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Acre
01 / 09
SoldRetail

$6,535,000

1924 N Central Ave

Coronado · Phoenix, AZ 85012

$335/sq ft54 days on market1.1K views81 saves

Key facts

Interior
19,530 sq ft
Lot
1.15 acres
Year built
1980
Property type
Retail
Price / sq ft
$335/sq ft
Annual taxes
$40,520
Days on market
54

Getting around

Walk Score62

Somewhat Walkable

Transit Score35

Some Transit

Bike Score55

Bikeable

About this property

Value-add retail property in Coronado with below-market rents rolling inside the next cycle. The improvements include drive-thru, monument signage and corner visibility. Tours coordinated through the listing team; Phoenix submarket comps included in the package.

Investment summary

Investment summary

Cap rate

7.30%

Net operating income ÷ price

Net operating income

$477,055

Annual, after operating expenses

Cash-on-cash

+5.0%

$97,786 annual cash flow on $1,960,500 equity

Occupancy85%

16,601 sq ft leased of 19,530 sq ft

Tenants
4
Rentable area
19,530 sq ft
Price / sq ft
$335/sq ft
WALE
9.4 yrs
Lease type
Absolute Net
Building class
Class B
Zoning
CG-1
Parking
68 spaces

Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $379,269 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.

Features & amenities

Features & finishes

Parking & Access

  • On-Site Parking

Highlights

  • Drive-Thru
  • Monument Signage
  • Corner Visibility
  • Build-to-Suit Ready

Price history

Every listing event recorded for this property.

  • Listed
  • Sold
Price history across 3 events: $4,640,000 to $6,535,000, up 40.8 percent.
DateEventPrice
2019-01-24Sold$4,640,000
2026-06-01Listed$6,535,000
2026-07-14Sold$6,535,000

Location

Coronado, Phoenix — Maricopa County

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Approximate location · Coronado

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Estimate your monthly payment

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Estimated monthly

$37,984/mo

  • Principal & interest86%$32,701
  • Property tax9%$3,377
  • Home insurance5%$1,906

An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.

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Loan amount $5,228,000 · 30 yr · 6.40%