3820 N 38th Ave - Distribution FOR SALE


Phoenix, AZ 85019
$8,995,000 USD
602-956-7777
3820 N 38th Ave, Phoenix, AZ for Sale
$8,995,000 USD
Distribution - FOR SALE
1/8
null | 6% Cap Rate

3820 N 38th Ave
Phoenix, AZ 85019


HIGHLIGHTS

  • Three Masonry Buildings totaling 59,704 SF with Five Parcels of Land totaling 3.54 Acres
  • 2,500 SF Air Conditioned Office Area
  • 10 to 16 feet clear heights in warehouse/production areas
  • Fully Fenced Yard Area with 45,000 SF Vacant Land for future Expansion
  • Five year lease with 3% annual escalations with 3 Five year options to extend the lease
  • 3,400 Amp 120/240, 3-Phase Electrical Service (Multiple 277/480v Step-Up Transformers for Large Equipment)

OVERVIEW

The property consists of three masonry buildings that have been extensively remodeled and refurbished by the owner in the past year. Front building of 31,832 SF used for office space and warehouse area, constructed in 1976 and is not fire sprinklered. Rear 26,183 SF building is used for manufacturing; constructed in 1956. This building has received extensive structural renovations and upgraded fire sprinklers and a new electrical service installed in 1993/4 for the large commercial printing operation that occupied this space. Additional 1,689 SF freestanding building used for storage of precision manufacturing equipment.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

3

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.54

LAND SF

154,202

ZONING

A-2

APN/PARCEL ID

107-33-051B,107-33-058D,107-33-058F,107-33-058N,107-33-059

ASK ABOUT THIS PROPERTY

Rick RobertsonLee & AssociatesMore Info
602-956-7777

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Rick RobertsonLee & AssociatesMore Info
602-956-7777

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