Retail Space
8024 North Black Canyon Highway Phoenix, AZ 85023
Details & Description
Price: $5,638,000
    SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Camp at Black Canyon, a 3-building neighborhood retail center located in Phoenix, AZ. The property features a diverse tenant lineup comprised of medical, restaurant, and daily needs uses. OptumCare, a prominent regional urgent care brand within the UnitedHealth Group System (NYSE: UNH | S&P: A+), currently occupies 25% of the center’s GLA under a corporate guaranteed lease, and accounts for 25% of the annual potential rental revenue. 90% of the current tenants operate under NNN leases, limiting expense leakage for a new investor. This offering is currently 81% occupied, presenting the opportunity for an investor to add significant value through lease-up of the currently vacant space. The site has an attractive parking ratio of 6.55 stalls per 1,000 SF of GLA, providing ample parking for high-traffic tenants such as restaurants.
    Listing Agents
    John Redfield

    O: 949-698-1113
    john.redfield@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    8024 North Black Canyon Highway

    Phoenix, AZ 85023

    Listing ID: 256311
    • 8024 North Black Canyon Highway Phoenix, AZ 85023 | for Sale | Photo 1
    • 8024 North Black Canyon Highway Phoenix, AZ 85023 | for Sale | Photo 2
    • 8024 North Black Canyon Highway Phoenix, AZ 85023 | for Sale | Photo 3
    8024 North Black Canyon Highway | for Sale | Thumbnail 1
    8024 North Black Canyon Highway | for Sale | Thumbnail 2
    8024 North Black Canyon Highway | for Sale | Thumbnail 3
    Building Size: 35,858 SF
    Lot Size: 6.000 AC
    Land Size: 261,360 SF
    Building $/SF: $157.23
    Land $/SF: $21.57
    Price
    $5,638,000
    Description

    SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Camp at Black Canyon, a 3-building neighborhood retail center located in Phoenix, AZ. The property features a diverse tenant lineup comprised of medical, restaurant, and daily needs uses. OptumCare, a prominent regional urgent care brand within the UnitedHealth Group System (NYSE: UNH | S&P: A+), currently occupies 25% of the center’s GLA under a corporate guaranteed lease, and accounts for 25% of the annual potential rental revenue. 90% of the current tenants operate under NNN leases, limiting expense leakage for a new investor. This offering is currently 81% occupied, presenting the opportunity for an investor to add significant value through lease-up of the currently vacant space. The site has an attractive parking ratio of 6.55 stalls per 1,000 SF of GLA, providing ample parking for high-traffic tenants such as restaurants.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Phoenix History of Retail Space for Sale

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    Phoenix Area Market Trends

    Listing Demographics for 8024 North Black Canyon Highway Phoenix, AZ 85023

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population20,735142,657408,729
    Population Median Age353738
    Population by Age0-9 Yrs2905 (14%)19269 (13%)53061 (12%)
    10-19 Yrs2344 (11%)17389 (12%)47406 (11%)
    20-29 Yrs4296 (20%)22963 (16%)64287 (15%)
    30-39 Yrs2882 (13%)20666 (14%)58681 (14%)
    40-49 Yrs2624 (12%)17743 (12%)51937 (12%)
    50-59 Yrs2263 (10%)17747 (12%)54333 (13%)
    60-69 Yrs1850 (8%)14585 (10%)42835 (10%)
    70+ Yrs1570 (7%)12295 (8%)36188 (8%)
    Median HH Income$48,092$53,417$55,409
    Total Household Income< 24K1524 (19%)10643 (20%)31112 (20%)
    25-49K2519 (32%)13659 (26%)38074 (24%)
    50-74K1555 (20%)10490 (20%)30312 (19%)
    75-99K1080 (13%)7128 (13%)21338 (13%)
    100-199K938 (12%)8171 (15%)26510 (17%)
    200K+152 (1%)1946 (3%)5765 (3%)
    Highest Education LevelNo Diploma19341303335289
    Diploma or GED35182544073934
    Some College36552540773661
    Assoc. Degree1245887125853
    Bachelors Degree23131495946451
    Higher Degree772757623883
    Total Housing Units8,48057,011166,494
    --Owner-Occupied3,77128,08585,944
    --Renter-Occupied3,99823,95167,167
    Owner-Occupied Values< 100K20124868948
    100-199K19061092531330
    200-299K14631001429811
    300-399K14726338535
    400-499K1411103357
    500K+409193964
    Total Working Age Population16,625113,224327,621
    In Work Force11,03273,579216,044
    Not In Work Force5,59339,645111,577
    Workforce Employed10,55769,280204,064
    Workforce Unemployed4754,23211,829
    Civlian Workforce11,03273,512215,893
    Military Workforce068151
    Total Households7,76952,037153,111
    Family Households4,51932,67194,371
    Non-Family Households3,25019,36558,740
    Married Couple2,57620,60261,483
    Other Family1,94312,06932,888
    Married w/Child1,0698,35323,371
    Single Male w/Child4392,1934,995
    Single Female w/Child4544,06911,372

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Arizona5,130,632+256,392,017+147,286,100+148,284,900
    Maricopa County3,072,149+243,817,117+164,436,900+155,107,700

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 8024 North Black Canyon Highway in Phoenix?
    The asking price for 8024 North Black Canyon Highway is $5,638,000
    What is the building size of this Retail property in Phoenix, AZ?
    The size of the building/unit at 8024 North Black Canyon Highway in Phoenix is 35,858 square feet
    How much land does the Phoenix, AZ property at 8024 North Black Canyon Highway include?
    8024 North Black Canyon Highway in Phoenix includes 6.000 acres of land
    What kind of Retail is the propery at 8024 North Black Canyon Highway?
    The property at 8024 North Black Canyon Highway Phoenix, AZ 85023 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 8024 North Black Canyon Highway in Phoenix?
    The population within 1 mile of 8024 North Black Canyon Highway Phoenix, AZ 85023 is 20,735 people.
    Who do I contact for questions about 8024 North Black Canyon Highway?
    You should contact the listing agent, John Redfield, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Phoenix Sky Harbor International Airport (PHX) 14
    Tucson International Airport / Morris Air National Guard Base (TUS) 124
    McCarran International Airport (LAS) 242
    Price
    $5,638,000
    Listing Agent
    More listings from John Redfield
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