Listing Details:
Listing ID: 6854580
Updated: 4/20/2025 10:48pm
| Status | Active/For Sale |
| Days On Market | 118 |
| Taxes | $19,930.40 |
| HOA | $0.00/******** |
| Type | N/A |
| Open Parking | 100 |
| Year Built | 2018 |
| Lot Size | 91428.00 |
| County | Maricopa |
| Listed By | Joseph J Kachuroi |
Description:
This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with three tenants. Tenants pay premium rents because of the nature of the business their in, medical cannabis. First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place. Second tenants lease ends at 2035, but also has options for an additional 5 years. Second tenant has a personal guarantee. Third tenants lease ends at 2035, but also has options for an additional 5 years. Third tenant has a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. NNN 100+ parking spots. 1031 Friendly.
School Information:
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Property Location:
Listed By: Joseph J Kachuroi | Joseph Kachuroi 701-770-5893
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
