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34369037
34369032

116 South Industrial Drive, Tempe, AZ 85288

MM
AZ AZ SA543465000
Lee & Associates - Arizona
SG
AZ AZ SA036193000
Lee & Associates - Arizona
GG
AZ BR582996000
Lee & Associates - Arizona
Listed by Lee & Associates - Arizona
$3,600,000
1 day on market
Updated 1 day ago
Opportunity zone

ASU Adjacent Single Tenant Industrial NNN Opportunity

Details
APN 132-41-035
Property Type Industrial
Sub Type Manufacturing, Warehouse
Square Footage 15,750
Cap Rate 6.00%
NOI $216,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 06/30/2031
Remaining Term 5
Year Built 1970
Acreage 0.750
Zoning GID, City of Tempe
Investment Type Stabilized
Lease Commencement 05/01/2026
Ground Lease No

Industrial | 6.00% CAP | 15,750 SqFt

Marketing description

116 S. Industrial Drive is a single-story industrial asset located in Tempe's Tri-City Industrial Area, comprised of approximately 15,750 square feet on a 32,725-square-foot site. The property is fully leased to TS Industries LLC d/b/a Gold Tech Industries through June 30, 2031, under an absolute net lease structure with the tenant responsible for taxes, utilities, insurance, and maintenance, including roof, HVAC, and structural components.

Ownership has recently completed several capital items, including a new roof with a 10-year warranty, exterior paint/stucco, insulation and scrim, LED lighting, glass block window replacement, and new over-head doors.

The property is located within a supply-constrained industrial corridor near Loop 202, Loop 101, Phoenix Sky Harbor International Airport, Arizona State University, and major mixed-use growth nodes, including Novus Innovation Corridor and the $1.8 billion South Pier development. Collectively, the long-term tenancy, net lease structure, recent building improvements, and exposure to one of metro Phoenix's most active infill employment and development corridors position the offering as a stabilized cash-flow investment with location-driven appreciation potential.

Investment highlights

  • Stabilized single-tenant cash flow through mid-2031
  • True absolute net lease structure
  • Recent capital improvements
  • Infill Tempe industrial location with regional connectivity
  • Exposure to one of metro Phoenix's strongest employment and education nodes
  • Positioned near major mixed-use and infrastructure investment
  • Functional building configuration for specialized industrial use
  • Scarce small-bay infill industrial product in a supply-constrained corridor

Listing Contacts

MM
AZ AZ SA543465000
Lee & Associates - Arizona
SG
AZ AZ SA036193000
Lee & Associates - Arizona
GG
AZ BR582996000
Lee & Associates - Arizona
Listed by Lee & Associates - Arizona

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$216,000.00
$18,000.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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GID IndustrialGeneral Industrial District
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Last updated Apr 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Marcus Muirhead
License
AZ SA543465000
Brokerage Phone
4802366555
Title
AZ
Name
Steve Gonzalez
License
AZ SA036193000
Brokerage
Lee & Associates Commercial Real Estate Services | Arizona
Title
Agent
Brokerage Address
3200 East Camelback Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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