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Deer Valley Industrial Investment
11033 North 23rd Avenue, Phoenix, AZ 85029
19,885 SF | Industrial
Industrial Property - Off Market
- Building Size:
- 19,885 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Net Lease Investment with
- 4 years left on lease
- Cap Rate:
- No. Stories:
- Year Built:
- Drive In/Grade-Level Doors:
- Lot Size:
- 1.49 AC
- APN / Parcel ID:
- Listing ID
- Last Updated
- over 1 year ago
- Fenced Yard
- 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
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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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO