NNN Investment in Glendale, AZ Sells for $2,650,000
Robert Kerr, CCIM, AACI | 619.241.2125 | firstname.lastname@example.org
NNN Investment in Glendale, Arizona Sells for $2,650,000
San Diego, CA – July 28, 2015 – NAI San Diego recently announced that Robert Kerr, CCIM, AACI represented the sale of 4250 W. Pinnacle Peak Road in Glendale, Arizona. The single tenant NNN leased investment property sold for $2,650,000 at a 7.92% cap rate.
This approximate 8,024 square foot retail/office building on a 0.9 acre lot was built specifically for the tenant in 2011. It is currently leased to Kiddie Academy Child Care Learning Center who has approximately eleven years remaining on the lease term and additional options to extend. Glendale Academy, LLC, represented by Robert Kerr, CCIM, AACI of NAI San Diego, purchased this property from Pinnacle 43, LLC, represented by Scott Fey and Victor Gilgan of Omni American, LLC.
To learn more, visit www.naisandiego.com