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1445 S McClintock Drive - 1445 S. McClintock, Tempe, AZ

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1445 S McClintock Drive - 1445 S. McClintock

Tempe, AZ 85281-6001 - Tempe East Ind Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1969
Building Size:38,400 SF Land Area:2.3 AC (100,188 SF)
Ceiling Height:20'0'' Loading Docks:1 ext Rail:- Power:1,200a
For Sale Price:$1,885,760 Price/SF:$49.11
Cap Rate:7.50 %
Zoning:GID Sprinklers:- Drive Ins:10'0''h Cranes:-
Parking:Free Covered spaces; Ratio of 3.3/1,000 SF

Sale Notes:
The 1445 S. McClintock Building represents the ideal opportunity for an investor who seeks to own a single tenant NNN industrial property located in the coveted Tempe submarket within the light rail corridor along Apache Blvd. The current tenant, All Book Covers, purchased Bradford Alan in 1985. Prior to being purchased, Bradford Alan occupied the property since 1969. The property was well suited for All Book Covers, who began working out of the site following the sale. The Landlord is investing approximately $160,000 in roof repairs, HVAC maintenance, and parking lot pavement. Additionally, the underlying real estate is adjacent to the Transportation Overlay District where high density multifamily, retail and offices are being developed. This trend will continue to drive demand for this location and increase the underlying real estate values.

Close proximity to the Loop 101, Arizona State University and Sky Harbor International Airport. The METRO light rail system and station on Apache Boulevard is just minutes away from the property, and offers access to 26+ miles of transit service from NW Phoenix to downtown Mesa.

Colliers International
Philip Wurth
(480) 655-3310

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