Listed by DAUM Commercial Real Estate Services Phoenix
Unpriced
NNN Investment Opportunity - 1116 Business Park
Details
APN 209-11-374
Property Type Industrial
Sub Type Flex, Manufacturing
Square Footage 1,365
Net Rentable (SqFt) 1,365
Units 1
NOI $25,553
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4
Lease Expiration 08/31/2026
Remaining Term 0.2
Rent Bumps Yes
Lease Options No
Pro-Forma NOI $25,553
Broker Co-Op Yes
Class C
Year Built 1986
Year Renovated 2022
Buildings 1
Stories 1
Zoning A-1
Parking Spaces 2 spaces
Parking Per SqFt 1.47
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2022
Occupancy Date 09/01/2022
Ground Lease No
Ceiling Height 14
Dock High Doors 1
Industrial | 1,365 SF
Marketing description
Single Tenant NNN Investment Opportunity
USERS WELCOME - TENANT MAY BE WILLING TO RELOCATE
Located in an Opportunity Zone
Zoned A-1, Phoenix
Personally Guaranteed Lease
4% Annual Rent Increases
Recently Renovated Interior
Easy Access To Loop 101 & I-17
Less Than 1 Mile To Deer Valley Airport
Investment highlights
4 Year Lease Term Commencing September 1, 2022
Proforma NOI $25,061.40 (5.02% CAP rate)
(Est.) 2022 NNNs $535/Month
Base Rent Increases of 4% Per Annum
Lease Is Personally Guaranteed
Listing Contacts
Listed by DAUM Commercial Real Estate Services Phoenix
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$25,553.00
$2,129.42/mo
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