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Investment Opportunity 5700 E Old Walnut Canyon Rd 9,600 SF 100% Leased Industrial Building Flagstaff, AZ 86004 $3,750,000 ($390.63/SF) 6.60% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Longterm lease with credible tenant in Wyndham Resorts sitting on a 25 year lease.
  • Adjacent RV Boat and Storage yard with 24 hour access.
  • Located within close proximity to Interstate 40 for easy access.
  • 6.6% Cap Rate

EXECUTIVE SUMMARY

Introducing a prime commercial property offering a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot plus 143 RV & Boat spaces on 1.66 acres. This property presents a unique investment opportunity with a diversified income stream and an array of valuable assets.
The building is currently home to Wyndham Vacation Resorts, occupying 62.5% of the warehouse building with a secure 25-year triple net lease, providing a stable and consistent revenue stream and Katlon Inc. who occupies the remaining 37.5% with a three-year modified gross lease, offering flexibility and potential for increased returns in the future. The collective cap rate for both the warehouse and the storage spaces is an attractive 6.6%, offering investors a solid and reliable return on investment.
Owner holds an active real estate license in the State of Arizona. Property includes two parcels. The address for the additional parcel number 117-02-012A is 5900 E Old Walnut Canyon Rd.

PROPERTY FACTS

Price $3,750,000
Price Per SF $390.63
Sale Type Investment NNN
Cap Rate 6.60%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.43 AC
Rentable Building Area 9,600 SF
No. Stories 2
Year Built 1977
Zoning CC - Community Commercial with perpetual CUP

AMENITIES

  • 24 Hour Access
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
  • Listing ID: 30725766

  • Date on Market: 1/22/2024

  • Last Updated:

  • Address: 5700 E Old Walnut Canyon Rd, Flagstaff, AZ 86004

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