2801 N Main St - Warehouse FOR SALE


San Luis, AZ 85349
$55,000,000 USD
619-807-7501
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 with NNN leases that have annual CPI increases.
  • 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.

OVERVIEW

EXECUTIVE SUMMARY 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. 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. Further details of this property can be found at http://greateryumaindustrialestate.com/ PROPERTY DETAILS - 2801 N Main St, San Luis (Yuma) AZ FINANCIAL Offering Price: $55,000,000 Building size: 610,412 sf Price per square foot $90/sf Nett Operating Income: $3,700,300 NNN + annual CPI Lease Rate: $6.06/sf/year Cap Rate: 6.7% FEATURES - Fully tenanted 600,000sf on 35 acres - Significant tenant Investment in location - Large upside for future rent increases - High quality Butler Frame construction - Ideal logistics location & transportation hub - Served by I-8, 95, 195, rail, international airport - Strategic Mexico Port of Entry 3 miles south BUILDING 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 Contact: Mark Maydahl, Ozvest Inc. (619) 807-7501 mark@ozvestproperty.com

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

John CoscoOzvest, IncMore Info
619-807-7501

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John CoscoOzvest, IncMore Info
619-807-7501

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