Investment Overview

Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Custom Truck One Source located in Yuma, Arizona. The subject property is a 25,000-square-foot facility sitting on 1.13 acres, located off South Arizona Avenue on East 20th Street. There are approximately five years remaining on a triple-net (NNN) lease with three percent annual increases. There are two, three-year renewal options at fair market value. This property was built in 1966, renovated in 2017, and is scheduled to undergo over $500,000 worth of property improvements for the expansion of the air-conditioned/HVAC spaces throughout the premises. The property features metal construction with a brick façade. The property has two drive-in doors and one sliding door. The parking lot is asphalt. Custom Truck One Source, Inc. is a leading one-stop-shop provider of specialty equipment serving customers in the growing electric utility transmission and distribution, telecom, rail and infrastructure end-markets in North America. The company offers its customers what they need to maintain, repair, upgrade and install critical infrastructure assets. Custom Truck One Source offers a full suite of solutions, including equipment rental, new and used equipment sales, and aftermarket parts, service tools and accessories. Yuma, Arizona is known for its agriculture and defense industries and is located in Yuma County in southwestern Arizona, near the California and Mexico borders. The market’s warm winter weather draws nearly 100,000 seasonal residents in a typical year, alongside tourists and outdoor enthusiasts. Underpinning Yuma’s economic prospects, the metro’s five-year population growth is expected to outpace that of the nation. Access to the Mexico and California markets makes trade an important segment of the economy.