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Greater Yuma Industrial Estate 2801 N Main St 610,412 SF 21% Leased 4-Star Industrial Building San Luis, AZ 85349 $76,775,602 CAD ($125.78 CAD/SF) 6.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully tenanted 600,000 square feet on 35 acres.
- Large upside for future rent increases.
- Ideal logistics location and transportation hub, served by I-8, 95, 195, rail, international airport.
- Significant tenant Investment in location.
- High quality Butler Frame construction.
- Strategic Mexico Port of Entry three miles south.
EXECUTIVE SUMMARY
2801 N Main Street, San Luis (Yuma) AZ is a premium investment for sale at $55M giving a 6.7% cap rate on NOI of $3.7M. It is fully tenanted with NNN leases that have annual CPI increases. There is significant upside for future market rental increases. Some vendor finance could be available. Lease rate $6.06 per square foot per year.
The tenants are an international logistic company servicing the booming commercial solar projects in the Southwest, and an international specialist fabric manufacturer who has invested millions in setting up operations at this property.
The building is a 600,000 sf factory/warehouse (high-quality Butler Frame steel construction) built in 1998 on 35 acres with 20–34 foot clearance and 4,000 amps power.
It is located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing. It is ideally placed for distribution to southern CA.
Building Area Unit A 128,154 sf Unit B 482,258 sf
Building Dimension Unit A 600'x200' Unit B 600'x800'
Clear height Unit A 34' Unit B 24'
Column spacing 50' x 50'
Land size 35.43 acres
Zoning: Light Industrial L1
Parcel No:. 210-25-009
Build Date 1998
Construction Butler pre-engineered steel construction
Roof Butler-MR24 insulated metal roof
Floor 6" concrete, 2500 psi
Dock doors 24 dock high doors, 3 drive-in
Power 4,000 amp, 277/480V
Sprinklers ESFR
The tenants are an international logistic company servicing the booming commercial solar projects in the Southwest, and an international specialist fabric manufacturer who has invested millions in setting up operations at this property.
The building is a 600,000 sf factory/warehouse (high-quality Butler Frame steel construction) built in 1998 on 35 acres with 20–34 foot clearance and 4,000 amps power.
It is located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing. It is ideally placed for distribution to southern CA.
Building Area Unit A 128,154 sf Unit B 482,258 sf
Building Dimension Unit A 600'x200' Unit B 600'x800'
Clear height Unit A 34' Unit B 24'
Column spacing 50' x 50'
Land size 35.43 acres
Zoning: Light Industrial L1
Parcel No:. 210-25-009
Build Date 1998
Construction Butler pre-engineered steel construction
Roof Butler-MR24 insulated metal roof
Floor 6" concrete, 2500 psi
Dock doors 24 dock high doors, 3 drive-in
Power 4,000 amp, 277/480V
Sprinklers ESFR
PROPERTY FACTS
| Price | $76,775,602 CAD | Rentable Building Area | 610,412 SF |
| Price Per SF | $125.78 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1998 |
| Cap Rate | 6.73% | Parking Ratio | 0.17/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 34’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 27 |
| Building Class | A | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 35.43 AC | Opportunity Zone |
Yes
|
| Zoning | L-1 - Light Industrial | ||
| Price | $76,775,602 CAD |
| Price Per SF | $125.78 CAD |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 35.43 AC |
| Rentable Building Area | 610,412 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 0.17/1,000 SF |
| Clear Ceiling Height | 34’ |
| No. Dock-High Doors/Loading | 27 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | L-1 - Light Industrial |
AMENITIES
- Fenced Lot
- Yard
- Storage Space
UTILITIES
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - Septic Field
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Potential lease of 15-18 acres outside available as well
| Space | Size | Space Use | Condition | Available |
| 1st Fl - Unit B | 480,000 SF | Industrial | - | Now |
1st Fl - Unit B
| Size |
| 480,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
MAP
1st Fl - Unit B
| Size | 480,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Potential lease of 15-18 acres outside available as well
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
San Diego
1,425,976
172
3 h 19 m
Phoenix
1,660,272
212
4 h 3 m
Los Angeles
3,990,456
279
5 h 29 m
Las Vegas
644,644
326
6 h 24 m
El Paso
682,669
581
10 h 11 m
Albuquerque
560,218
621
11 h 40 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
51,532
Total Labor Force
18,612
Unemployment Rate
14.38%
Median Household Income
$53,965
Warehouse Employees
2,055
High School Education Or Higher
57.60%
$ values in USD
PROPERTY TAXES
| Parcel Number | 210-25-009 | Improvements Assessment | $604,740 CAD |
| Land Assessment | $190,021 CAD | Total Assessment | $794,761 CAD |
PROPERTY TAXES
Parcel Number
210-25-009
Land Assessment
$190,021 CAD
Improvements Assessment
$604,740 CAD
Total Assessment
$794,761 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Greater Yuma Industrial Estate | 2801 N Main St
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