kino plaza - loopnet...kino plaza 13832 n. 32nd street | phoenix, az 85032. trenton m. mccullough...
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KINO PLAZA
13832 N. 32ND STREET | PHOENIX, AZ 85032
TRENTON M. MCCULLOUGHSenior Vice [email protected]
MARK CASSELLAdvisor Retail Investment [email protected]
Exclusively Listed By
Property Address: 13832 N. 32nd StreetPhoenix, AZ 85032
Property Type: Mixed - Use 25% Retail 75% Office
Sale Price: $8,800,000 ($130/SF)
CAP Rate: 8.16%
Proforma CAP Rate: 9.26%
Estimated NOI: $717,758
Proforma NOI: $842,911
Total Building Size: ±67,699 SF
Lot Size: ±217,278 SF
Year Built: 1976
APN: 214-55-010214-55-008C
PROPERTY OVERVIEW INVESTMENT OVERVIEWLevRose Commercial Real Estate is pleased to present theopportunity to acquire Kino Plaza, a mixed-use center in Phoenix, Arizona. Kino Plaza is a ±67,699 square foot center located North of the Northwest corner of Thunderbird Road and 32nd Street. The center’s current occupancy of 88.92% allows for increased value through lease up.
The opportunity is a C-2 zoned property with over 16,000 vehicles per day traveling via Thunderbird Road and over 22,800 vehicles per day via 32nd Street. Furthermore, this location issurrounded by dense demographics of over 15,000 people in a one-mile radius, over 128,000 in a three-mile radius and over 290,000 in a five-mile radius.
Kino Plaza offers excellent access and visibility on both Thunderbird Road and 32nd Street. The shopping center has close proximity to the AZ-51, and the center is host to a plethora of tenants that provide daily needs such as medical, fitness and services to the surrounding community.
AERIALS
VIEW PARADISE
CLEARVIEW
PHOENIX MOUNTAINSPRESERVE
RESERVE AT SHADOW MOUNTAIN
PARADISE VALLEY WEST
SWEETWATER COVE
TOPAZ PARK
PARADISE VALLEY VILLAGE
Coming Soon
N 32ND STREET - 22,800 VPD
E THUNDERBIRD - 16,317 VPD
Paradise Valley
117,240 VPD
N 32ND STREET - 22,800 VPD
Under ContractPHOENIX MOUNTAINS
PRESERVE
DEMOGRAPHICSPOPULATION 1 MILE 3 MILES 5 MILES2018 TOTAL POPULATION 15,315 128,530 292,408
2023 POPULATION (PROJECTED) 16,419 138,586 315,606
POP. GROWTH 7.21% 7.82% 7.93%
AVERAGE AGE 37.90 39.30 39.30
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES2018 TOTAL HOUSEHOLDS 5,626 52,291 121,038
2018 TOTAL # OF PERSON PER HH 2.70 2.40 2.40
2018 AVERAGE HH INCOME $76,595 $82,525 $86,141
2018 MEDIAN HOUSE VALUE $208,280 $256,867 $272,412
PHOENIX OVERVIEW
Phoenix is at the center of the bustling metro area offering great amenities, efficient access from all parts of the Valley, and outstanding real estate options. Phoenix is a young, progressive city where opportunity belongs to those who
embrace it. A beautiful and friendly place, we cherish the warmth and welcome the opportunity to evolve. Our vibrant downtown is certainly Phoenix’s center, but our strength is the variety offered in our city’s 15 urban villages, all with
unique identities and attributes. Phoenix is a great location to work and a fabulous place to live, no matter what you do or who you are. In the new economy, people and companies are coming to Phoenix.
The Property is in the heart of the Metrocenter submarket, which is in the midst of a complete revitalization as a result of the City of Phoenix’s approval of the Metrocenter Planned Unit Development (PUD). This PUD initiative will support
the evolution of Metrocenter Mall from a large regional shopping destination to a central core vision with increased density through multi-family housing, employment, retail, entertainment, and enhanced transit opportunities. The City
of Phoenix is fostering the growth of a “village downtown” by creating flexible development standards that will promote new development and redevelopments with walkable amenities and light rail transit options, along with
encouraging greater density.
American Express, Best Western, Blue Cross/Blue Shield, Bull, CenturyLink, Cox Communications, Discover Card, Farmers Insurance, General West, Hartford Insurance, Honeywell,
Lucent Technologies, Mass Mutual, PetSmart, Pinnacle West Capital Corporation, Safeway, Traveler’s Insurance, Tri West Healthcare, United Healthcare, Waste Management, and Wells Fargo.
#1 In Entrepreneurial Activity
with a top market for skilled and available workforce.
459,763Population
within 5 miles of the property.
Most populous city in the US with a strong, modern econo-my based on commerce, tourism,
technology, and sustainability.
#6
CORPORATE WHO’S WHO
PHOENIX OVERVIEW
KINO PLAZA
13832 N. 32ND STREET | PHOENIX, AZ 85032
TRENTON M. MCCULLOUGHSenior Vice [email protected]
MARK CASSELLAdvisor Retail Investment [email protected]
Exclusively Listed By