This property is Off-Market

11033 North 23rd Avenue
Phoenix, AZ 85029 ·

19,885 SF · Industrial For Sale

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Deer Valley Industrial Investment

Price N/A No. Stories 1
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
Occupancy 100% Features
  • Fenced Yard
  • Electricity/Power
Listing ID: 15361050 Date Created: 09/28/2007 Last Updated: 06/10/2009

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.

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

Utilities

  • Fenced Yard
  • Electricity/Power

Research

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

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