Description
Cap Rate 10.5% Zoned A-1 by THREE Major Freeways! 0.903 acres 39,363 sq ft. 8 tenants in the past 2 years property has been at FULL occupancy. All tenants have a 1 month rent as deposit. Except tenant #8 with no deposit. Property has 85% concrete and 15% asphalt.*Rentals are with annual lease agreements with 5% increase per year.-Tenant #1 (Auto Part Sales) rents $5,460 a month; -Tenant #2 (Car Dealer) $1,100 a month; Tenant #3 (Granite) $1,313 a month- Tenant #4 (Car Paint Shop) w equipment rents $3,000 a month- Tenant #5 (Car Dealership) $1,050 a month- Tenant #6 (Car Dealership) rent is pays $1,100 a month- Tenant #7 (Workspace) rent $1,000 a month -Tenant #8 (Security Live-in Home) rent $1,000 a month. Total parking spots 39. Check documents tab for property and tenant details.
-
0BEDS
-
0.88ACRES
-
0BATHS
-
01/2 BATHS
-
2,056SQFT
-
$768$/SQFT
School Ratings & Info
Description
Cap Rate 10.5% Zoned A-1 by THREE Major Freeways! 0.903 acres 39,363 sq ft. 8 tenants in the past 2 years property has been at FULL occupancy. All tenants have a 1 month rent as deposit. Except tenant #8 with no deposit. Property has 85% concrete and 15% asphalt.*Rentals are with annual lease agreements with 5% increase per year.-Tenant #1 (Auto Part Sales) rents $5,460 a month; -Tenant #2 (Car Dealer) $1,100 a month; Tenant #3 (Granite) $1,313 a month- Tenant #4 (Car Paint Shop) w equipment rents $3,000 a month- Tenant #5 (Car Dealership) $1,050 a month- Tenant #6 (Car Dealership) rent is pays $1,100 a month- Tenant #7 (Workspace) rent $1,000 a month -Tenant #8 (Security Live-in Home) rent $1,000 a month. Total parking spots 39. Check documents tab for property and tenant details.
© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Realty Phoenix. Data last updated 2021-07-27T10:11:55.507.