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26747474
26747475

4511 E Broadway Rd, Phoenix, AZ 85040

LM
AZ AZ SA690813000
LevRose Commercial Real Estate
MC
AZ SA659518000
LevRose Commercial Real Estate
Listed by LevRose Commercial Real Estate
$2,260,000
273 days on market
Updated 75 days ago

±7,304 SF Class A Flex Building For Sale

Details
APN 123-06-095
Property Type Industrial, Office
Sub Type Flex, Traditional Office (+1)
Square Footage 7,304
Net Rentable (SqFt) 7,304
NOI $99,996
Occupancy 68%
Tenancy Multi
Lease Type NNN
Lease Term 11
Lease Expiration 12/31/2031
Remaining Term 5.6
Rent Bumps Yes
Pro-Forma Cap Rate 6.74%
Pro-Forma NOI $152,232
Price per SqFt $309
Broker Co-Op Yes
Class A
Year Built 2006
Year Renovated 2013
Buildings 1
Lot Size (SqFt) 7,304
Zoning Commerce Park District
Parking Spaces 28 spaces
Parking Per SqFt 3.83
Investment Type Owner/User
Lease Commencement 01/01/2021
Ceiling Height 16

Owner/User or Investment Opportunity

Marketing description

• Owner/user or investment opportunity. ±5,000 SF is leased to largest Jan Pro Franchisee in the country. Landlord can terminate lease.
• Seller financing available
• Built in 2006
• Parking lot recently resurfaced
• 100% HVAC
• 16’ clear height
• Fire sprinklers
• Skylights in warehouse
• 12 offices, 3 bathrooms, 1 reception, 1 kitchenette, 1 conference room
• One (1) grade level door (14’ H x 12’ W)
• Low-E glass
• LED lights
• 3/4 new HVAC units in past 12 months
• Epoxy floor in warehouse
• Close proximity to SR143, I-10 Freeways and Sky Harbor

Investment highlights

LevRose Commercial is pleased to present the opportunity to acquire 4511 E Broadway Rd in Phoenix, Arizona, a ±7,204 SF industrial/flex building built in 2006. The property is ±70% office / ±30% warehouse and is partially leased to the largest U.S. franchisee of an international brand under a NNN lease through December 31, 2031. The lease includes a landlord termination option with six (6) months’ notice, providing flexibility for an owner/user to occupy the space.

Listing Contacts

LM
AZ AZ SA690813000
LevRose Commercial Real Estate
MC
AZ SA659518000
LevRose Commercial Real Estate
Listed by LevRose Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,996.00
$8,333.00/mo

Valuation Metrics

0
DSCR
4.42%
Cap Rate
4.42%
ROI

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Additional Information

Name
Landon McKernan
License
AZ SA690813000
Brokerage
LevRose Commercial Real Estate
Brokerage Phone
480-294-6571
Title
Partner
Brokerage Address
4414 North Civic Center Plaza
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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