2149 E 5th St - Medical FOR SALE


Tempe, AZ 85288- Apache
$3,859,000 USD
602-687-6780
2149 E 5th St, Tempe, AZ for Sale
$3,859,000 USD
Medical - FOR SALE
1/6
null | 7.63% Cap Rate

2149 E 5th St
Tempe, AZ 85288
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

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. 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. Known for producing premium, small-batch cannabis distillates,

FOR SALE DETAILS

PRICE

$3,859,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

7.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abstrakt Sale-Leaseback

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,608 SF

ZONING

I-1

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 Policy.