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5-PROPERTY LEASED-FEE PORTFOLIO 1 Multifamily Properties Offered at $1,100,000 in Tempe, AZ
Investment Highlights
- Leased-fee (lessor) interest in five residential ground leases — own the land and the income, not the operating costs
- ~$3.26M estimated underlying fee value versus the $1,100,000 portfolio price
- 100% occupied by unrelated, third-party lessees — stable, in-place income
- In-place ground rent of ~$31,707/year, absolute-net, increasing 17.5% every five years by contract
- 93–97 years remaining; land and improvements revert to the owner at lease end
- No property tax, insurance, maintenance, or management burden on the owner
Executive Summary
This is a rare opportunity to acquire the leased-fee (lessor) interest in a five-property residential ground-lease portfolio across Scottsdale,
Tempe, and Mesa — three single-family homes, one triplex, and one fourplex, ten residential units in total. The owner holds the land and
collects an in-place ground rent of approximately $31,707 per year that increases 17.5% every five years by contract. The leases are
absolute-net: the lessees pay all property taxes, insurance, maintenance, and capital costs, leaving the owner with no operating
responsibilities. Roughly 93 to 97 years remain on the 99-year terms, at the end of which the land and all improvements revert to the
owner at no cost. With an estimated underlying fee-simple value of approximately $3.26 million against a portfolio price of $1,100,000,
the offering pairs durable, rising income with a deep discount to underlying real-estate value — a profile suited to 1031 exchange
buyers, family offices, estate-planning strategies, and self-directed retirement accounts. Offered exclusively as a single five-property
portfolio.
Tempe, and Mesa — three single-family homes, one triplex, and one fourplex, ten residential units in total. The owner holds the land and
collects an in-place ground rent of approximately $31,707 per year that increases 17.5% every five years by contract. The leases are
absolute-net: the lessees pay all property taxes, insurance, maintenance, and capital costs, leaving the owner with no operating
responsibilities. Roughly 93 to 97 years remain on the 99-year terms, at the end of which the land and all improvements revert to the
owner at no cost. With an estimated underlying fee-simple value of approximately $3.26 million against a portfolio price of $1,100,000,
the offering pairs durable, rising income with a deep discount to underlying real-estate value — a profile suited to 1031 exchange
buyers, family offices, estate-planning strategies, and self-directed retirement accounts. Offered exclusively as a single five-property
portfolio.
Property Facts
| Price | $1,100,000 | Number of Properties | 5 |
| Price / SF | $381.68 / SF | Individually For Sale | 0 |
| Sale Condition | Ground Lease (Leased Fee) | Total Building Size | 2,882 SF |
| Sale Type | Investment | Total Land Area | 0.22 AC |
| Status | Active |
| Price | $1,100,000 |
| Price / SF | $381.68 / SF |
| Sale Condition | Ground Lease (Leased Fee) |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 2,882 SF |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 515 W Pebble Beach Dr, Tempe, AZ 85282 | Multifamily | 2,882 SF | 1972 | - |
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