2220 W 14th St - Showroom FOR SALE


Tempe, AZ 85281- West Tempe
$3,675,000 USD
602-614-7877
2220 W 14th St, Tempe, AZ for Sale
$3,675,000 USD
Showroom - FOR SALE
1/6
null | 6.1% Cap Rate

2220 W 14th St
Tempe, AZ 85281
West Tempe


HIGHLIGHTS

  • Centrally located in Metro Phoenix
  • Single Tenant NNN Investment
  • Ample power and 100% AC
  • Extensively remodeled in 2023

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.75

LAND SF

32,670

ZONING

GID

APN/PARCEL ID

124-58-118

ASK ABOUT THIS PROPERTY

Mike ParkerCBREMore Info
602-614-7877

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Mike ParkerCBREMore Info
602-614-7877

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