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3802 S 28th St 11,778 SF Industrial Building Phoenix, AZ 85040 $1,850,000 ($157.07/SF)

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INVESTMENT HIGHLIGHTS

  • 11 roll up doors. 5 separate units
  • Separate office space now being used as a residence by manager
  • Block Construction. Roof was completed in last 3 years

EXECUTIVE SUMMARY

This property has been on the market for awhile. It is now priced to move quickly. Seller is being forced to liquidate due to family health issues. This is a very good deal for the hold investor or user. Seller will carry. Try 25 % down carry for 7 years amortized over 25 years. Perfect for any automobile, contractor shop related business or material storage. 1600 square foot is currently leased month to month by auto paint business. The lease payment is $2,100 per month and they would like to stay if the buyer elects. This unit includes a paint booth. There is a 1158 square foot residence on the property that can be used as an office. 11 rollup doors make this an ideal business for automotive or contractors. The current manager resides in the residence and is willing to stay on as a a manger for the buyer if the buyer elects. The remainder of the property has been owner user auto related business for 22 years.

PROPERTY FACTS

Price $1,850,000
Price Per SF $157.07
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 0.80 AC
Rentable Building Area 11,778 SF
No. Stories 1
Year Built 1985
Tenancy Single
Parking Ratio 1.53/1,000 SF
Clear Ceiling Height 13’
No. Drive In / Grade-Level Doors 11
Opportunity Zone Yes
Zoning C-2, Phoenix - C2

AMENITIES

  • Fenced Lot

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
122-23-002E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$97,175
  • Listing ID: 31856030

  • Date on Market: 5/18/2024

  • Last Updated:

  • Address: 3802 S 28th St, Phoenix, AZ 85040

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