Cactus Court

12416 N 28th Dr,
Phoenix, AZ 85029

OWNER WILL CARRY AT 5% INTEREST ONLY WITH 35% DOWN

$2,950,000
Offering Price
$227,417
NOI
7.71%
Cap Rate
$183
Price Per SF
16,100
Building SF
Multiple
Tenancy
$2,950,000
Offering Price
$227,417
NOI
7.71%
Cap Rate
$183
Price Per SF
16,100
Building SF
Multiple
Tenancy

CACTUS COURT 7.6% CAP RATE!!! 8.5% CAP on Pro Forma!!!

  • 9% ROI just entering into this investment! This Shopping Center has a great upside as well, current rents are so below market, when the leases expire you could double Rent Income! OWNER WILL CARRY AT 5% INTEREST ONLY WITH 35% DOWN
  • Prime location, a block from I-17 and easy accessibility from just about anywhere in Phoenix.

Location Summary

  • Prime location in downtown Phoenix. This fantastic property is located just minutes from everything in an area known as Metro Center. This popular location is undergoing a massive surge referred to as the "rebirth" of the Metro Center. This location boasts Minutes away from freeways, Phoenix Sky Harbor International Airport, major bus lines and Metro Center North. This property is located just west of I-17 and a mile north of Metro Center. The 101 Freeway is five miles to the North. Cactus Court boasts easy accessibility from all directions via these two freeways. New businesses are opening or have already opened such as a new Walmart store and also a new Quik Trip gas station directly across the street. This area boasts several major retailers such as Best Buy, Lowes, Sherwin Williams and Petco. As the area continues to grow, this list of major retailers is expected to increase also.
FOR MORE DETAILS CONTACT
Lawrence J. Strychalski
(702) 781-3117
larrysinternational@gmail.com
B.1003087.CORP