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34430438
34430439

250 North Pasadena Street, Gilbert, AZ 85233 For Sale

JG
AZ AZ SA586241000
Newmark
SJ
AZ SA535405000
Newmark
Newmark - Phoenix
Listed by Newmark, Newmark - Phoenix
$2,370,000
3 days on market
Updated 3 days ago

Kaizen Collision Center Gilbert

Details
Property Type Retail, Industrial
Sub Type Auto Shop
Square Footage 9,551
Cap Rate 6.75%
NOI $160,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 13
Rent Bumps Yes
Lease Options Two 10 Year Renewal Options
Price per SqFt $248
Year Built 2000
Acreage 0.600
Investment Type Core
Ground Lease No

Just Listed | Low Price Point | Absolute NNN Auto Collision Center | Gilbert, AZ (Phoenix MSA)

Marketing description

Newmark Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Kaizen Collision Center at 250 N Pasadena St the Property), a 9,551-square-foot retail/industrial project in Gilbert, AZ. This unique investment consists of a single tenant on an absolute NNN lease. Built in 2000, the property sits on 0.6 acres in an industrial park on the northwest corner of McQueen Rd & Elliot Rd. In addition, the asset is located just two miles south of the US-60 Freeway, with visibility to over 60,000 vehicles per day. Kaizen offers an investor the rare opportunity to acquire a well-maintained, stable asset in a highly populated area of Gilbert, AZ.

Investment highlights

Dense Infill Location

STNL Fee Simple Retail

13+ Years Remaining on Lease

Located Directly off of Arizona Ave

Affluent Phoenix Suburb ($122,982) Average HH Income

Surrounded by National Retailers

Listing Contacts

JG
AZ AZ SA586241000
Newmark
SJ
AZ SA535405000
Newmark
Newmark - Phoenix
Listed by Newmark, Newmark - Phoenix

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$160,000.00
$13,333.33/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Jesse Goldsmith
License
AZ SA586241000
Brokerage
Newmark
Brokerage Phone
4802415146
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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