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Empire-Cat Building Full NNN Lease for Sale 200 W Ash St 13,116 SF 100% Leased Industrial Building Globe, AZ 85501 $3,629,392 CAD ($276.71 CAD/SF) 3.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Empire Machinery is a National, high value tenant. Lease term until 2027 with a 5 year option to extend. Full Triple Net Lease.

EXECUTIVE SUMMARY

Building total is 13,736 square feet. Empire machinery is a National high value tenant leasing the entire property. Full triple net lease. Empire has been a long term tenant since 2014 with 5 years remaining on their lease (expires 2027) and one 5 year option. 3% annual rental increases. Cap rate of 5.01%. Building is at a prime location in the center of Globe with highway 60 frontage and a billboard on site.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $110,789 $8.45

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $110,789
Annual Per SF $8.45

PROPERTY FACTS

Price $3,629,392 CAD
Price Per SF $276.71 CAD
Sale Type Investment or Owner User
Cap Rate 3.05%
Property Type Industrial
Property Subtype
Service
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class C
Lot Size 1.40 AC
Rentable Building Area 13,116 SF
No. Stories 1
Year Built/Renovated 1963/2000
Opportunity Zone Yes
Zoning C-3 - Commercial Retail Office

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Wholesaler
  • 13,736 SF
  • $8.07 CAD
  • Triple Net
  • Jun 2027

Empire Southwest is a top authorized Caterpillar® dealer for heavy equipment and power generation throughout Arizona and Southeastern California. In addition, Empire is a provider of commercial SunPower solar products and an authorized dealer for agriculture equipment from AGCO, Challenger, Massey Ferguson, and other leading manufacturers. The third-generation, family-owned company was founded in 1950. Empire’s affiliate companies include Empire Truck & Trailer, Empire Renewable Energy, Sitech Southwest, Allen Instruments, Take-off Professionals (TOPS), and BuildPoint West. Empire is committed to treating clients, employees, and everyone we deal with fairly and ethically. That commitment is reflected in the Empire Values — the cornerstone for every decision made on behalf of the company.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Wholesaler 13,736 SF $8.07 CAD Triple Net Jun 2027

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 208-03-194B
  • 208-03-195A
  • 208-03-373C
Land Assessment
$36,578 CAD (2025)
Improvements Assessment
$700,223 CAD (2025)
Total Assessment
$736,801 CAD (2025)
  • Listing ID: 22759334

  • Date on Market: 2021-04-16

  • Last Updated:

  • Address: 200 W Ash St, Globe, AZ 85501

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