Listed by Colliers - Phoenix, Arizona
$7,765,000
Steven Label
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 26,940
Cap Rate 5.25%
NOI $399,790
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Remaining Term 3
Lease Options two (2) five (5) year
Class A
Year Built 2022, 2023
Acreage 1.550
Zoning Light Industrial (City of Mesa)
Parking Spaces 41 spaces
Parking Per SqFt 1.52
Lease Commencement 03/31/2023
Ceiling Height 24'
Dock High Doors 5
Industrial | 5.25% CAP | 26,940 SqFt
Marketing description
New freestanding flex industrial facility. Highly sought after Mesa Gateway Location. U.S. News & World Report ranks City of Mesa as a top 10 Best City to Live in America. Mesa/East Valley rated top residential and employment growth in Metro Phoenix. Mesa Gateway Area home to major aerospace, aviation, defense, semiconductor, electric vehicle and battery tech companies as well as large industrial users, manufacturers, R&D, and educational material institutions. ± 26,940 SF on 1.55 acres. Fully air-conditioned with 1,200 Amp 277/480V power.
Investment highlights
- Prime Location
- Square Feet: ±26,940
- Site Area: ±1.55 Acres
- Clear Height: 24’
- Power: 1200 Amp, 277/480V
- Dock Doors: Two
- Grade Level Doors: Three
- Will Call Door: One
- Zoning: Light Industrial (City of Mesa)
- Parking: 41 Spaces
- Outdoor Storage: Private (Secured Yard)
- Air Conditioning: Full HVAC
- Opportunity Zone
- 1 Mile from Loop 202
- Full diamond interchange
- ± 1.5 miles from Gilbert Gateway Town Center
- 1 mile from Mesa Gateway Airport
- 1 mile from Chandler-Gilbert Community College
- 1.5 miles from ASU Polytechnic Campus
- Approximately ±1300 SF Office
- Shown by appointment only – please do not disturb tenant
- 100% leased to Steven Label Company which has seven
- locations in California and Mexico, and one in Arizona
- 5-year lease with 3 years remaining
- Fully improved state-of-the-art flex industrial facility
- Free-standing building with secured yard
- Hard-to-find facility with little competition
- Below market rent ($1.21 PSF/Month)
- 3.50% annual base rent increases
- NNN Lease
- Current Annual NOI - $399,789.60
- Price - $7,765,000
- Gated truck court/yards
- Fully secured
- Excellent Retail Amenities in area
Listing Contacts
Listed by Colliers - Phoenix, Arizona
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$399,789.60
$33,315.80/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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