17006 S Weber Dr - Industrial FOR SALE


Chandler, AZ 85226
$10,799,000 USD
701-580-3260
17006 S Weber Dr, Chandler, AZ for Sale
$10,799,000 USD
Industrial - FOR SALE
1/18
null | 9.74% Cap Rate

17006 S Weber Dr
Chandler, AZ 85226


HIGHLIGHTS

  • Long term NNN leases with 3% annual increases
  • Medical cannabis tenants
  • 100+ parking spots
  • Tenants pay well above market rent
  • All tenants have a personal or corporate Guarantee

OVERVIEW

This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with three tenants. Tenants pay premium above market comp rents because of the nature of the business their in, medical cannabis. First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place. Second tenants lease ends in 2035, but also has options for an additional 5 years. Second tenant signed a personal guarantee. Third tenants lease ends in 2035, but also has options for an additional 5 years. Third tenant signed a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. One oversized grade level door. Office, showroom, and warehouse uses inside property. Large 2.10 acre lot with 100+ parking spaces. Medical Cannabis license is not for sale, tenant owns medical cannabis license, not the property owner. Massive development coming to this major freeway junction Brochure, flyer, and OM will be available next week for distribution.

FOR SALE DETAILS

PRICE

$10,799,000 USD

PRICE/SF

$674 USD /SF

CAP RATE

9.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guaranteed NNN Leases

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.1

LAND SF

91,476

ZONING

IND-3

APN/PARCEL ID

301-85-058F

ASK ABOUT THIS PROPERTY

Brent RussumBuySellNDMore Info
701-580-3260

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Brent RussumBuySellNDMore Info
701-580-3260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.