Remarks

Attention all investors! Owner is retiring and selling both of their 9000 sq ft. fully leased commercial buildings on the corner of 29th & Patterson Road in the Safeway complex. Most of the tenants & leases are long term. Both the East (2913) and West (2905) buildings are for sale & must be purchased together. 2905 (West building) is presently at a .083 cap rate. 2913 is at a .085 Cap Rate. Land lease is 1.2 acres on 2905 building and 1.94 acres on 2913 building. Seller is twenty years into a 70 year lease on the land for both buildings from Albertsons Corporation. Buyer must have a 5 million net worth to assign the land lease. Great opportunity to own two marque commercial building with great ROI opportunity.

Details

MLS#: 20240851
Price: $950,000

Style: Building

County: Mesa
Lot Size: Irregular
Tax Fee: 31152