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1011-1021 N 21st Ave 18,700 SF 100% Leased Industrial Building Phoenix, AZ 85009 $2,929,920 CAD ($156.68 CAD/SF) 8.06% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased - NNN leases
- ±12-18’ clear height
- Rail access
- Multi-tenant building (3 suites)
- Dock and grade level loading (4 grade, 2 dock high)
EXECUTIVE SUMMARY
LevRose Commercial Real Estate is pleased to present the opportunity to acquire this multi-tenant NNN investment opportunity at 1011 - 1021 N 21st Ave in Phoenix, AZ. This ±18,700 SF industrial building sits on ±0.63 acres and is 100% leased, offering minimal landlord responsibilities with theNNN leases. The property features block construction, dock and grade-level loading, rail access, LED lighting, and clear heights ranging from 12’ to 18’, making it a desirable asset in the booming Phoenix industrial market.
The property is offered at $2,100,000, representing an 8.10% cap rate in year 1. With annual rent increases of 4%, strong lease terms, and a net rent of $169,287.84 in
year one, this investment provides stable cash flow and long-term appreciation potential in a high-demand location near I-17 and I-10 freeways.
The property is offered at $2,100,000, representing an 8.10% cap rate in year 1. With annual rent increases of 4%, strong lease terms, and a net rent of $169,287.84 in
year one, this investment provides stable cash flow and long-term appreciation potential in a high-demand location near I-17 and I-10 freeways.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Front Loading
- Storage Space
- Fluorescent Lighting
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $3,785 CAD | Total Assessment | $144,792 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,785 CAD
Improvements Assessment
$0 CAD
Total Assessment
$144,792 CAD
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1011-1021 N 21st Ave
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