Cap Rate 10.5% Zoned A-1 by THREE Major Freeways! 0.903 acres 39,363 sq ft. 8 tenants in the past 2 years property has been at FULL occupancy. All tenants have a 1 month rent as deposit. Except tenant #8 with no deposit. Property has 85% concrete and 15% asphalt with 4" - 5" thickness. New sewer line installed throughout property in 2017 with 4" thick material. NEW 1" 520 feet cooper piping installed throughout property for hot and cold water August 2020. *Rentals are with annual lease agreements with 5% increase per year.-Tenant #1 (Auto Part Sales) rents $5,460 a month; -Tenant #2 (Car Dealer) $1,100 a month; Tenant #3 (Granite) $1,313 a month- Tenant #4 (Car Paint Shop) w equipment rents $3,000 a month- Tenant #5 (Car Dealership) $1,050 a month- Tenant #6 (Car Dealership) rent is pays $1,100 a month- Tenant #7 (Workspace) rent $1,000 a month -Tenant #8 (Security Live-in Home) rent $1,000 a month. Total parking spots 39. Check documents tab for property, expenses, income, and tenant details or continue reading: Property is 0.9036501377 acres (Maricopa Assessor States: 39,363 square feet). Zoned A-1. In the past 2 years property has been at full occupancy. All tenants have a 1 month rent as deposit. Except tenant #8 with no deposit. Property has 85% concrete and 15% asphalt (Improvement). *Rentals are with annual lease agreements with 5% increase per year. Tenant #1 (Auto Part Sales) uses 23% of property – pays $5,460 per month Indoor: Has 2 offices. Size of each office 20’x11’x9’. Each has private bathroom with shower. Each office is 220 square feet (2 x 220 = 440 square feet total) Outdoor: Has 3 covered workspaces with capacity to fit 3 cars (Improvement) Tenant #2 (Car Dealer) uses 10% of property –pays $1,100 per month Outdoor: Has 1 covered workspace 33’x18’x14’ fits 4 cars (Improvement) Tenant #3 (Granite) uses 9% of property –pays $1,313 per month Outdoor: Has 1 covered workspace 20’x18’16’ fits 4 cars Tenant #4 (Car Paint Shop) uses 16% of property –pays $3,000 per month Outdoor: Has 3 covered workspaces, each is 33’x18’16’, each fits 4 cars. Has storage unit of 40’x8’x9’. Has paint cabin purchased 2017 for $12,000 Has Frame Machine purchased 2017 for $12,500 Tenant #5 (Car Dealership) uses 10% of property –pays $1,050 per month Indoor: Office is 18’x10’x9’ with private bathroom and shower. Office space: 180 square feet. Outdoor: Has 8 parking spaces Tenant #6 (Car Dealership) uses 9% of property –pays $1,100 per month Indoor: Office is 12’x10’x9’ – 120 square feet. Outdoor: Has 7 parking spaces Tenant #7 (Workspace) uses 10% of property –pays $1,000 per month Indoor: Office is 28’x12’x9’ with private bathroom and shower. Office space: 336 square feet. Outdoor: Has 6 parking spaces Tenant #8 (Security Live-in Home) uses 13% of property –pays $1,000 per month Indoor: Living room, kitchen, 2 bedrooms (fit queen size beds) bathroom, patio. Approximate square footage 980 square feet Outdoor: One parking spot Cap Rate Net operating income $166,332 / Cost of building $1,580,000 = 10.5% Utilities Electricity Company: APS; 3 electric meters on property but only need and use 2. Gas located on property at property, but not in use. Year Built 1st Building on property (two dealership offices) built ~ 1915 ; Casita offices 2017/2018 Gross Total Monthly Income Tenant 1 Monthly Lease $5,460 Tenant 2 Monthly Lease $1,100 Tenant 3 Monthly Lease $1,313 Tenant 4 Monthly Lease $3,000 Tenant 5 Monthly Lease $1,050 Tenant 6 Monthly Lease $1,100 Tenant 7 Monthly Lease $1,000 Tenant 8 Monthly Lease $1,000 Gross Monthly Income: $15,023 Gross Annual Income $180,276 Approximate Expenses Taxes monthly $377 (Annual $4,524) Electricity monthly $500 (Annual $6,000) Water & Sewer monthly $200 (Annual $2,400) Insurance monthly $85 (Annual $1,020) Monthly Net Income: $13,861 Annual Net Income $166,332