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1851 S 19th Ave 113,099 SF Specialty Building Offered at $5,571,499 CAD at a 7.03% Cap Rate in Phoenix, AZ 85009
INVESTMENT HIGHLIGHTS
- Zoned for both heavy and light industrial development.
- Fully leased with growth potential.
- Next door to freeway, seconds from interchange.
EXECUTIVE SUMMARY
Prime 2.6-acre, extremely rare infill A1/A2 Zoned Industrial investment property, in an Opportunity Zone, fronting the I-17 Interstate. The property is 100% leased to two strong tenants. The primary tenant, Ancora (a subsidiary of Lindenwood Education System), operates under a triple-net (NNN) lease extending through November 2030. The secondary tenant, Summit Brick Company, a masonry fabricator and distributor founded in 1902, occupies the remaining space on a month-to-month gross lease and has recently expressed interest in securing a long-term lease. This is an exceptional opportunity to acquire a fully leased, low-maintenance commercial property with strong income potential in a high-traffic, high-exposure location. Note: The billboard has a permanent easement and is not included in the sale.
PROPERTY FACTS
| Price | $5,571,499 CAD | Lot Size | 2.60 AC |
| Price Per SF | $49.26 CAD | Building Size | 113,099 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.03% | Year Built | 2000 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Property Subtype | Contractor Storage Yard | ||
| Zoning | A-1/A-2 - 50% Light Industrial and 50% Heavy Industrial, allowing for a wide range of utilizations. | ||
| Price | $5,571,499 CAD |
| Price Per SF | $49.26 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Property Type | Specialty |
| Property Subtype | Contractor Storage Yard |
| Lot Size | 2.60 AC |
| Building Size | 113,099 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Opportunity Zone |
Yes |
| Zoning | A-1/A-2 - 50% Light Industrial and 50% Heavy Industrial, allowing for a wide range of utilizations. |
1 1
PROPERTY TAXES
| Parcel Number | 105-31-133A | Improvements Assessment | $0 CAD |
| Land Assessment | $88,874 CAD | Total Assessment | $88,874 CAD |
PROPERTY TAXES
Parcel Number
105-31-133A
Land Assessment
$88,874 CAD
Improvements Assessment
$0 CAD
Total Assessment
$88,874 CAD
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1851 S 19th Ave
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