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Motivated Seller! Will consider ALL offers. This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with two tenants. Tenants pay premium rents because of the nature of the business their in, medical cannabis. First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place. Second tenants lease ends in 2031, but also has options for an additional 5 years. Second tenant did not sign a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. One oversized grade level door. Large 2.10 acre lot with 80 parking spaces. Medical Cannabis license is not for sale, tenant owns medical cannabis license, not property owner.PROPERTY FEATURES
Water Source :
City Franchise
Sewer Source :
Public Sewer
Electric :
3 Phase Power, Over 220 Amp
Parking Features:
Private Parking, Free
Fencing :
Chain Link
Cooling:
Central A/C
Heating :
Electric, Natural Gas
Construction Materials:
Block
Flooring :
Concrete
PROPERTY DETAILS
Street Address: 17006 S WEBER Drive
City: Chandler
State: Arizona
Postal Code: 85226
County: Maricopa
MLS Number: 6814359
Year Built: 2018
Courtesy of Joseph J Kachuroi
City: Chandler
State: Arizona
Postal Code: 85226
County: Maricopa
MLS Number: 6814359
Year Built: 2018
Courtesy of Joseph J Kachuroi
Courtesy of Joseph J Kachuroi