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2166 E University Drive - Colletti Plaza - Colletti Plaza, Tempe, AZ

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2166 E University Drive - Colletti Plaza - Colletti Plaza

Tempe, AZ 85281-4607 - Tempe East Ind Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1986
Building Size:21,179 SF Land Area:1.23 AC (53,666 SF)
Ceiling Height:21'0''-24'0'' Loading Docks:No Rail:- Power:600a/120-208v
For Sale Price:$2,330,000 Price/SF:$110.01
Cap Rate:7.08 %
Zoning:I-1, Tempe Sprinklers:- Drive Ins:5 tot./12'0''w x 12'0''h Cranes:-
Parking:Free Surface spaces are available; Ratio of 1.89/1,000 SF Amenities:Fenced Lot
21,179 SF is available to occupy upon purchase.

Sale Notes:
" 21,179 SF Freestanding Building
" +8,000 SF 2-Story Office
" 4,222 SF Office Lease in Place through
February 2020
" Secure Yard
" 21' Clear Height
" 5 Grade Doors
" 1200 amps 120/208 3 phase power

" 7.08% CAP
" 13.49% Total Return
" 5 Year Sale/Leaseback
" $2,330,000 ($110/SF)

Lee & Associates
Ken McQueen
(602) 474-9564

Brian Payne
(602) 474-9571

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