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1581 Boyles Way 44,000 SF Industrial Building Camp Verde, AZ 86322 $7,100,000 ($161.36/SF) 10% Cap Rate
Executive Summary
Property is for sale with a master lessor in place that is a licensed cannabis operator and currently has two cannabis sub tenants. Property currently has 20,000sf of unused space that is leasable to additional cannabis sub tenants to operate under the master lessors license or additional holders of an independent AZ Marijuana Establishment License. The owners and tenants maintain a good relationship and the master lease can be retailored to allow for owner to lease out remaining space themselves and/or to allow sub tenant to lease space and owner shall receive increased rents in proportion.
Property Facts
| Price | $7,100,000 | Rentable Building Area | 44,000 SF |
| Price Per SF | $161.36 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2006 |
| Cap Rate | 10% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.41/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 55’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 2.50 AC | ||
| Zoning | C3 - Commercial Zoning | ||
| Price | $7,100,000 |
| Price Per SF | $161.36 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.50 AC |
| Rentable Building Area | 44,000 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 0.41/1,000 SF |
| Clear Ceiling Height | 55’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C3 - Commercial Zoning |
Amenities
- Fenced Lot
- Security System
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 404-02-024T | Improvements Assessment | $7,607,182 |
| Land Assessment | $254,910 | Total Assessment | $7,862,092 |
Property Taxes
Parcel Number
404-02-024T
Land Assessment
$254,910
Improvements Assessment
$7,607,182
Total Assessment
$7,862,092
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1581 Boyles Way
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