51st & Olive Square

Off-Market

5116 West Olive Avenue, Glendale, AZ 85302

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Retail - Neighborhood Center
  • Property Size 88,225 SF
  • Lot Size 7.38 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1975

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 06 Nov, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Glendale

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Glendale Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $30.83
  • 2022 Office Vacancy Rate 4.07%
  • 2022 Office Completions (SF)
View more Glendale market trends

Location

Getting Around

  • Walk Score ®

    75/100 Very Walkable
  • Transit Score ®

    35/100 Some Transit
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Glendale, AZ
  • Neighborhood Chaparral Ranch
  • Zip Code 85302
  • Market Phoenix

Points of Interest

  • 19th Ave/ Dunlap

    3.98 miles

  • Northern/ 19th Ave

    4.21 miles

  • Glendale/ 19th Ave

    4.59 miles

  • 19th Ave/ Montebello

    5.25 miles

  • 19th Ave/ Camelback

    5.80 miles

  • 7th Ave/ Camelback

    6.47 miles

  • Central Ave/ Camelback

    6.87 miles

  • Campbell/ Central Ave

    7.25 miles

  • Indian School/ Central Ave

    7.50 miles

  • Osborn/ Central Ave

    7.94 miles

  • Fry's Fuel

    0.07 miles

  • Circle K

    0.14 miles

  • 76

    0.15 miles

  • Chevron

    0.87 miles

  • Circle K

    0.88 miles

  • Circle K

    0.92 miles

  • QuikTrip

    1.01 miles

  • Fry's Fuel

    1.52 miles

  • Arco

    1.56 miles

  • 76

    1.62 miles

  • Glendale City Hall Parking Garage

    2.24 miles

  • South Tower Parking Garage

    2.76 miles

  • East Parking Garage

    2.83 miles

  • Purple Lot

    2.89 miles

  • Blue Lot

    2.90 miles

  • Green Lot

    2.91 miles

  • Arizona Christian University | Parking Lot Guest

    3.61 miles

  • Arizona Christian University | Parking Lot 3

    3.81 miles

  • Grove Parking Garage

    4.24 miles

  • Halo Parking Garage

    4.34 miles

  • Burger King

    0.11 miles

  • Pizza Patron

    0.81 miles

  • Shako mako grill

    0.82 miles

  • Sonic

    0.87 miles

  • McDonald's

    0.89 miles

  • Panda Express

    0.90 miles

  • Jack in the Box

    0.92 miles

  • Papa John's

    0.92 miles

  • Domino's

    1.07 miles

  • Siam Thai Cuisine

    1.09 miles

  • Fry's Food and Drug

    0.00 miles

  • Walmart Neighborhood Market

    0.28 miles

  • Target

    1.23 miles

  • Walmart Supercenter

    1.34 miles

  • Ross

    1.40 miles

  • Ross

    1.50 miles

  • Fry's Food and Drug

    1.50 miles

  • Walmart Neighborhood Market

    2.00 miles

  • Albertsons

    2.01 miles

  • Fry's Marketplace

    2.14 miles

Frequently Asked Questions

What is the total square footage of 51st & Olive Square?

51st & Olive Square totals 88,225 square feet.

When was this property built?

51st & Olive Square was built in 1977.

When was 51st & Olive Square last sold?

51st & Olive Square was last sold on 06 Nov, 2015.

What is the property tax for 51st & Olive Square?

The property tax for 51st & Olive Square in 2022 was $84,445.

What is the market value for 51st & Olive Square?

The market value* for 51st & Olive Square in 2022 was $5,641,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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