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28713737
28713759

4502 E. Thomas Road, Phoenix, AZ 85018

TC
AZ BR013956000
OX Urban Properties
JR
AZ BR526666000, Br 12450985
Urban Properties
Listed by OX Urban Properties, Urban Properties
$6,772,000
188 days on market
Updated 63 days ago

The Bird Cage Arcadia

Details
APN 127-05-009L
Property Type Retail, Office
Sub Type Shopping Center, Executive Office
Square Footage 13,504
Net Rentable (SqFt) 13,504
Units 10
Cap Rate 6.15%
NOI $540,130
Occupancy 100%
Tenancy Multi
Brand/Tenant Mister Pio Peruvian Chicken, Cosmic Comics (+7)
Lease Type NNN
Price per SqFt $502
Year Built 2024
Buildings 3
Lot Size (SqFt) 43,150
Zoning C-2
Investment Type Stabilized

Retail | 6.15% CAP | 13,504 SqFt

Marketing description

OX Urban Properties is pleased to present the opportunity to acquire ”the bird cage Arcadia”, a fully-leased, multi-tenant, NNN, Investment opportunity offering investors the chance to own one of Phoenix's most unique adaptive reuse projects.

The birdcage ARCADIA was developed and completed in 2024. Consisting of 13,504 sf of rentable space, the birdcage ARCADIA is home to 10 carefully curated Tenant’s, across 3 buildings, in a “U” shape configuration. The tenant mix was curated to support the affluent and growing area surrounding ARCADIA neighborhood ad and includes Playa Bowls, Mister Pio Peruvian Chicken, 12th Round Fit Boxing,Cosmic Comics, 1up Barbershop, Sunset Fitness Studio, Trainer, One Love Arcadia, and Salon. The Property is just 2 miles North of the Loop-202 Freeway and is adjacent to a plethora of Big Box retailers such as Target, Costco, and Fry’s as well as multiple multifamily properties and a variety of restaurants. With outstanding Thomas Road frontage, the property is exposed to over 50,000 vehicles per day. Situated in a high demographic neighborhood, close to the freeway, and 10 minutes from Phoenix Sky Harbor Airport, the bird cage ARCADIA offers an investor the rare opportunity to acquire a stable asset with a recent complete remodel including new roof, new storefront wooden doors, new HVAC Units throughout, new stucco, paint, parking lots, and new Tenant interiors.

Listing Contacts

TC
AZ BR013956000
OX Urban Properties
JR
AZ BR526666000, Br 12450985
Urban Properties
Listed by OX Urban Properties, Urban Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$540,130.00
$45,010.83/mo

Valuation Metrics

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DSCR
7.98%
Cap Rate
7.98%
ROI

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