Recent Closings of Shops at Northern Crossings

Property Name: Shops at Northern Crossings
COE: 2/10/17
Purchase Price: $3,593,000
Cap Rate: 6.97% (actual)
Price Per SF: $260
Building: ±13,835 SF
Year Built: 2004
Land Size: ±1.85 Acres
Occupancy: 82% (actual)
Property Location: (SEC 59th Ave & Northern Ave)

5849 W. Northern Ave, Glendale, AZ

Buyer: MNG Management LLC
Seller: DLH Northern LLC (Ben Johnson)
Notes: Sold for 97% of asking price
Listing Brokers: Danny Gardiner and Steven Underwood at Phoenix Commercial Advisors represented the Seller in this transaction.

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