Log In/Sign Up
Your email has been sent.
1925 W Williams Dr 11,560 SF 100% Leased Industrial Building Phoenix, AZ 85027 $6,795,000 CAD ($587.80 CAD/SF) 6.12% Cap Rate
Investment Highlights
- 11,560 SF on 1.92 AC
- Leased To 3 Tenants With Below Market Rents
- Frontage on 19th Ave (30K VPD)
- Zoning Permits Industrial Outdoor Storage (IOS)
- Investment or Future Owner/User Opportunity
- Located in the highly desirable Deer Valley Submarket
Executive Summary
The subject property (22444 N 19th Ave, 1925 W Williams Dr, and 22464 N 19th Ave) is a ±1.92-acre industrial contractor facility and commercial service station featuring five (5) buildings totaling 11,560 SF and presents an extremely rare investment opportunity in the highly sought after Deer Valley submarket of Phoenix. The property benefits from A-1 (Light Industrial), City of Phoenix zoning which is the second heaviest zoning classification in Phoenix and allows a wide array of outdoor storage, manufacturing, and other industrial uses.
The current Net Operating Income (NOI) for the subject property is $306,007.88. Current rents 18-47% below market and the Weighted Average Lease Term (WALT) is approximately 3.35 years which offers significant upside potential to an investor and/or offers a near term occupancy possibility for a User.
2444 N 19th Avenue
(7,600 SF 4 Bay Shop/Office on 1 AC)
Leased to: Firebird Tire through 08/31/2027
Fully fenced and secured site
Paint booth
Four oversized bay doors
Income-producing billboard
30,000 vehicle traffic count on 19th Avenue
Monthly Rent: $11,250
Lease Format: Gross
Lease Expiration: 08/31/2027
1925 W Williams Drive
3,960 SF Shop/Office on 0.48 Acres
Fully fenced and secured site
Two oversized grade-level doors
Partially paved/balance GSA
Monthly Rent: $7,875.00
Lease Format: Multi Tenant Net - Covers 32% of Opex
Lease Expiration: 02/28/2028
22464 N 19th Avenue (Commercial fueling station)
Leased to: Flyer’s Energy through 02/28/2030
Currently configured as a cardlock fueling system with redevelopment potential for Industrial Outdoor Storage or general redevelopment
Tenant required to remove pumps and fueling systems upon lease expiration
Monthly Rent: $7,000
Lease Format: NNN
Lease Expiration: 02/28/2030
Billboard, Clear Channel
Monthly Rent: $892.96
Lease Expiration: 05/31/2029
The current Net Operating Income (NOI) for the subject property is $306,007.88. Current rents 18-47% below market and the Weighted Average Lease Term (WALT) is approximately 3.35 years which offers significant upside potential to an investor and/or offers a near term occupancy possibility for a User.
2444 N 19th Avenue
(7,600 SF 4 Bay Shop/Office on 1 AC)
Leased to: Firebird Tire through 08/31/2027
Fully fenced and secured site
Paint booth
Four oversized bay doors
Income-producing billboard
30,000 vehicle traffic count on 19th Avenue
Monthly Rent: $11,250
Lease Format: Gross
Lease Expiration: 08/31/2027
1925 W Williams Drive
3,960 SF Shop/Office on 0.48 Acres
Fully fenced and secured site
Two oversized grade-level doors
Partially paved/balance GSA
Monthly Rent: $7,875.00
Lease Format: Multi Tenant Net - Covers 32% of Opex
Lease Expiration: 02/28/2028
22464 N 19th Avenue (Commercial fueling station)
Leased to: Flyer’s Energy through 02/28/2030
Currently configured as a cardlock fueling system with redevelopment potential for Industrial Outdoor Storage or general redevelopment
Tenant required to remove pumps and fueling systems upon lease expiration
Monthly Rent: $7,000
Lease Format: NNN
Lease Expiration: 02/28/2030
Billboard, Clear Channel
Monthly Rent: $892.96
Lease Expiration: 05/31/2029
Property Facts
Amenities
- Fenced Lot
- Signage
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $291,379 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$291,379 CAD
Contacts
-
Max Schumacher, SIOR -
Patrick Sheehan -
Jack Hansen -
Mia Moilanen -
Rein & Grossoehme
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1925 W Williams Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.