewal

12-16 Talley's 2,400 15.8% $3,700.00 $44,400.00 $18.50 NNN $900.00 $10,800 $4.50 2/22/17 4/30/22 3 Yr. Renewal

18-20 Phoenician Nails 1,600 10.5% $2,666.67 $32,000.00 $20.00 NNN $600.00 $7,200 $4.50 12/17/09 12/31/22 Devel. Clause

22-24 NEW TENANT 1,600 10.5% $2,666.67 $32,000.00 $20.00 NNN $600.00 $7,200 $4.50

26 Fleur De Lis Bakery -WORST SUITE 800 5.3% $1,200.00 $14,400.00 $18.00 NNN $300.00 $3,600 $4.50 11/18/09 MTM


TOTAL 15,200 100% $24,305 $325,200.00 $21.39 $5,900 $70,200 $4.50

OCCUPIED 15,200 100%

AVAILABLE 0 0%




R E N T R O L L - A F T E R FA C E L I F T


MONTHLY RENT

ANNUAL RENT

RENT PER SQ. FT.

TYPE OF LEASE

EST. MONTHLY NNN

EST. ANNUAL NNN

ANNUAL NNN PSF

LEASE BEGIN

LEASE END COMMENTS

1 JR's Shoe Repair 800 3.9% $1,200.00 $14,400.00 $18.00 NNN* $283.33 $3,400 $4.25 10/5/11 MTM No Renewal

3 Solutions Acupuncture 800 3.9% $1,000.00 $12,000.00 $15.00 NNN* $283.33 $3,400 $4.25 8/1/07 MTM No Renewal

5 Acme Locksmith 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400 $4.25 8/12/13 10/31/19 5 Yr. Renewal

7 Kim's Alterations 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400 $4.25 7/1/09 MTM No Renewal

9 Dave Thompson 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400 $4.25 NEW MTM

11 PRO FORMA 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400.00 $4.25

13 PRO FORMA 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400.00 $4.25

15-17 Salon 1219 1,600 7.8% $1,866.67 $22,400.00 $14.00 NNN* $566.67 $6,800 $4.25 12/1/07 10/31/19 No Renewal

19-21 J&J Equine Enterprises 1,600 7.8% $1,836.64 $22,039.63 $13.77 NNN* $566.67 $6,800 $4.25 NEW 10/31/21 New tenant

23 Overeaters 800 3.9% $800.00 $9,600.00 $12.00 NNN* $283.33 $3,400 $4.25 5/1/03 MTM No Renewal

25 PRO FORMA 800 3.9% $800.00 $9,600.00 $12.00 NNN* $283.33 $3,400.00 $4.25

2 & 4 Mathnasium 1,600 7.8% $1,441.94 $17,303.30 $10.81 NNN* $566.67 $6,800 $4.25 1/1/17 12/31/21 Devel. Clause

6 Miss Daisy 800 3.9% $780.63 $9,367.60 $11.71 NNN* $283.33 $3,400 $4.25 5/1/14 8/31/22 Devel. Clause

8 PRO FORMA 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400.00 $4.25

10 PRO FORMA 800 3.9% $933.33 $11,200.00 $14.00 NNN* $283.33 $3,400.00 $4.25

12-16 CJ Talley's Pub 2,400 11.7% $3,669.37 $44,032.42 $18.35 NNN* $850.00 $10,200 $4.25 2/22/17 4/30/22 3 Yr. Renewal

18-20 Phoenician Nails 1,600 7.8% $1,451.99 $17,423.93 $10.89 NNN* $566.67 $6,800 $4.25 12/17/09 12/31/22 Devel. Clause

22-24 SUNCAM 1,400 6.8% $1,667.63 $20,011.60 $14.29 NNN* $495.83 $5,950 $4.25 NEW TBD

26 Fleur De Lis Bakery 800 3.9% $821.40 $9,856.81 $12.32 NNN* $283.33 $3,400 $4.25 11/18/09 MTM


TOTAL 20,600 100% $23,870 $286,435.29 $13.74 $7,496 $89,950 $4.25

OCCUPIED 20,600 100%

AVAILABLE 0 0%


15 | TEMPE BROADWAY CENTER

MAJOR REDEVELOPMENT MINOR FACELIFT

Purchase Price: $3,100,000 Purchase Price: $3,100,000

Costs: Costs:

Demo of 7 suites, parking, façade upgrade (Level 11) $565,775 Exterior Facelift including overhangs, skin, and storefronts $150,000

Current Tenant Incentive Costs (12 tenants at $10k) $120,000 Current Tenant Incentive Costs (12 tenants at $10k) N/A

New Tenant TI Costs & Concessions (4,000x$20) $80,000 New Tenant TI Costs & Concessions (4,000x$20) $80,000

Total $813,775 Total $278,000

Stabilized NOI (Pro Forma) $308,877 Stabilized NOI (Pro Forma) $290,813

Disposition Cap Rate 7.00% Disposition Cap Rate 7.00%

Disposition Price $4,412,534 Disposition Price $4,154,477

Less Sale Commission 4.0% $(176,501) Less Sale Commission 4.0% $(166,179)

Total Sales Proceeds $4,236,033 Total Sales Proceeds $3,988,298

Gross Profit: $1,136,033 Gross Profit: $888,298

Less Rehab, TI, LC Costs (above) $(813,775) Less Rehab, TI, LC Costs (above) $(278,000)

Sale Profit $322,258 Sale Profit $610,298

Plus Current Net Income for Year 1 $216,124 Plus Current Net Income for Year 1 $216,124

Plus Pro Forma Net Income for Year 2 $308,877 Plus Pro Forma Net Income for Year 2 $290,813

Sale Profit Plus Cash Flow $847,259 Sale Profit Plus Cash Flow $1,117,236

INVESTOR PROFIT ANALYSIS

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

REDEVELOPMENT/FACELIFT IDEASBEFORE AFTER

DEMOGRAPHICS

POPULATION 1 MILE 3 MILES 5 MILES

2019 Population - Current Year Estimate 17,681 125,074 382,192

2024 Population - Five Year Projection 18,904 135,243 409,678

2010 Population - Census 15,733 109,351 340,387

2000 Population - Census 16,610 117,512 364,353

2010-2019 Annual Population Growth Rate 1.27% 1.46% 1.26%

2019-2024 Annual Population Growth Rate 1.35% 1.58% 1.40%

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2019 Households - Current Year Estimate 8,621 57,578 156,076

2024 Households - Five Year Projection 9,223 62,387 167,634

2010 Households - Census 7,664 50,219 139,025

2000 Households - Census 8,093 52,590 147,738

2010-2019 Annual Household Growth Rate 1.28% 1.49% 1.26%

2019-2024 Annual Household Growth Rate 1.36% 1.62% 1.44%

2019 Average Household Size 2.02 2.15 2.42

PLACE OF WORK 1 MILE 3 MILES 5 MILES

2019 Businesses 981 6,572 16,894

2019 Employees 9,594 78,871 196,260

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or esti-mates used are for example only and do not represent the current or future performance of the property. 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. Source: Esri

DEMOGRAPHICS

HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES

2019 Average Household Income $95,152 $89,030 $78,742

2024 Average Household Income $109,769 $100,879 $90,434

2019 Median Household Income $63,641 $56,570 $50,551

2024 Median Household Income $74,404 $64,152 $57,552

2019 Per Capita Income $46,624 $40,966 $32,178

2024 Per Capita Income $53,801 $46,508 $37,025

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or esti-mates used are for example only and do not represent the current or future performance of the property. 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. Source: Esri

EDUCATION 1 MILE 3 MILES 5 MILES

2019 Population 25 and Over 13,217 90,195 257,134

High School Diploma 2,102 14,961 48,784

Bachelor`s Degree 3,571 22,149 51,486

Graduate or Professional Degree 2,960 16,397 34,688

HOUSING UNITS 1 MILE 3 MILES 5 MILES

2019 Housing Units 9,539 65,741 179,133

2019 Vacant Housing Units 918 8,163 23,057

2019 Occupied Housing Units 8,621 57,579 156,076

2019 Owner Occupied Housing Units 4,565 27,938 72,888

2019 Renter Occupied Housing Units 4,056 29,641 83,188

AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENT

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMER

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a

purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

Steve Julius of CBRE, Inc. has a financial interest in the property.


C O N TA C T U S

CAPITAL MARKETS • INVESTMENT PROPERTIES

STEVE JULIUSFirst Vice President


JESSE GOLDSMITHFirst Vice President


CHASE DORSETTAssociate


Download - STRATFORD PLAZA - LoopNet · Stratford Plaza is a ±20,600 square foot retail center located at 1219 East Glendale Avenue in Phoenix, Arizona. The building is currently 81% occupied

Top Related