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1st Floor - Unit 114
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Flex
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3,540 SF
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$1,195,000 USD
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Unit Size: 3,540 SF
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Condo Use: Flex
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Price: $1,195,000 USD
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Sale Type: Investment
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Price/SF: $337.57 USD
Description
- Class A Industrial Condo
- +/- 3,540 Square Feet
- +/- 16' Clear Height
- Approximately 50%/50%
Warehouse to office
- High End Office Finishes
- One grade level door
- Built in 2006
- A-1 Light Industrial Zoning
- Core Deer Valley Location
- Proximity to I-17 and Loop
101
Sale Notes
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.
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Nick DePaul
Basis Commercial Real Estate, LLC
