2801 N Main St - Warehouse FOR SALE


San Luis, AZ 85349
$55,000,000 USD
619-374-2551
2801 N Main St, San Luis, AZ for Sale
$55,000,000 USD
Warehouse - FOR SALE
1/13
null | 6.73% Cap Rate

2801 N Main St
San Luis, AZ 85349


HIGHLIGHTS

  • Fully tenanted 600,000 square feet on 35 acres.
  • Significant tenant Investment in location.
  • Large upside for future rent increases.
  • High quality Butler Frame construction.
  • Ideal logistics location and transportation hub, served by I-8, 95, 195, rail, international airport.
  • Strategic Mexico Port of Entry three miles south.

OVERVIEW

2801 N Main Street, San Luis (Yuma) AZ is a premium investment for sale at $55M giving a 6.7% cap rate on NOI of $3.7M. It is fully tenanted with NNN leases that have annual CPI increases. There is significant upside for future market rental increases. Some vendor finance could be available. Lease rate $6.06 per square foot per year. The tenants are an international logistic company servicing the booming commercial solar projects in the Southwest, and an international specialist fabric manufacturer who has invested millions in setting up operations at this property. The building is a 600,000 sf factory/warehouse (high-quality Butler Frame steel construction) built in 1998 on 35 acres with 20–34 foot clearance and 4,000 amps power. It is located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing. It is ideally placed for distribution to southern CA. Building Area Unit A 128,154 sf Unit B 482,258 sf Building Dimension Unit A 600'x200' Unit B 600'x800' Clear height Unit A 34' Unit B 24' Column spacing 50' x 50' Land size 35.43 acres Zoning: Light Industrial L1 Parcel No:. 210-25-009 Build Date 1998 Construction Butler pre-engineered steel construction Roof Butler-MR24 insulated metal roof Floor 6" concrete, 2500 psi Dock doors 24 dock high doors, 3 drive-in Power 4,000 amp, 277/480V Sprinklers ESFR

FOR SALE DETAILS

PRICE

$55,000,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greater Yuma Industrial Estate

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

Lighting - Metal Halide, Gas - Natural, Water - City, Sewer - Septic Field

CLEAR CEILING HT

34 Ft

DOCKS

27

DRIVE INS

3

PARKING SPACES

108

LAND DETAILS

LAND ACRES

35.43

LAND SF

1,543,331

ZONING

L-1

APN/PARCEL ID

210-25-009

ASK ABOUT THIS PROPERTY

Mark MaydahlOzvest, IncMore Info
619-374-2551

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Mark MaydahlOzvest, IncMore Info
619-374-2551

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