11033 North 23rd Avenue
Phoenix, AZ 85029 ·
19,885 SF · Industrial For Sale
Deer Valley Industrial Investment
|Building Size||19,885 SF||Tenancy||Single|
|Property Type||Industrial||Year Built||1979|
|Property Sub-type||Warehouse||No. Drive In / Grade-Level Doors||6|
|Property Use Type||Net Lease Investment with 4 years left on lease||Lot Size||1.49 AC|
|Cap Rate||7.52%||APN / Parcel ID||149-08-082|
|Listing ID: 15361050||Date Created: 09/28/2007||Last Updated: 06/10/2009|
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.
- New Five Year Lease
- Strong Tenant
- 7.41% Cap Rate
- Close to I-17, I-60, I-10 an Loop 101 Freeways
- Frontage along 23rd Avenue
- Fenced Yard
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