Capitol Hub | 1805 W Van Buren St
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Capitol Hub 1805 W Van Buren St
8,320 SF 77% Leased Retail Building Phoenix, AZ 85007 $1,550,000 ($186/SF) 7.01% Cap Rate
Investment Highlights
- Significant Capital Expenditures: The current ownership has invested over $500,000 in capital improvements over the past five years.
- Prime Traffic Corridor: Strategically positioned at the intersection of 19th Ave and Van Buren Street, the property benefits from high visibility.
- Strong Demographic Profile: The surrounding area features robust demographic trends, with a population of over 108,800 residents within 3-miles.
- Immediate Value-Add Potential: The property offers substantial value-add opportunities through rent optimization.
- Capitol District Advantage: Located minutes from the Arizona State Capitol complex, this property draws significant foot and vehicle traffic.
- Major Development Zone: The western part of Downtown Phoenix, including the Capitol District, is experiencing a wave of redevelopment.
Executive Summary
Broker of Record
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
C
Year Built/Renovated
1951/2019
Price
$1,550,000
Price Per SF
$186
Cap Rate
7.01%
NOI
$108,655
Percent Leased
77%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.26 AC
Zoning
C-G
Parking
8 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
80 FT on Van Buren
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $6,394 | Total Assessment | $71,032 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,394
Improvements Assessment
$0
Total Assessment
$71,032
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Capitol Hub | 1805 W Van Buren St
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