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1642 S Priest Drive - The Enclave on Priest - Bldg 6, Tempe, AZ

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1642 S Priest Drive - The Enclave on Priest - Bldg 6

NWC Priest & 17th
Tempe, AZ 85281 - Tempe Northwest Ind Submarket

Property Type:Flex Sub Type:Light Manufacturing Status:Existing Year Built:2009
Building Size:21,303 SF Land Area:10 AC (435,474 SF)
Ceiling Height:16'0''-18'0'' Loading Docks:No Rail:- Power:-
For Sale Price:$4,260,000 Price/SF:$199.97
Cap Rate:7.50 %
Zoning:I-1 Sprinklers:- Drive Ins:5 tot./12'0''w x 12'0''h Cranes:-
Parking:20 Surface spaces are available; Ratio of 3.75/1,000 SF


Sale Notes:
Terros Inc. Mental Health Facility
21,303 RSF Single Story Flex Building
Built 2009
7.5% Cap Rate Based on NOI
84 Month Renewal
NNN Lease with Exceptional Credit Tenant
Renovation: $20.00/SF Upon Renewal
Tenant has occupied building for 7 years.

Lee & Associates
Jerry M Marrell
(602) 954-3744

Chris L McClurg
(602) 956-7777

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