1925 W Williams Dr - Warehouse FOR SALE


Phoenix, AZ 85027- Deer Valley
$5,000,000 USD
602-885-6359
1925 W Williams Dr, Phoenix, AZ for Sale
$5,000,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

1925 W Williams Dr
Phoenix, AZ 85027
Deer Valley


HIGHLIGHTS

  • 11,560 SF on 1.92 AC
  • Zoning Permits Industrial Outdoor Storage (IOS)
  • Leased To 3 Tenants With Below Market Rents
  • Investment or Future Owner/User Opportunity
  • Frontage on 19th Ave (30K VPD)
  • Located in the highly desirable Deer Valley Submarket

OVERVIEW

The subject property (22444 N 19th Ave, 1925 W Williams Dr, and 22464 N 19th Ave) is a ±1.92-acre industrial contractor facility and commercial service station featuring five (5) buildings totaling 11,560 SF and presents an extremely rare investment opportunity in the highly sought after Deer Valley submarket of Phoenix. The property benefits from A-1 (Light Industrial), City of Phoenix zoning which is the second heaviest zoning classification in Phoenix and allows a wide array of outdoor storage, manufacturing, and other industrial uses. The current Net Operating Income (NOI) for the subject property is $298,567.88. Current rents 18-47% below market and the Weighted Average Lease Term (WALT) is approximately 2.51 years which offers significant upside potential to an investor and/or offers a near term occupancy possibility for a User. 2444 N 19th Avenue (7,600 SF 4 Bay Shop/Office on 1 AC) Leased to: Firebird Tire through 08/31/2027 Fully fenced and secured site Paint booth Four oversized bay doors Income-producing billboard 30,000 vehicle traffic count on 19th Avenue Monthly Rent: $11,250 Lease Format: Gross Lease Expiration: 08/31/2027 1925 W Williams Drive 3,960 SF Shop/Office on 0.48 Acres Fully fenced and secured site Two oversized grade-level doors Partially paved/balance GSA Monthly Rent: $7,875.00 Lease Format: Multi Tenant Net - Covers 32% of Opex Lease Expiration: 02/28/2028 22464 N 19th Avenue (Commercial fueling station) Leased to: Flyer’s Energy through 02/28/2025 Currently configured as a cardlock fueling system with redevelopment potential for Industrial Outdoor Storage or general redevelopment Tenant required to remove pumps and fueling systems upon lease expiration Monthly Rent: $6,380 Lease Format: NNN Lease Expiration: 02/28/2025 Billboard, Clear Channel Monthly Rent: $892.96 Lease Expiration: 05/31/2029

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Repair, Truck Terminal, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.92

LAND SF

83,635

ZONING

A-1

APN/PARCEL ID

209-05-003H,209-05-003J

ASK ABOUT THIS PROPERTY

Max Schumacher, SIORRein & GrossoehmeMore Info
602-885-6359

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Max Schumacher, SIORRein & GrossoehmeMore Info
602-885-6359

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