• The Enclave on Priest - 1642 S Priest Dr, Tempe, AZ 85281

For Sale

Industrial

For Sale

This property is available for sale
21,303
SF
$4,260,000
Sale Price
  • Year Built
    2009
  • Overview

    Single Tenant NNN Investment

    Highlights

    • Tenant: Terros Inc.
    • Built: 2009 (Occupied by Tenant for past 7 years)
    • Cap Rate: 7.5% Based on NOI $319,545.00
    • Term: 84 Months (Renewal)
    • Renewal Start: June 2017
    • NNN Lease with Exceptional Credit Tenant
    • Renovation: $20.00/SF Upon Renewal

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Property Details

Single Tenant NNN Investment

Highlights

  • Tenant: Terros Inc.
  • Built: 2009 (Occupied by Tenant for past 7 years)
  • Cap Rate: 7.5% Based on NOI $319,545.00
  • Term: 84 Months (Renewal)
  • Renewal Start: June 2017
  • NNN Lease with Exceptional Credit Tenant
  • Renovation: $20.00/SF Upon Renewal

  • Property Type
    Industrial
  • Submarket
  • Year Built
    2009
  • Sale Price
    $4,260,000
  • Total Building Size
    21,303RSF
  • Cap Rate
    8.0%
  • Number of Floors
    1
  • Last updated
    Mar 11, 2020
  • Property ID
    1372835

Landlord's Sales Representatives

  • Chris McClurg, SIOR
    Lee & Associates
     
  • Jerry Marrell
    Lee & Associates