2222 W Parkside Ln - Light Manufacturing CONDO FOR SALE


Phoenix, AZ 85027- Deer Valley
$1,195,000 USD
480-414-3818
2222 W Parkside Ln, Phoenix, AZ for Sale
$1,195,000 USD
Light Manufacturing CONDO - FOR SALE
1/19
null | 4.62% Cap Rate

2222 W Parkside Ln
Phoenix, AZ 85027
Deer Valley


OVERVIEW

Investment Overview: ? Tenant 'E Creations' currently leases the property paying $5,625/Month Modified Gross ? Current lease expires September 30, 2028. Approximately 2.2 years remaining ? In place NOI: $55,201.96 ? 4.6% Cap Rate in place ? 3% Annual increases ? Next Increase occurs October 1st, 2026 ? One (1) Three Year option to renew at fair market value ? The Deer Valley industrial market in Phoenix is exceptionally strong, driven by robust leasing and investment activity, low vacancy, strategic access to major freeway infrastructure and proximity to major demand drivers like the growing semiconductor ecosystem, making it one of the most in-demand and resilient industrial submarkets in the metro.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

4.62%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 2 - Units 109-116

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Warehouse, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

3,540 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

A-1, Phoenix

APN/PARCEL ID

209-03-226

ASK ABOUT THIS PROPERTY

Nick DePaulBasis Commercial Real Estate, LLCMore Info
480-414-3818

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Nick DePaulBasis Commercial Real Estate, LLCMore Info
480-414-3818

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