1011 N 21st Ave, Phoenix, AZ 85009

LevRose Commercial Real Estate is pleased to present the opportunity to acquire this multi-tenant NNN investment opportunity at 1011 - 1021 N 21st Ave in Phoenix, AZ. This ±18,700 SF industrial building sits on ±0.63 acres and is 100% leased, offering minimal landlord responsibilities with the NNN leases. The property features block construction, dock and grade-level loading, rail access, LED lighting, and clear heights ranging from 12’ to 18’, making it a desirable asset in the booming Phoenix industrial market.

The property is offered at $2,100,000, representing an 8.10% cap rate in year 1. With annual rent increases of 4%, strong lease terms, and a net rent of $169,287.84 in year one, this investment provides stable cash flow and long-term appreciation potential in a high-demand location near I-17 and I-10 freeways.