3593 & 3597 W. Northern Avenue | Phoenix, AZ
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FOR SALE NORTHERN PLAZA 3593 & 3597 W. Northern Avenue | Phoenix, AZ All information furnished is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, or withdrawal with- out notice and to any special listings conditions, including the rate and manner of payment of commissions for particular offerings imposed by principals or agreed to by the company, the terms of which are available to interested principals or brokers. All dimensions are approximate. Owner and/or Broker make no representations expressed or implied as to the accuracy of floor plan/site plan dimensions. CUTLER COMMERCIAL 2150 E. Highland Avenue, Suite 207 Phoenix, Arizona 85016 Phone 602.955.3500 Fax 602.955.2828 www.cutlercommercial.com ±44.72% Occupancy - Tremendous upside in leasing Stabilized Automotive Building with 5+ years left on term NOI: ±$83,030.88 - Actual Income Flexible Investment with ability to sell off separate parcels Low Price per SF C-2 Zoning, City of Phoenix ERIC FERBER | Associate P (602)-386-1234 [email protected] SALE PRICE: $1,200,000 ±13,477 SF Retail Building & ±1,826 SF Automotive Building | ±1,015 SF Basement is Bonus SF Retail/Automotive Investment - Value Add *Can be sold together or separately - make an offer!
Transcript of 3593 & 3597 W. Northern Avenue | Phoenix, AZ
G:FLYERS/
FOR SALE NORTHERN PLAZA
3593 & 3597 W. Northern Avenue | Phoenix, AZ
All information furnished is from sources deemed reliable. No representation is made as to the
accuracy thereof and it is submitted subject to errors, omissions, changes, or withdrawal with-
out notice and to any special listings conditions, including the rate and manner of payment of
commissions for particular offerings imposed by principals or agreed to by the company, the
terms of which are available to interested principals or brokers. All dimensions are approximate.
Owner and/or Broker make no representations expressed or implied as to the accuracy of floor
plan/site plan dimensions.
CUTLER COMMERCIAL
2150 E. Highland Avenue, Suite 207
Phoenix, Arizona 85016
Phone 602.955.3500
Fax 602.955.2828
www.cutlercommercial.com
±44.72% Occupancy - Tremendous upside in leasing
Stabilized Automotive Building with 5+ years left on term
NOI: ±$83,030.88 - Actual Income
Flexible Investment with ability to sell off separate parcels
Low Price per SF
C-2 Zoning, City of Phoenix
ERIC FERBER | Associate
P (602)-386-1234
SALE PRICE:
$1,200,000
±13,477 SF Retail Building
&
±1,826 SF Automotive Building |
±1,015 SF Basement is Bonus SF
Retail/Automotive Investment - Value Add
*Can be sold together
or separately - make
an offer!
PHOTOS / AERIAL - 3593 & 3597 W. NORTHERN NORTHERN PLAZA
G:FLYERS/
All information furnished is from sources deemed reliable. No representation is made as to the
accuracy thereof and it is submitted subject to errors, omissions, changes, or withdrawal with-
out notice and to any special listings conditions, including the rate and manner of payment of
commissions for particular offerings imposed by principals or agreed to by the company, the
terms of which are available to interested principals or brokers. All dimensions are approximate.
Owner and/or Broker make no representations expressed or implied as to the accuracy of floor
plan/site plan dimensions.
CUTLER COMMERCIAL
2150 E. Highland Avenue, Suite 207
Phoenix, Arizona 85016
Phone 602.955.3500
Fax 602.955.2828
www.cutlercommercial.com
ERIC FERBER | Associate
P (602)-386-1234
3593 & 3597 W. NORTHERN
3593
3593 W. Northern
±13,477 SF Retail Building
Northern Avenue
35th
Aven
ue
3597
3597 W. Northern
±1,826 SF Automotive Building & ±1,015 SF Basement is Bonus SF
RENT ROLL NORTHERN PLAZA
G:FLYERS/
All information furnished is from sources deemed reliable. No representation is made as to the
accuracy thereof and it is submitted subject to errors, omissions, changes, or withdrawal with-
out notice and to any special listings conditions, including the rate and manner of payment of
commissions for particular offerings imposed by principals or agreed to by the company, the
terms of which are available to interested principals or brokers. All dimensions are approximate.
Owner and/or Broker make no representations expressed or implied as to the accuracy of floor
plan/site plan dimensions.
CUTLER COMMERCIAL
2150 E. Highland Avenue, Suite 207
Phoenix, Arizona 85016
Phone 602.955.3500
Fax 602.955.2828
www.cutlercommercial.com
ERIC FERBER | Associate
P (602)-386-1234
Northern Plaza
October 2018 Rent Roll Rent Rent Base Base CAM Sales Tax Total
TENANT Suite Sq. Ft. Comm. Terminate Rental Rent Reimb. Sub-Total 2.90% Due
Date Date Rate 4500 5470 2310
3593 W. Northern
Vacant C1-2 2338 $0.00 $884.54 $884.54 $25.65 $910.20
Pete Kavanaugh C-3 1139 8/20/2018 10/19/2018 $10.00 $949.17 $430.92 $1,380.09 $40.02 $1,420.11
Vacant C4 1139 $430.92 $430.92 $12.50 $443.42
JNR Enterprises Cab B-5 975 7/7/2016 8/6/2019 $8.55 $694.69 $368.88 $1,063.56 $30.84 $1,094.41
Vacant B-6 1950 $0.00 $737.75 $0.00 $0.00
Prohibited Art Tattoo & Gallery B-7 975 10/1/2017 9/30/2021 $8.38 $680.88 $368.88 $1,049.75 $30.44 $1,080.19
Le Cite Venue B-8 1950 4/1/2017 5/31/2020 $6.35 $1,031.25 $737.75 $1,769.00 $51.30 $1,820.30
1-800 Flowers (lease) B-9 975 1/16/2018 5/15/2023 $7.00 $568.75 $368.88 $937.63 $27.19 $964.82
Vacant B-10 975 $0.00 $368.88 $368.88 $10.70 $379.57
Vacant B-12 1031 $0.00 $390.06 $0.00 $0.00
3597 W. Northern
Falco Automotive 1826 6/1/2018 10/31/2026 $19.68 $2,994.50 $555.49 $3,549.99 $102.95 $3,652.94
Basement 1015 same same $0.00 $0.00 $0.00 $0.00 Security Deposits
Vacant
Pete Kavanaugh $1,420.11
Vacant
JNR Enterprises Cab $1,011.15
Vacant
Prohibited Art Tattoo & Gallery $1,009.00
Le Cite Venue $1,688.00
1-800 Flowers (lease) $1,100.00
Vacant
Vacant
Falco Automotive $4,550.53
Effective
Rent Increases Date
Vacant
Pete Kavanaugh none
Vacant
JNR Enterprises Cab 50 cents/sq.ft. 7/1/2019
Vacant
Prohibited Art Tattoo & Gallery 50 cent / sq. ft. annual 10/1/2019
Le Cite Venue 50 cent / sq. ft. annual 4/1/2019
1-800 Flowers (lease) 50 cent / sq. ft. annual 1/16/2019
Vacant
Vacant
Falco Automotive 3811.00 + sales tax 10/1/2019 Free Rent Sep 2019
