Log In/Sign Up
Your email has been sent.
2220 W 14th St 13,124 SF Flex Building Tempe, AZ 85281 $3,675,000 ($280.02/SF) 6.10% Cap Rate
Investment Highlights
- Centrally located in Metro Phoenix
- Ample power and 100% AC
- Single Tenant NNN Investment
Executive Summary
The subject property was built in 1986 and extensively remodeled
in 2023 with approximately $315,000 in capital towards office
improvements and air conditioning units for the warehouse. It is
located within the established Northwest Tempe Industrial submarket
where there are numerous single and multi-tenant industrial buildings
in a submarket of ±10.5 million sf. The building is close to both the I-10,
I-17 and US-60 freeways and the SR-143 full diamond interchange to
the Loop 202 Red Mountain freeway. The building is attractive and well
maintained. The offices and warehouse are recently renovated. Pacific
Edge Wine & Spirits Inc. is the Tenant with the lease running until April
30, 2028. The lease is based on ±13,124 sf building at a $1.374/sf monthly
NNN escalating at 4% per annum. The subject property is located on
a site of 0.75 acres.
in 2023 with approximately $315,000 in capital towards office
improvements and air conditioning units for the warehouse. It is
located within the established Northwest Tempe Industrial submarket
where there are numerous single and multi-tenant industrial buildings
in a submarket of ±10.5 million sf. The building is close to both the I-10,
I-17 and US-60 freeways and the SR-143 full diamond interchange to
the Loop 202 Red Mountain freeway. The building is attractive and well
maintained. The offices and warehouse are recently renovated. Pacific
Edge Wine & Spirits Inc. is the Tenant with the lease running until April
30, 2028. The lease is based on ±13,124 sf building at a $1.374/sf monthly
NNN escalating at 4% per annum. The subject property is located on
a site of 0.75 acres.
Property Facts
| Price | $3,675,000 | Rentable Building Area | 13,124 SF |
| Price Per SF | $280.02 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1986/2021 |
| Cap Rate | 6.10% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 2.59/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 14’ |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.75 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | GID - GID General Industrial | ||
| Price | $3,675,000 |
| Price Per SF | $280.02 |
| Sale Type | Investment NNN |
| Cap Rate | 6.10% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 0.75 AC |
| Rentable Building Area | 13,124 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2021 |
| Tenancy | Single |
| Parking Ratio | 2.59/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | GID - GID General Industrial |
Property Taxes
| Parcel Number | 124-58-118 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $173,531 |
Property Taxes
Parcel Number
124-58-118
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$173,531
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2220 W 14th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.