Grant Kaku

Senior Associate

818.212.2686

"

You can never stop learning. "

Danny Abergel

Senior Associate

CA BRE: 01797904

818.212.2715

"

Beware of the little expenses. A small leak can sink a great ship."

Rebekah Zweiban

Senior Research Analyst

818.212.2731

"

Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Ezra Orr

Senior Director, Digital Development

818.212.2730

"

The only person you should try to be better than is the person you were yesterday."

Jesica Ocheltree

Operations Manager

818.212.2730

"

Happiness is a choice, not a result. "

Kathy Magallanes

Certified Agent Support Specialist

"

Success is not in what you have, but who you are."

3 Tenants in Elliot Plaza

7720, 7760A, & 7760B S Priest Drive, Tempe, AZ 85284

Price:
$8,340,000
CAP Rate:
6.77%
NOI:
$564,632
Net Rentable Area:
53,778 SF
Lot Size:
6.59 Acres Acres
Year Built:
1994
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • 3 tenant in-line shops part of an 18.41 acre center
  • The Center is anchored by LA Fitness and is surrounded by other national retailers such as Costco, WalMart and Ross Dress For Less
  • 100% +/- leased, with 70% of the tenants in the Center leased thru 2024 (not including option periods)
  • Densely populated area and string infill limits future new development creating high barriers to entry for direct competition to the tenancy
  • Significant visibility with more than 202,000 VPD passing in front of the site daily and its proximity to the I-10, the 202 loop and 101 Fwy

RECENT LISTINGS