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5048 W Northern Ave
Glendale, AZ 85301 South Peoria

$3,575,000 USD

Freestanding For Sale  •  19,924 SF

Property Details

• Property Type Freestanding
• Total Building Size 19,924 SF
• Lot Size 1.97 AC
• Building Class B
• Year Built 1970
• Cap Rate 6.00 %
• Tenancy Multiple
• Zoning C-2, Glendale

37 Transit Score

55 Walk Score

Highlights

Strong Real Estate Fundamentals – RJP Plaza is strategically positioned on the secondary corner of a high-density trade area, which sees traffic count

Dense and Growing Population Base – The plaza is located within a thriving community, supported by a dense residential base. More than 518,254 residen

Below Market Rents – Grifols currently pays below-market rental rates, presenting a clear opportunity for future rent growth and income upside for new

Tenant Commitment – Both Tenants have been at the location over a decade and have executed several options. The tenant’s business models capitalizes o

Low Price Per Square Foot – At $179.43 per square foot, RJP Plaza is priced well below replacement cost, offering an investor immediate value relative

Stabilized Yet Affordable Asset – As one of the only stabilized assets available under $200/SF, RJP Plaza represents a rare opportunity to acquire a s

Property Flyers

OM - RJP Plaza - Glendale, AZ

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
5048 Northern Ave LLC
Grifols
Total Medical Care		4/30/2016

Amenities

• Bus Line
• Pylon Sign
• Signage
• Signalized Intersection
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	28 min	-	17.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	80
Type:	Surface
Included in Rent:	Yes