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CANNABIS CULTIVATION FACILITY 2602 29th ave 12,000 SF 100% Leased Industrial Building Phoenix, AZ 85009 $2,150,000 ($179.17/SF) 7.54% Cap Rate
INVESTMENT HIGHLIGHTS
- TRIPLE NET LEASE – Passive Income Opportunity
- LOCATED IN OPPORTUNITY ZONE – Benefits to Avoiding Capital Gains Taxes
- HEAVY POWER – 3,000 Amps | 3 Phase
- AVERAGE OF 4.76% ANNUAL RENT INCREASE – Hedge Against Inflation
- PROXIMITY TO MAJOR HIGHWAYS – US-60, I-17, & I-10
- EXTENSIVE TENANT IMPROVEMENTS – Shows Tenant’s Commitment to Site
EXECUTIVE SUMMARY
Broker of Record
David Harrington
License No. CO701910000 (AZ)
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
David Harrington
License No. CO701910000 (AZ)
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
PROPERTY FACTS
| Price | $2,150,000 | Building Class | C |
| Price Per SF | $179.17 | Lot Size | 0.84 AC |
| Sale Type | Investment | Rentable Building Area | 12,000 SF |
| Cap Rate | 7.54% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1970 |
| Property Subtype | Distribution | Opportunity Zone |
Yes
|
| Zoning | A2 | ||
| Price | $2,150,000 |
| Price Per SF | $179.17 |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 0.84 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
| Zoning | A2 |
1 1
PROPERTY TAXES
| Parcel Number | 108-32-038A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $125,311 |
PROPERTY TAXES
Parcel Number
108-32-038A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$125,311
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VIDEOS
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MATTERPORT 3D TOUR
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CANNABIS CULTIVATION FACILITY | 2602 29th ave
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