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8320 W Mariners Way
Peoria, AZ 85382
Single Tenant Net Leased Investment Long Term · Office Property For Sale
Investment Highlights
- A Single Tenant Net Leased building leased to Modern Round for 10 year with +/-8 years remaining w/ (2) five year options, $3,300,000, 7.05% Cap Rate
- The Tenant spent +/-$1,500,000 in Tenant Improvements and major bldg remodel
- 15 Year Roof Installed 12/31/16
- $232,760 1st Yr NOI for New Owner w/ $.50 PSF Annual Rental Bumps, Landlord responsible for Roof & Structure, Tenant responsible for all NNNs.
- The lease is personally guaranteed by a high net worth indivisual for the first 5 years of the lease and can be converted to a corporate guarantee
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
11,638 SF
Building Class
B
Year Built/Renovated
2002/2015
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,638 SF
Building FAR
0.76
Lot Size
0.35 AC
Zoning
PAD, Peoria - Planned Area Development
Parking
72 Spaces (8.63 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
About 8320 W MARINERS WAY , PEORIA, AZ 85382
Single Tenant NNN Lease Restaurant Building, Leased to Modern Round.
Property Taxes
| Parcel Number | 200-53-351 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $317,931 |
Property Taxes
Parcel Number
200-53-351
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$317,931
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