Listing Details:
Listing ID: 6814359
Updated: 2/3/2025 12:44pm
| Status | Active/For Sale |
| Days On Market | 20 |
| Taxes | $19,930.46 |
| HOA | $0.00/******** |
| Type | N/A |
| Open Parking | 80 |
| Year Built | 2018 |
| Lot Size | 91428.00 |
| County | Maricopa |
| Listed By | Joseph J Kachuroi |
Description:
Motivated Seller! Will consider ALL offers. This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with two 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 in 2031, but also has options for an additional 5 years. Second tenant did not sign a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. One oversized grade level door. Large 2.10 acre lot with 80 parking spaces. Medical Cannabis license is not for sale, tenant owns medical cannabis license, not property owner.
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.
