The subject property was built in 1986 and extensively remodeled
in 2023 with approximately $315,000 in capital towards office
improvements and air conditioning units for the warehouse. It is
located within the established Northwest Tempe Industrial submarket
where there are numerous single and multi-tenant industrial buildings
in a submarket of ±10.5 million sf. The building is close to both the I-10,
I-17 and US-60 freeways and the SR-143 full diamond interchange to
the Loop 202 Red Mountain freeway. The building is attractive and well
maintained. The offices and warehouse are recently renovated. Pacific
Edge Wine & Spirits Inc. is the Tenant with the lease running until April
30, 2028. The lease is based on ±13,124 sf building at a $1.374/sf monthly
NNN escalating at 4% per annum. The subject property is located on
a site of 0.75 acres.