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1851 S 19th Ave 113,099 SF Specialty Building Offered at $3,991,274 at a 7.03% Cap Rate in Phoenix, AZ 85009
Investment Highlights
- Zoned for both heavy and light industrial development.
- Fully leased with growth potential.
- Next door to freeway, seconds from interchange.
Executive Summary
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
| Price | $3,991,274 | Lot Size | 2.60 AC |
| Price Per SF | $35.29 | Building Size | 113,099 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.03% | Year Built | 2000 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Property Subtype | Contractor Storage Yard | ||
| Zoning | A-1/A-2 - 50% Light Industrial and 50% Heavy Industrial, allowing for a wide range of utilizations. | ||
| Price | $3,991,274 |
| Price Per SF | $35.29 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Property Type | Specialty |
| Property Subtype | Contractor Storage Yard |
| Lot Size | 2.60 AC |
| Building Size | 113,099 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Opportunity Zone |
Yes |
| Zoning | A-1/A-2 - 50% Light Industrial and 50% Heavy Industrial, allowing for a wide range of utilizations. |
1 1
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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