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2222 W Parkside Ln - Bldg 2 - Units 109-116 3,540 SF Flex Condo Unit Offered at $1,679,334 CAD in Phoenix, AZ 85027
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 4.62% |
| Sale Type | Investment |
| Cap Rate | 4.62% |
Description
- Class A Industrial Condo
- +/- 3,540 Square Feet
- +/- 16' Clear Height
- Approximately 50%/50%
Warehouse to office
- High End Office Finishes
- One grade level door
- Built in 2006
- A-1 Light Industrial Zoning
- Core Deer Valley Location
- Proximity to I-17 and Loop
101
- +/- 3,540 Square Feet
- +/- 16' Clear Height
- Approximately 50%/50%
Warehouse to office
- High End Office Finishes
- One grade level door
- Built in 2006
- A-1 Light Industrial Zoning
- Core Deer Valley Location
- Proximity to I-17 and Loop
101
Sale Notes
Investment Overview:
? Tenant 'E Creations' currently leases the property
paying $5,625/Month Modified Gross
? Current lease expires September 30, 2028.
Approximately 2.2 years remaining
? In place NOI: $55,201.96
? 4.6% Cap Rate in place
? 3% Annual increases
? Next Increase occurs October 1st, 2026
? One (1) Three Year option to renew at fair market value
? The Deer Valley industrial market in Phoenix is
exceptionally strong, driven by robust leasing and
investment activity, low vacancy, strategic access to
major freeway infrastructure and proximity to major
demand drivers like the growing semiconductor
ecosystem, making it one of the most in-demand and
resilient industrial submarkets in the metro.
? Tenant 'E Creations' currently leases the property
paying $5,625/Month Modified Gross
? Current lease expires September 30, 2028.
Approximately 2.2 years remaining
? In place NOI: $55,201.96
? 4.6% Cap Rate in place
? 3% Annual increases
? Next Increase occurs October 1st, 2026
? One (1) Three Year option to renew at fair market value
? The Deer Valley industrial market in Phoenix is
exceptionally strong, driven by robust leasing and
investment activity, low vacancy, strategic access to
major freeway infrastructure and proximity to major
demand drivers like the growing semiconductor
ecosystem, making it one of the most in-demand and
resilient industrial submarkets in the metro.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 114 | 3,540 SF | Flex | $1,679,334 CAD ($474.39 CAD/SF) | $77,575.32 CAD |
Unit 114
| Unit Size |
| 3,540 SF |
| Condo Use |
| Flex |
| Price |
| $1,679,334 CAD ($474.39 CAD/SF) |
| NOI |
| $77,575.32 CAD |
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Unit 114
| Unit Size | 3,540 SF |
| Condo Use | Flex |
| Price | $1,679,334 CAD ($474.39 CAD/SF) |
| NOI | $77,575.32 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Description | |
| - Class A Industrial Condo<br> - +/- 3,540 Square Feet<br> - +/- 16' Clear Height<br> <br> - Approximately 50%/50%<br> Warehouse to office<br> <br> - High End Office Finishes<br> <br> - One grade level door<br> <br> - Built in 2006<br> - A-1 Light Industrial Zoning<br> <br> - Core Deer Valley Location<br> <br> - Proximity to I-17 and Loop<br> 101</li></ul> | |
| Sale Notes | |
| Investment Overview:<br> <br> ? Tenant 'E Creations' currently leases the property<br> paying $5,625/Month Modified Gross<br> <br> ? Current lease expires September 30, 2028.<br> Approximately 2.2 years remaining<br> <br> ? In place NOI: $55,201.96<br> <br> ? 4.6% Cap Rate in place<br> <br> ? 3% Annual increases<br> <br> ? Next Increase occurs October 1st, 2026<br> <br> ? One (1) Three Year option to renew at fair market value<br> <br> ? The Deer Valley industrial market in Phoenix is<br> exceptionally strong, driven by robust leasing and<br> investment activity, low vacancy, strategic access to<br> major freeway infrastructure and proximity to major<br> demand drivers like the growing semiconductor<br> ecosystem, making it one of the most in-demand and<br> resilient industrial submarkets in the metro.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Conferencing Facility
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Surfactant |
-
|
September 2024
|
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2222 W Parkside Ln - Bldg 2 - Units 109-116
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