1011-1021 N 21st Ave - Warehouse FOR SALE


Phoenix, AZ 85009- Grand
$2,295,000 USD
916-872-7909
1011-1021 N 21st Ave, Phoenix, AZ for Sale
$2,295,000 USD
Warehouse - FOR SALE
1/6
null | 7.31% Cap Rate

1011-1021 N 21st Ave
Phoenix, AZ 85009
Grand


HIGHLIGHTS

  • 100% leased - NNN leases
  • Multi-tenant building (3 suites)
  • Dock and grade level loading (4 grade, 2 dock high)

OVERVIEW

LevRose Commercial Real Estate is pleased to present the opportunity to acquire this multi-tenant NNN investment opportunity at 1011 - 1021 N 21st Ave in Phoenix, AZ. This ±18,700 SF industrial building sits on ±0.63 acres and is 100% leased, offering minimal landlord responsibilities with the NNN leases. The property features block construction, dock and grade-level loading, rail access, LED lighting, and clear heights ranging from 12’ to 18’, making it a desirable asset in the booming Phoenix industrial market. With annual rent increases of 4%, strong lease terms, and a sale price of $2,295,000 ($123/SF) at a 7.31% cap rate in year one, this investment provides stable cash flow and long-term appreciation potential in a high-demand location near I-17 and I-10 freeways.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.63

LAND SF

27,443

ZONING

A-2

APN/PARCEL ID

109-02-087C,109-02-088

ASK ABOUT THIS PROPERTY

Landon McKernanLevRose Real EstateMore Info
916-872-7909

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Landon McKernanLevRose Real EstateMore Info
916-872-7909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.