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Deer Valley Industrial Investment

11033 North 23rd Avenue, Phoenix, AZ 85029

N/A

19,885 SF | Industrial

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Industrial Investment

Industrial Property - Off Market

Price:
N/A
Building Size:
19,885 SF
Property Type:
Industrial
Property Sub-type:
Warehouse
Property Use Type:
Net Lease Investment with
4 years left on lease
Cap Rate:
7.52%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1979
Drive In/Grade-Level Doors:
6
Lot Size:
1.49 AC
APN / Parcel ID:
149-08-082
Listing ID
15361050
Last Updated
over 1 year ago

Utilities

  • Fenced Yard
  • Electricity/Power

Highlights

  • New Five Year Lease
  • Strong Tenant
  • 7.41% Cap Rate
  • $90/SF
  • Close to I-17, I-60, I-10 an Loop 101 Freeways
  • Frontage along 23rd Avenue

Description

11033 N. 23rd Avenue is a single-tenant Industrial Building with frontage along 23rd Avenue just west of the Interstate-17 Freeway in the Deer Valley Airpark submarket. The total improvements equal 19,885 Sq Ft +/- square feet and consist of block and metal construction. The office and warehouse were constructed in 1981 and 1979, respectively. The Property is situated on 1.49 acres of land, zoned A-1 Industrial, City of Phoenix.

Property is currently occupied by Argent Construction, a high-voltage electric contractor. Argent has been in business since 1990 and has maintained ongoing contracts with Arizona Public Service (APS) and Salt River Project (SRP) since its inception. Argent, a long-time tenant, has a Net Lease in place through May 2012.

The offering represents an exciting opportunity for an investor to acquire a high cap rate investment property with an existing long-term tenant.

PLEASE DO NO DISTURB THE TENANTS OR ONSITE MANAGEMENT AS THEY ARE NOT AWARE OF THE SALE. PROPERTY VISITS ARE BY APPOINTMENT ONLY. PLEASE CALL LISTING BROKER FOR MORE INFO AND TO SCHEDULE A VISIT.

23rd Ave & Peoria Ave.

Property is east of the I-17 Freeway and south of the Loop 101 Freeway, in Phoenix, Arizona.

Map of 11033 North 23rd Avenue, Phoenix, AZ 85029 (Maricopa County)

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