Phoenix Valley Homes Phoenix, Real Estate, Phoenix Valley, Phoenix Arizona, Buy, Sell, homes for sale, Glendale, Peoria,

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93rd/Happy Valley (Peoria, Arizona, US - 85382)
MLS® $1,100,000 9 % CAP Rate
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"Well Kept Office Build. / Good Location"
 

Keller Williams NorthEast Realty


 
Brandon and Jennifer Cohan
Email Brandon and Jennifer
 
Phone: 602-384-4175
Cell: 602-384-4175
Fax: 623-328-7311
 
Details

Address: 8805 W Union Hills Dr Type: Commercial Style: Building has an Elevator Size: 7,968 sq. ft. Lot Type: Rectangular Lot Size:  51520sq. ft.  160ft x 322ft "Recorded as two parcels" Has Suite: Yes Year Built: 1996 "Covered Parking added 2006" Taxes: $26,143.00 (2008) MLS®: 3014064
 
Description

This Office Building is being offered at a 9.0 % CAP. All rentals are NNN with total expenses of $ 57,294/Yr. Fully occupied Gross Income is $ $ 137,322/Yr. T-Moble is tennant on Flag Pole Cell tower with 30 Yr lease. 15 Covered parking stalls are rented for $ 25/Month. BONUS This property is divided into two parcels Front parcel (10,152 Sq Ft has been engineered for a new 1,500 Sq Ft Office Bulding. Estimated cost to build is $ 210,000. This new building would have a PROJECTED CAP of 20 %.
 
Highlights

▪ 51 Parking Spaces ??? 15 or covered and leased for $ 25.00 per month each. ▪ Monument Sign in place
▪ Fire Sprinklers

Features
Interior Features
▪ Alarm System ▪ Carpeted Floors ▪ Hardwood Floors
Cooling
▪ Central Air
Exterior Finish
▪ Stucco
Heating
▪ Central Electric
Roof
▪ Built Up
Sewer/Water Systems
▪ Private
View
▪ City Lights
Extra Features
▪ Balcony
Brokered and Advertised by:   REMAX Professionals P2#5327327
 

Information is deemed to be correct but not guaranteed.



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