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2851 Canyon Springs
For Sale $5,300,000
$5,300,000
- Units
- Unknown Sq Ft
- 51,401 Sq Ft
- Unknown Cap Rate
Description
The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 +/- Square Foot Regional Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of two nationally branded tenants, including Verizon & GameStop, and one regionally branded tenant AhiPoki, and also Pho Ha which has more than one location. All tenants are on NNN leases, and all renewed their options, except AhiPoki (they are taking over Subway Space in July 2024, because Subway has no more options). The building is also well-suited for future leasing that can produce increase in rents over time. Brokers and tenants call regularly unsolicited, wanting to know if any leases are expiring soon so they can takeover the space. The entire power center is very low turnover, as landlord has only ever lost one tenant when Payless filed bankruptcy. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the most visited shopping destinations in the region. All tenants are seasoned at this location, except for AhiPoki, but even then AhiPoki has clientele in the area, because they used to be located across Day Street in the Lowes shopping center.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,300,000 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 2004 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 291600041 |
| MLS # | EV24112982 |
| Property ID | 320553875 |
| Lot Sqft | 51,401 |
| Zoning | Unknown |
| Days on Market | 221 |
| Original List Price | $5,300,000 |
| Date Updated | December 13, 2024 |
| Date Created | June 03, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
BRAD FREEMAN an agent of . Lic #01329426
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 13, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT