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2824 E Washington St 8,083 SF Industrial Building Phoenix, AZ 85034 $2,100,000 ($259.80/SF) 6.15% Cap Rate
Investment Highlights
- ±8,083 SF Freestanding Industrial Building on ±0.50 AC
- Fully Fenced and Secured
- Fully Leased to PumpMan through September 2028
- Power - 400Amp 240V (To be Confirmed by Buyer)
- Frontage on Washington St
- 6.15% Cap Rate | $2,100,000 Asking Sales Price
Executive Summary
±8,083 SF freestanding industrial building on ±0.47 AC available for sale just north of Phoenix Sky Harbor airport. The property is centrally located with proximity to Loop 202, SR-51, I-17, and I-10, with frontage on Washington Street. The property is fully leased to PumpMan through September of 2028.
Investment Highlights:
- Leased to PumpMan through September of 2028
- Lease Rate - $10,777.33/mo NNN
- 3% Annual Increases
- 3.5 Years Remaining on Lease
- 6.15% Cap Rate
Investment Highlights:
- Leased to PumpMan through September of 2028
- Lease Rate - $10,777.33/mo NNN
- 3% Annual Increases
- 3.5 Years Remaining on Lease
- 6.15% Cap Rate
Property Facts
| Price | $2,100,000 | Rentable Building Area | 8,083 SF |
| Price Per SF | $259.80 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1950 |
| Cap Rate | 6.15% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.48 AC | Opportunity Zone |
Yes
|
| Zoning | A-1 - Light Industrial | ||
| Price | $2,100,000 |
| Price Per SF | $259.80 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.48 AC |
| Rentable Building Area | 8,083 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 1.23/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | A-1 - Light Industrial |
Amenities
- Fenced Lot
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $18,915 | Total Assessment | $64,295 |
Property Taxes
Parcel Numbers
Land Assessment
$18,915
Improvements Assessment
$0
Total Assessment
$64,295
Contacts
-
Max Schumacher, SIOR -
Patrick Sheehan -
Jack Hansen -
Mia Moilanen -
Rein & Grossoehme
1 of 9
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2824 E Washington St
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