218 S 15th St - Manufacturing FOR SALE


Phoenix, AZ 85034- Central City
$2,500,000 USD
602-885-6359
218 S 15th St, Phoenix, AZ for Sale
$2,500,000 USD
Manufacturing - FOR SALE
1/8
null | 7.2% Cap Rate

218 S 15th St
Phoenix, AZ 85034
Central City


HIGHLIGHTS

  • 7.20% Cap Rate | $180,000 Year One Proposed NOI
  • ±13,084 SF Freestanding Industrial Building on ±0.85 AC
  • Ideal 1031 or Redevelopment Deal, Located in an Opportunity Zone
  • Proposed 5 Year NNN Sale Leaseback - $15,000/mo NNN
  • Less Than 1 Mile to Downtown Phoenix
  • Fenced and Secured Yard, Heavy Power

OVERVIEW

Five (5) year proposed sale leaseback with an attractive 7.20% going in cap rate ($180,000 in proposed annual NOI). The property, a ±13,084 SF building on ±0.85 acres is currently occupied by the long-term owner, Weaver Shutters. The site has ±0.50 AC of dedicated yard space, heavy power, five (5) permitted paint booths, two (2) grade level doors, and is zoned A-1. The property benefits from it's Downtown Phoenix location, proximity to Sky Harbor Airport, and is located in a Qualified Opportunity Zone (QOZ). The property is less than 1 mile from Chase Field/Downtown Phoenix and 3 miles from Sky Harbor Airport.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85

LAND SF

37,026

ZONING

A-1

APN/PARCEL ID

116-50-013B

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.