|Price/Rent PSF||$ 1,975,000.00|
The subject property is west of the northwest corner of Indian School Road and 91st Avenue. The site is less than a quarter mile east of the Loop 101 Agua Fria Freeway in the West Valley. This particular area of Phoenix is situated between Glendale and Avondale, which are two major densely populated West Valley sub markets. Westgate Entertainment District in Glendale and Gateway Pavillions in Avondale are within close proximity to the subject site. There are over 350,000 people within a 5 mile radius of the property and population growth is expected to increase at nearly 10% annually for the next five years. This property is conveniently located to a major valley freeway, which produces nearly 125,000 cars per day by the Indian School Road exit. On the arterial of Indian School and 91st Ave, this intersection produces nearly 30,000 cars per day.
The subject site consists of 4.58 acres of land currently zoned PSC per the City of Phoenix. There is 332 feet of direct frontage along Indian School Road. Offsite improvements consist of curb, water, sidewalk, electricity, gas, sewer, and water. The property is located in a densely populated suburban west Phoenix market. The surrounding sub market has numerous elementary and high schools and Banner Estrella Medical Center is located within minutes to the south.