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1851 S 19th Ave
Phoenix, AZ 85007
Land For Sale
·
2.60 AC
INVESTMENT HIGHLIGHTS
- Zoned for both heavy and light industrial development
- Next door to freeway, seconds from interchange.
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present this prime 2.6-acre, extremely rare infill A1/A2 Zoned Industrial investment property, in an Opportunity Zone, fronting the I-17 Interstate. The property is 100% leased to two strong tenants. The primary tenant, Ancora (a subsidiary of Lindenwood Education System), operates under a triple-net (NNN) lease extending through November 2030. The secondary tenant, Summit Brick Company, a masonry fabricator and distributor founded in 1902, occupies the remaining space on a month-to-month gross lease and has recently expressed interest in securing a long-term lease. This is an exceptional opportunity to acquire a fully leased, low-maintenance commercial property with strong income potential in a high-traffic, high-exposure location. Note: The billboard has a permanent easement and is not included in the sale.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,991,274 | Lot Size | 2.60 AC |
| Price Per AC | $1,537,233.86 |
| Price | $3,991,274 |
| Price Per AC | $1,537,233.86 |
| Lot Size | 2.60 AC |
2.6 acre industrial paved and fenced lot. Fully leased with a cap rate of 7%.
DESCRIPTION
Paved and fenced 2.6 acre lot with frontage along I-17
PROPERTY TAXES
| Parcel Number | 105-31-133A | Improvements Assessment | $0 |
| Land Assessment | $63,700 | Total Assessment | $63,700 |
PROPERTY TAXES
Parcel Number
105-31-133A
Land Assessment
$63,700
Improvements Assessment
$0
Total Assessment
$63,700
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