Remarks

Explore a high demand industrial investment opportunity in Northern Arizona with this passive income-producing property. Boasting an approximately 4,600 square foot freestanding warehouse on one acre of light industrial footprint, this fully leased high-quality asset offers the ideal investment strategy for those looking to bolster their portfolios with a premium industrial product. With its LI (Light Industrial) zoning and a long-standing national tenant in place going into its ninth year of tenancy with options to renew, this stable property aligns with investors looking to capitalize on the robust industrial market. The property's 100 single tenant occupancy rate and net lease exemplifies its desirability and potential for consistent returns. Set amongst other light industrial and heavy commercial uses including distribution centers, self-storage, automotive repair, and a Waste Management plant, within a one minute drive of I-40, this corridor is blossoming into one of the most strategic and growth-heavy sectors of the City. With few parcels of land left in the area, and even fewer zoned LI, this established product demands pursuit for long-term gains. Well-maintained and loaded with warehouse amenities including dock-doors, overhead doors, metal construction, office plus warehouse and ease of arterial route access, this property provides a very solid foundation for investors seeking a reliable and lucrative asset in the Northern Arizona industrial market.

Details

MLS#: 200112
Price: $1,350,000

Sq Ft: 4600

County: Coconino
Tax Fee: 6918