Listed by Cushman & Wakefield - Phoenix, Arizona
Unpriced
201 S 28th Street
Details
APN 12160006
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 31,780
Net Rentable (SqFt) 31,780
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Year Renovated 2023
Lot Size (SqFt) 1.56
Zoning A-1 (City of Phoenix)
Parking Spaces spaces
Investment Type Sale/Leaseback
Ceiling Height 16
Dock High Doors 3
201 S 28th Street
Marketing description
-±31,780 SF single-tenant industrial on 1.56 acres
-Turn-key asset with $1.5M+ in recent renovations (new roof under warranty, office buildout, LED lighting, HVLS fans, restrooms)
-16’ clear height, 5 dock doors, 2 grade-level doors
-Covered parking and yard with additional storage shed
-A-1 zoning in a true infill location
Investment highlights
±2-year NNN sale-leaseback to Allied Group Sales
Year 1 NOI: $476,700 with a 3.5% rent increase in Year 2
Minimal landlord responsibilities during the leaseback term
Strong exit optionality at expiration: owner-user, re-lease, or reposition
This offering provides secure short-term income backed by a quality regional tenant, while preserving meaningful upside in one of Phoenix’s most supply-constrained industrial submarkets.
Listing Contacts
Listed by Cushman & Wakefield - Phoenix, Arizona
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