for sale glendale airpark investment...
TRANSCRIPT
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FOR SALE GLENDALE AIRPARK INVESTMENT OPPORTUNITY
7115 NORTH 110TH AVENUE, GLENDALE, ARIZONA
MATT HOBAICA, SIORPRINCIPAL(602) [email protected]
3200 E. Camelback Rd.Suite #100Phoenix, Arizona, 85018ph: 602.956.7777 fx: 602.954.0510www.leearizona.com
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NORTH
Unit1
LEASED SO
LD
Unit5
2,659SF
Unit7
6,269 SFLEASED
7115 NORTH 110TH AVENUE, GLENDALE, ARIZONAMATT HOBAICA, SIORPRINCIPAL(602) [email protected]
3200 E. Camelback Rd.Suite #100Phoenix, Arizona, 85018ph: 602.956.7777 fx: 602.954.0510www.leearizona.com
“No warranty or representation is made to the accura-cy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.”
Unit2 - 4
7,977 SF
LEASED2,519 SF
• 16,765 SF Building• Zoned M-1, Glendale• 18’ Clear Height• 12’ x 14’ Grade Level Doors• Corner Location
• Block Construction• Fire Sprinklered• Located in the Glendale Airpark• 1 Mile to the 101 Freeway• Sale Price: $1,225,000.00
FEATURES:
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7115 NORTH 110TH AVENUE, GLENDALE, ARIZONA
MATT HOBAICA, SIORPRINCIPAL(602) [email protected]
3200 E. Camelback Rd.Suite #100Phoenix, Arizona, 85018ph: 602.956.7777 fx: 602.954.0510www.leearizona.com
“No warranty or representation is made to the accura-cy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.”
RENT ROLL
C:\Users\mmurray\Desktop\Rent Roll - 7115 N. 110th Ave. rev.doc
RENT ROLL 7115 N. 110th Avenue
Glendale, Arizona
Suite Tenant Size Office % Rent Expiration
1 Emission Experts 2,519 SF 36% $1,650/Month Month-to-Month
2 – 4 PP Wellness 7,977 SF 11% $6,000/Month until 1/31/14 $6,180/Month until 1/31/15
1/31/15
5* ACC One 2,659 SF 35% Sold ($126/SF, December 2008) Sold
6 – 7 Monster Paint 6,269 SF 18% $3,200/Month until 8/3/15 $4,400/Month until 10/31/16
10/31/16
Total: 19,242 SF
For Sale: 16,765 SF
Total: $10,850/Month Gross
Annual: $130,000.00
Less Expenses: $31,718.00
Net Annual Income: $98,482.00
8% Cap Rate: $1,225,000.00 Sales Price
* Note is For Sale: $184,876 balance, 7.5% interest, due 12/31/2014
For Additional Information:
Matt Hobaica 602.956.7777