2149 E 5th St - Manufacturing FOR SALE


Tempe, AZ 85281- Apache
$3,272,000 USD
602-687-6780
2149 E 5th St, Tempe, AZ for Sale
$3,272,000 USD
Manufacturing - FOR SALE
1/6
null | 9% Cap Rate

2149 E 5th St
Tempe, AZ 85281
Apache


HIGHLIGHTS

  • Brand New 10-Year Absolute Triple-Net (NNN) Lease
  • Three Percent Annual Rental Increases with Multiple Renewal Options
  • Tenant Invested Over $970,000 into the Interior and HVAC System in Addition to Over $400,000 of Specialty Equipment - Highly Desirable Buildout
  • Dense Tempe Trade Area with 368,375 Residents within a Five-Mile Radius
  • Adjacent to Arizona State University (Nearly 55,000 Students), Facilitating Access to a Skilled Workforce and Research Collaboration Opportunities
  • Situated within the Smith Innovation Hub - 302 Acres with Mostly Light Industrial and Office Uses

OVERVIEW

Abstrakt has emerged as a leading force in Arizona's cannabis industry, distinguished by its innovative flavor profiles and widespread market reach, with a presence in over 30 submarkets statewide. Abstrakt's products can be found in over 90 dispensaries throughout Arizona. It is the Top 3 Vape Company in the state by volume and revenue and is the Top 10 overall cannabis brand in Arizona. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.

FOR SALE DETAILS

PRICE

$3,272,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abstrakt - 10 Yr Abs NNN Sale-Leaseback

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, R&D, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,499

ZONING

I-1, Tempe

APN/PARCEL ID

132-37-140

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

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