Paradise Valley, AZ 85253
The two tenants, Razz’s Restaurant & Bar and Oriental Rugs of Scottsdale, are both longstanding institutions with both having been tenants in this center for over 20 years. The structural building components include exterior walls consisting of concrete block and stucco with glass windows set in wood frames. The built-up flat roof has a polyethylene membrane cover, which was replaced in 2016 with a 10 year transferable warranty. The building is cooled by three 4 ton A/C units and one 5 ton A/C unit. All have been replaced in the last two years and remain under warranty. This investment is being offered at a 7% CAP rate or $1,800,000.
Listing Office: Orion Investment Real Estate
Last Updated: February - 13 - 2018
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Wednesday 21st of February 2018 07:19 AM