$2,825,000
Peoria, AZ 85345
MLS# 6716266
Status: Closed
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Property Description
This is a great opportunity for investors looking for growth potential in a rapid expanding Peoria market. Sun Aire Plaza II is a 100% occupied retail strip center with a diverse multi-tenants.The building is 16,470 square feet, sits on almost 1.5 acre lot, fronts a major street with high traffic counts, monument signage, ample on site parking, high visibility and easy access to Loop 101. The plaza is also close proximity to Peoria's P83, Downtown Peoria State Farm Stadium, Westgate Entertainment Center, as well as surrounded by an array of new development projects slated to open 2024-2025 such as VAI Resort, Stadium Point in addition to numerous multifamily and residential projects densely populated and adjacent to the Loop 101. Drive by only. Please DO NOT disturb
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,825,000
Sold Price: $2,825,000
Status: Closed
List Date: 2024-06-07
Location, Tax & Legal
Assessor's Map #: 54
Legal Description (Abbrev): SUN-AIR ESTATES UNIT 1 AMD
Assessor's Parcel #: 189
Add'l Parcels: No
Tax Municipality: Peoria
Census Tract: 71909
Taxes: 16365
Legal: SUN-AIR ESTATES II
Marketing Name: PEORIA RETAIL PLAZA
House Number: 9501
Compass: W
Street Name: PEORIA
St Suffix: Avenue
City/Town Code: Peoria
State/Province: AZ
Zip Code: 85345
Zip4: 6135
County Code: Maricopa
Subdivision: SUN AIR ESTATES II
Assessor Number: 142-54-189
Tax Year: 2023
General Property Description
Type of Property: MULTI TENANT RETAIL PLAZA
Ttl Apx SqFt Bldg: 16470
Ttl Apx Net Rnt Spc: 16120
# of Buildings: 1
Uncvrd Parking Spcs: 131
Year Built: 1979
Zoning: C-2
Legal Info
Range: 1E
Section: 28
Township: 3N
Lot Number: 142-54-189
Construction
Block: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Carpet: 1
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Service Business: 1
Religious Facility: 1
Restaurant: 1
Recreation: 1
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.71
Equity: 2950000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Alarm System: 1
Phone System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Landscaping: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Building Features
Conference Room: 1
Kitchen: 1
Showers - Office: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
Gas
City Gas: 1
New Financing
Cash Only: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: W. Peoria Ave and N. 95th Avenue
Geo Lat: 33.580082
Geo Lon: -112.264532
Status Change Info
Off Market Date: 2024-11-04
Under Contract Date: 2024-08-19
Close of Escrow Date: 2024-11-01
Sold Price: $2,825,000
Income Expenses
Net Operating Income: 197841
Property Features
Building Type: Commercial
Business Type: Service Business; Religious Facility; Restaurant; Recreation; Professional/Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: Grade Level
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Alarm System; Phone System; Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign
Fencing: Block
Building Features: Conference Room; Kitchen; Showers - Office
Parking Features: Free; Parking Lot; Private; Paved
Electric: SRP
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Showing Notification Methods: Text; Email
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Owner
Road Surface Type: Asphalt
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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