1401 S Central Ave, Phoenix, AZ 85004
Marcus & Millichap is pleased to present an income-producing redevelopment opportunity. The current owner, Axle Transmission, will agree to a 3-year leaseback at $170k/year, NNN, representing an 8.5% Cap. The manufacturing/warehouse building is located on a hard corner of Central Ave and Pima St. The property is being offered in “As-Is” condition, with Tenant responsibilities of all maintenance items. ? ?
Marcus & Millichap is pleased to present an income-producing redevelopment opportunity. The current owner, Axle Transmission, will agree to a 3-year leaseback at $170k/year, NNN, representing an 8.5% Cap. The manufacturing/warehouse building is located on a hard corner of Central Ave and Pima St. The property is being offered in “As-Is” condition, with Tenant responsibilities of all maintenance items. ? ?
