4027 S Gilbert Rd
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4027 S Gilbert Rd
144,254 SF 100% Leased Retail Building Gilbert, AZ 85297 $39,029,009 ($271/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- CALL FOR OFFERS: JANUARY 15TH, 2025
- Metro Phoenix location in favored submarket
- Anchored by three strong credit tenants, Includes over 11.7 acres of land to be developed
- High traffic intersection near freeway and necessary travel corridor
EXECUTIVE SUMMARY
Crossroads Towne Center, located at the southeast corner of Gilbert and Germann Roads in the town of Gilbert, is a 144,254 square foot, 99% occupied shopping center anchored by Hobby Lobby, Boot Barn, and a new junior anchor national tenant. Included in the asset are two free-standing retail ground leases with Jacksons (gas, c-store, car wash) and El Pollo Loco drive thru restaurant. Further, the opportunity includes 11.7 acres of additional land for development. Currently two parcels, the northern parcel (3.3 acres) is fully improved with utilities, parking lot, lighting, and shovel ready site. It was designed as part of the original development for additional box and shops space. The southern parcel (8.4 acres) is unimproved land, with conceptual site plans and tenant interest from fast-food, retail big box, and medical users. It was envisioned as the phase 2 of the shopping center development.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
144,254 SF
Building Class
C
Year Built
2007
Price
$39,029,009
Price Per SF
$271
Cap Rate
7.25%
NOI
$2,829,603
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
3.31 AC
Zoning
GC, Gilbert - General Commercial
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 304-56-916 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $670,262 |
PROPERTY TAXES
Parcel Number
304-56-916
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$670,262
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4027 S Gilbert Rd
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