FOR SALE – Investor or owner user Showroom Office Warehouse building in Central #Phoenix. More info on NEW LISTING at http://ow.ly/t03w5

1. Arizona ROI
FOR SALE
2550 North 33rd Ave., Phoenix, AZ, 85009
Price: $1,500,000
Thomas and I-17 35th Ave. and I-10
Property Page >>
18,000 +/- SF Showroom / Warehouse
Mixed Use Muti-Tenant
Office / 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
Photo Here
Online >>
Building: Brick; recent paving
Clear Height: 12 - 14 feet
Loading: Grade level, overhead doors
Power: 2400 amps, 3-phase main
Aerial >>
Tax Parcel Number: 108-09-45D
Zoning: Industrial Park, Phoenix
Parking: 38 paved spaces (2.11 : 1k SF)
Single Story Multi-Tenant Industrial Building with direct
street frontage in the Encanto Business Park, Phoenix AZ.
Map >>
Email: ArizonaROIJC@gmail.com
Email: BarbT40@cox.net
Barbra Larkin / Jeff Cline
(480) 603-3310
Property Featured on...
Fantastic opportunity for investor/owner user to acquire a concrete block office / showroom / warehouse / fenced yard building 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 dependable 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.
www.ArizonaROI.com

2. 1.0 Estimated Building ProForma (Projected):
2013
I. Revenue:
2014
2015
2016
2017
2018
$86,100
$94,700
$104,200
$114,500
$126,100
$138,600
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>
$55,700
$64,150
$72,500
$82,600
$92,900
$104,600
3.7%
4.3%
4.8%
5.6%
6.2%
7.0%
II. Expense:
III. Net Income (NOI):
IV. Cap Rate:
(All adjusted proforma figures are not actual, they are an estimated projection only. These figures are not guaranteed.)
2.0 Comparable Properties:
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.
Arizona ROI
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Information is deemed reliable but not guaranteed. A buyer is responsible for his own financial, market and physical due-diligence.
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