2310 S Higley Rd - Specialty FOR SALE


Gilbert, AZ 85295- South Gilbert
$6,250,000 USD
310-966-0122
2310 S Higley Rd, Gilbert, AZ for Sale
$6,250,000 USD
Specialty - FOR SALE
1/2
null | 6.25% Cap Rate

2310 S Higley Rd
Gilbert, AZ 85295
South Gilbert


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Long-Term 20-Year Absolute NNN Lease
  • Attractive Rent Escalations
  • High-Performing Sector with Regional Dominance

OVERVIEW

Surmount and Marcus and Millichap are pleased to present the exclusive listing for a Cobblestone Auto Spa located at 2310 S Higley Rd, Gilbert, AZ 85295. The site consists of roughly 5,897 rentable square feet of building space on an estimated 1.8-acre parcel of land. This Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $390,625 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$1,060 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone Auto Spa

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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