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1825 E 3rd St
Tempe, AZ 85281
Industrial Property For Sale
Investment Highlights
- Fully Leased to Collision Xperts through December 2028
- ±1.32 AC Contractor Yard with ±1,056 SF Office + ±900 SF Canopy Structure
- Less than 1 Mile to Loop 101 and 202
- $179,965 Year 1 NOI | 6.21% Cap Rate
- Asphalt Paved Site with Reinforced Concrete
- Redevelopment Potential at Lease Expiration — Prime Infill Tempe Location
Executive Summary
This ±1.32-acre infill IOS investment offers in-place cash flow with significant redevelopment upside in one of Metro Phoenix's most supply-constrained and land-scarce submarkets. Situated in the heart of Tempe — adjacent to Arizona State University and surrounded by ongoing multifamily and mixed-use development — the site represents a rare opportunity to acquire a fully leased asset with near-term optionality when the lease expires in December 2028.
The property is fully leased to Collision Xperts under a single-tenant NNN lease at a current rate of $14,997.15 per month with 3.5% annual increases. The asset generates $179,965 in Year 1 NOI and is offered at a 6.21% cap rate, providing investors with stable, growing income while they evaluate the site's long-term highest and best use.
Improvements include a ±1,056 SF office, ±900 SF canopy structure, and a fully asphalt-paved and reinforced concrete yard. The site is fully fenced and secured with immediate access to Loop 101 and 202, connecting to the entire Valley freeway network.
The property is fully leased to Collision Xperts under a single-tenant NNN lease at a current rate of $14,997.15 per month with 3.5% annual increases. The asset generates $179,965 in Year 1 NOI and is offered at a 6.21% cap rate, providing investors with stable, growing income while they evaluate the site's long-term highest and best use.
Improvements include a ±1,056 SF office, ±900 SF canopy structure, and a fully asphalt-paved and reinforced concrete yard. The site is fully fenced and secured with immediate access to Loop 101 and 202, connecting to the entire Valley freeway network.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.21% | Year Built | 1976 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.99/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 1.32 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 1,056 SF | ||
| Zoning | GID, City of Tempe | ||
| Sale Type | Investment |
| Cap Rate | 6.21% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.32 AC |
| Rentable Building Area | 1,056 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Tenancy | Single |
| Parking Ratio | 2.99/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | GID, City of Tempe |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $30,336 | Total Assessment | $67,058 |
Property Taxes
Parcel Numbers
Land Assessment
$30,336
Improvements Assessment
$0
Total Assessment
$67,058
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