Cap Rate 10.5% Zoned A-1 by THREE Major Freeways! 0.903 acres 39,363 sq ft. 8 tenants in the past 2 years property has been at FULL occupancy. All tenants have a 1 month rent as deposit. Except tenant #8 with no deposit. Property has 85% concrete and 15% asphalt.*Rentals are with annual lease agreements with 5% increase per year.-Tenant #1 (Auto Part Sales) rents $5,460 a month; -Tenant #2 (Car Dealer) $1,100 a month; Tenant #3 (Granite) $1,313 a month- Tenant #4 (Car Paint Shop) w equipment rents $3,000 a month- Tenant #5 (Car Dealership) $1,050 a month- Tenant #6 (Car Dealership) rent is pays $1,100 a month- Tenant #7 (Workspace) rent $1,000 a month -Tenant #8 (Security Live-in Home) rent $1,000 a month. Total parking spots 39. Check documents tab for property and tenant details.
Courtesy of: Stunning Homes Realty The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the ARMLS. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 3rd August, 2021 5:28 PM