FOR SALE - Showroom, Office, Warehouse for Investor or Owner User in Phoneix, AZ.

Arizona ROI FOR SALE

www.ArizonaROI.com

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2550 North 33rd Ave., Phoenix, AZ, 85009 Price: $1,500,000

Barbra Larkin / Jeff Cline

(480) 603-3310

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Thomas and I-17 35th Ave. and I-10

18,000 +/- SF Showroom / Warehouse

4 units, + fenced yard, 100% occupied

100% air-conditioned / heated

Cap Rate: (ProForma)

Land Area: 1.1 acres (county record)

Built: 1980; recent 4” foam on T’s roof

Building: Brick; recent paving

Clear Height: 12 - 14 feet

Loading: Grade level, overhead doors

Power: 2400 amps, 3-phase main

Tax Parcel Number: 108-09-45D

Zoning: Industrial Park, Phoenix

Parking: 38 paved spaces (2.11 : 1k SF)

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Single Story Multi-Tenant Industrial Building with direct street frontage in the Encanto Business Park, Phoenix AZ.

Fantastic opportunity for investor/owner user to acquire a con-crete block office / showroom / warehouse / fenced yard build-ing top level maintained by owner / user. A corner location makes for great visibility and is near two major highway access ramps from both I-17 and I-10.

The four unit building was built in 1980 and has three dependa-ble business tenants and has been100% occupied for years. Existing leases expire during 2014 for immediate rent growth or owner/user may occupy. Building ceilings are 12’ and 14’; large overhead doors in each unit; office and warehouse areas are heated and cooled. Land area is approximately 48,092 +/- SF; dimensions are approximately 293’ x 190 (+/-); the entire 38 space parking area is asphalt paved. All utilities are provided by city of Phoenix; building has 3-phase, 2400 amp electric service.

Email: [email protected]

Email: [email protected]

Mixed Use Muti-Tenant

Office / Warehouse

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1.0 Estimated Building ProForma (Projected):

Information is deemed reliable but not guaranteed. A buyer is responsible for his own financial, market and physical due-diligence.

2.0 Comparable Properties:

2013 2014 2015 2016 2017 2018

I. Revenue: $86,100 $94,700 $104,200 $114,500 $126,100 $138,600

II. Expense:

A) Operating <$11,250> <$11,500> <$11,700> <$11,900> <$12,200> <$12,500>

B) Property Tax <$19,150> <$19,150> <$20,000> <$20,000> <$21,000> <$21,500>

III. Net Income (NOI): $55,700 $64,150 $72,500 $82,600 $92,900 $104,600

IV. Cap Rate: 3.7% 4.3% 4.8% 5.6% 6.2% 7.0%

(All adjusted proforma figures are not actual, they are an estimated projection only. These figures are not guaranteed.)

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Sales Price: Building Size: Price Per Square Foot:

Comparable Building #1: $1,800,000 16,194 Sq. Ft. $111.15 P.S.F.

Comparable Building #2: $ 799,000 7,320 Sq. Ft. $109.15 P.S.F.

Comparable Building #3: $1,200,000 12,648 Sq. Ft. $ 94.88 P.S.F.

Comparable Building #4: $1,500,000 16,000 Sq. Ft. $ 93.75 P.S.F.

Comparable Building #5: $1,400,000 16,500 Sq. Ft. $ 84.85 P.S.F.

SUBJECT Building: $1,500,000 18,000 Sq. Ft. $ 83.33 P.S.F.

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