Shops at Serafina
For Sale | Goodyear AZ | Multi-Tenant Retail | 6.5% CAP | 40,824 SF
Marketing description
Kidder Mathews is pleased to offer qualified investors the opportunity to acquire the 100% fee-interest in the Shops at Serafina. This offering represents a unique opportunity to acquire a quality constructed asset with a tenant roster comprised of desirable service-based tenants. The Shops at Serafina consists of a three (3) building, +/-33,600 SF multitenant retail, and second-floor, six (6) unit, +/-7,224 SF multi-family, a total of +/-40,824 development located on +/-4.26 acres.
This property is located just north of spring training facilities for Indians and Reds, across the street from Goodyear Recreation Center and Basis Goodyear, one of the highest-ranking charter schools in the nation, and high-density multi-family and single family residential. The property is a horizontally integrated retail and residential development, with both retail and adjacent to 268 residential units developed by Fairfield Residential. There are also six lofts above the retail storefronts. Located in Metro Phoenix, the country’s #2 workforce market, Goodyear is one of the fastest growing cities in the United States. The location, transportation assets, abundant land, high-capacity power and fiber, and lower cost environment combine to create strategic opportunities for business.
Investment highlights
- 100% Occupancy with Daily Needs Service-Oriented Tenancy
- Attractive In-Place Yield at a 6.5% Cap Rate
- Built-in Demand from Nearby Multi-Family Residential
- Long-Term Market Tailwinds In One of the Fastest Growing US Cities
- Affluent Demographics with Organic Rent Support
- Modern Construction with Scaled, Institutional-Quality Layout
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