$2,340,316
Phoenix, AZ 85021
MLS# 6740428
1 / 4
Property Description
Fully renovated building (2023) with a fully NNN lease in place for 10 years with 2 five year options and 3.5% yearly increases. Tenant is investing approximately $100,000 in building improvements including a paint booth and bringing gas into the building. Please do not disturb current tenant.
Details
Maps
Contract Info
Current Price: $2,340,316
List Price: $2,340,316
Status: Active
List Date: 2024-08-06
Ownership: Fee Simple
Location, Tax & Legal
House Number: 1911
Compass: W
Street Name: CHERYL
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 1913
Country: USA
County Code: Maricopa
Legal Description (Abbrev): BEG NE COR SE4 NE4 TH W 190F S 40F TO TPOB TH W 140F S 145.01F E 140F N 145.01F TO TPOB
Assessor's Map #: 10
Assessor's Parcel #: 10
Assessor Parcel Ltr: F
Add'l Parcels: No
Assessor Number: 149-10-010-F
Census Tract: 104402
Legal: BEG NE COR SE4 NE4 TH W 190F S 40F TO TPOB TH W 140F S 145.01F E 140F N 145.01F TO TPOB
Tax Municipality: Phoenix
Taxes: 11218
Tax Year: 2023
Marketing Name: Absolute NNN Lease
General Property Description
Type of Property: Flex warehouse
Ttl Apx SqFt Bldg: 9029
# of Buildings: 1
Year Built: 1983
Volts/Amps: 400
Uncvrd Parking Spcs: 18
Zoning: C-3
Flood Zone: No
Remarks & Misc
Cross Street: 19th Ave & Peoria
Directions: From 19th Ave and Peoria, head south then W on Cheryl, building is on the south side.
Geo Lat: 33.578151
Geo Lon: -112.100493
Status Change Info
Status Change Date: 2024-08-06
Legal Info
Township: 3N
Range: 2E
Section: 25
Bay Info
# of Bay Doors: 1
Income & Expenses
Owner Association: No
Operating Exp: 11218
Net Operating Income: 146269
Pmt & Rate Info
Cap Rate: 6.25
Equity: 2340316
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial; Industrial; Office
Current Use: Automobile; Office; Warehouse
Stories: 2 Stories
Construction: Block
Roofing: Rolled
Floors: Concrete; Vinyl; Carpet
Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet
Heating: Office Heated; 2 or More Units
Cooling: Office A/C
Loading Facilities: Drive-in Door(s)
Interior: Finished; Security Light(s); Private Restrooms
Exterior: Landscaping; Storage Yard; Building Sign; Security Light(s)
Fencing: Block; Security
Amenities: Conference Room; Showroom; Skylight(s); Security Gate
Parking: Fenced
Electric: APS; Over 220 Amp
Gas: None
Water: City Franchise; Irrigation
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Traffic Count: 25,001 to 35,000
Reports/Disclosures: None
Use Restrictions: Currently Leased; Existing Easement(s)
Environmental: Phase I Available
Listing Office: My Home Group Real Estate
Last Updated: August - 07 - 2024
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