FREESTANDING›MIDTOWN

Camelback Retail Row

FOR SALEListing ID: #04Y8IJQS  ·  2400 E Camelback Rd, Phoenix, AZ 85004
Asking Price
$19,800,000
Total Area
61,000 SF
Cap Rate
6.3%
Year Built
2008
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SALES COMPARISON

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EXPLORE THE NUMBERS

Valuation Calculator

Adjust the purchase and financing assumptions to evaluate this property.

0% down100% · All cash
Loan amount
$13,860,000
Annual debt service
$1,071,602
$89,300 / month
Annual cash flow
$175,798

Valuation Metrics

DSCR
1.16×
NOI ÷ debt service
Cap rate
6.30%
NOI ÷ purchase price
Cash-on-cash ROI
2.96%
Annual cash flow ÷ down payment

Starting assumptions: 30% down, 6% interest, 25-year amortization. Estimates use monthly principal and interest payments; exclude closing costs, taxes on income, capital expenditures, and appreciation. ROI shown is annual cash-on-cash return.

Asset Summary

Camelback Retail Row is a Freestanding asset located in the Midtown submarket of Phoenix, AZ. Offering strong fundamentals and durable cash flow, this sale opportunity is positioned for investors seeking exposure to a growth market.

Property Details

Property typeRetail
SubtypeFreestanding
Market statusOn market
SubmarketMidtown
Lot sizeNot provided
ZoningC-2
Building area61,000 SF
Year built2008
Property classB
Units / keysNot provided
Parking spaces153

Owner / user opportunity · Broker co-op offered

Tenancy & Lease

TenancyMulti-tenant
Occupancy90%
Tenant / brandNot provided
Lease structureNNN
Remaining lease term10 years
Tenant creditInvestment grade

Property Record

Parcel, ownership and tax information supplied for this property.

Parcel / APNNot provided
County / jurisdictionNot provided
Recorded ownerNot provided
Legal descriptionNot provided
Assessed valueNot provided
Annual property taxesNot provided
Tax yearNot provided
Record as ofNot provided
Record sourceNot provided

Public records have not been supplied for this listing. Request the parcel record and current tax bill from the listing broker.

Property History

  1. Published on CREvista

    Listing publication date; not a sale or transfer.

    Source: CREvista listing record
  2. Year builtSource: Broker-supplied property details

Prior sales, transfers, price changes and renovation records have not been supplied. Contact the broker for the property's historical records.

Financial Performance

INCOME COMPONENTANNUAL AMOUNT
Estimated Gross Scheduled Income$1,861,791
Estimated Operating Expenses($614,391)
Net Operating Income (NOI)$1,247,400
Estimated Capital Reserves$37,422

Estimates use submitted NOI and a standardized expense assumption. Verify all figures against source documents.

Investment Resources

Contact the listing broker to request the available investment package.

Strategic Location

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EST. WALKABILITY
68
VERY WALKABLE
EST. AREA INCOME
$194k
STRONG DEMOGRAPHICS
EST. TRANSIT ACCESS
88
GOOD TRANSIT