4630 N 12th St - Light Distribution FOR SALE


Phoenix, AZ 85014- Midtown Phoenix
$1,475,000 USD
602-975-0810
4630 N 12th St, Phoenix, AZ for Sale
$1,475,000 USD
Light Distribution - FOR SALE
1/9
null | Request Cap Rate

4630 N 12th St
Phoenix, AZ 85014
Midtown Phoenix


HIGHLIGHTS

  • PRIME LOCATION – CAMELBACK CORRIDOR – Strategically positioned just south of Camelback Rd on 12th St, this property offers unmatched accessibility
  • MULTI-USE PROPERTY – Given its location and the types of spaces (auto, office, industrial, flex) you could have a multitude of tenants/uses here.
  • VALUE-ADD OPPORTUNITY – With there being a legacy tenant currently in-place, and the recent departure of another legacy tenant
  • RECENT IMPROVEMENTS – The current owners have made improvements within the last calendar year such as: New Exterior Paint, Repaired Exterior Stucco
  • MULTI-TENANT CAPABLE – There are four total suites, so you could lease the property to a single user, or multiple tenants and diversify your income.

OVERVIEW

We’re pleased to offer this exciting opportunity in the heart of the Midtown Phoenix business district. This is a rare industrial building located in a prime retail corridor, offering a multitude of options for either an owner-user or an investor. As mentioned, industrial space in this area is very limited, with only 10 comparable properties over 5,000 SF within a one-mile radius. The property consists of 4 suites, each offering a unique layout and intended use. Currently, there is a legacy tenant occupying 2 of the suites on a month-to-month lease. This leaves the door open for a user to occupy the remaining space or take over the entire property. Similarly, for an investor, this offers the opportunity to lease the property to a single tenant or divvy up the suites and diversify the income. Over the last few months, the current owners have made many improvements to the property. These include repairing the exterior stucco, followed by new exterior paint, installing missing drywall, repairing and installing interior lighting, and smoothing out the concrete floor inside two of the suites. Given the legacy tenant’s tenure at the property, over 25 years, and the recently departed tenant, who was in their space for over 10 years, a new owner can come in, renovate the property and have it suit their business’s needs and have the opportunity to rent any unused space and offset some of the costs.    Broker of Record David Harrington License No. CO701910000 (AZ) (866) 889-0550 Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.35

LAND SF

15,246

ZONING

C-2, Phoenix

APN/PARCEL ID

155-12-182

ASK ABOUT THIS PROPERTY

Oscar LopezMatthews Real Estate Investment ServicesMore Info
602-975-0810

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Oscar LopezMatthews Real Estate Investment ServicesMore Info
602-975-0810

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