for sale - showroom, office, warehouse for investor or owner user in phoneix, az
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Arizona ROI FOR SALE
www.ArizonaROI.com
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2550 North 33rd Ave., Phoenix, AZ, 85009 Price: $1,500,000
Barbra Larkin / Jeff Cline
(480) 603-3310
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Thomas and I-17 35th Ave. and I-10
18,000 +/- SF Showroom / Warehouse
4 units, + fenced yard, 100% occupied
100% air-conditioned / heated
Cap Rate: (ProForma)
Land Area: 1.1 acres (county record)
Built: 1980; recent 4” foam on T’s roof
Building: Brick; recent paving
Clear Height: 12 - 14 feet
Loading: Grade level, overhead doors
Power: 2400 amps, 3-phase main
Tax Parcel Number: 108-09-45D
Zoning: Industrial Park, Phoenix
Parking: 38 paved spaces (2.11 : 1k SF)
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Single Story Multi-Tenant Industrial Building with direct street frontage in the Encanto Business Park, Phoenix AZ.
Fantastic opportunity for investor/owner user to acquire a con-crete block office / showroom / warehouse / fenced yard build-ing top level maintained by owner / user. A corner location makes for great visibility and is near two major highway access ramps from both I-17 and I-10.
The four unit building was built in 1980 and has three dependa-ble business tenants and has been100% occupied for years. Existing leases expire during 2014 for immediate rent growth or owner/user may occupy. Building ceilings are 12’ and 14’; large overhead doors in each unit; office and warehouse areas are heated and cooled. Land area is approximately 48,092 +/- SF; dimensions are approximately 293’ x 190 (+/-); the entire 38 space parking area is asphalt paved. All utilities are provided by city of Phoenix; building has 3-phase, 2400 amp electric service.
Email: [email protected]
Email: [email protected]
Mixed Use Muti-Tenant
Office / Warehouse
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1.0 Estimated Building ProForma (Projected):
Information is deemed reliable but not guaranteed. A buyer is responsible for his own financial, market and physical due-diligence.
2.0 Comparable Properties:
2013 2014 2015 2016 2017 2018
I. Revenue: $86,100 $94,700 $104,200 $114,500 $126,100 $138,600
II. Expense:
A) Operating <$11,250> <$11,500> <$11,700> <$11,900> <$12,200> <$12,500>
B) Property Tax <$19,150> <$19,150> <$20,000> <$20,000> <$21,000> <$21,500>
III. Net Income (NOI): $55,700 $64,150 $72,500 $82,600 $92,900 $104,600
IV. Cap Rate: 3.7% 4.3% 4.8% 5.6% 6.2% 7.0%
(All adjusted proforma figures are not actual, they are an estimated projection only. These figures are not guaranteed.)
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Sales Price: Building Size: Price Per Square Foot:
Comparable Building #1: $1,800,000 16,194 Sq. Ft. $111.15 P.S.F.
Comparable Building #2: $ 799,000 7,320 Sq. Ft. $109.15 P.S.F.
Comparable Building #3: $1,200,000 12,648 Sq. Ft. $ 94.88 P.S.F.
Comparable Building #4: $1,500,000 16,000 Sq. Ft. $ 93.75 P.S.F.
Comparable Building #5: $1,400,000 16,500 Sq. Ft. $ 84.85 P.S.F.
SUBJECT Building: $1,500,000 18,000 Sq. Ft. $ 83.33 P.S.F.
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