Listed by Basis Commercial
$1,195,000
2222 W Parkside LN #114
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 3,540
Units 1
Cap Rate 4.60%
NOI $55,202
Tenancy Single
Lease Type Modified
Lease Expiration 09/30/2028
Rent Bumps Yes
Lease Options One (1) Three Year option to renew at fair market value
Price per SqFt $338
Class A
Year Built 2006
Buildings 1
Zoning A-1 Light Industrial
Investment Type Stabilized
Ground Lease No
Ceiling Height 16
Deer Valley Industrial Investment Opportunity
Investment highlights
- Tenant 'E Creations' currently leases the property paying $5,625/Month Modified Gross
- Current lease expires September 30, 2028. Approximately 2.2 years remaining
- In place NOI: $55,201.96
- 4.6% Cap Rate in place
- 3% Annual increases
- Next Increase occurs October 1st, 2026
- One (1) Three Year option to renew at fair market value
- The Deer Valley industrial market in Phoenix is exceptionally strong, driven by robust leasing and investment activity, low vacancy, strategic access to major freeway infrastructure and proximity to major demand drivers like the growing semiconductor ecosystem, making it one of the most in-demand and resilient industrial submarkets in the metro.
Listing Contacts
Listed by Basis Commercial
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$55,201.96
$4,600.16/mo
Valuation Metrics
0
DSCR
4.62%
Cap Rate
4.62%
ROI
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