Office Warehouse

1401 S Central Ave.

1401 S Central Ave, Phoenix, AZ 85004

Listing Price: $2,000,000

Cap Rate
8.50%
Gross SF
26,540
Price/Gross SF
$75.36
Lot Size
1.27 acres
Year Built
1930
Rentable SF
26,540

Investment Overview

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. ? ?

Investment Highlights

  • 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%
  • The subject property is located at 1401 S Central Ave in the City of Phoenix, Maricopa County, Arizona. The property has 285' of frontage on Central Ave.?
  • The property is within the land-constrained Central Phoenix Industrial Submarket with extremely high barriers to entry.

Exclusively Listed By

Office Warehouse

1401 S Central Ave.

Listing Price: $2,000,000

Cap Rate
8.50%
Gross SF
26,540
Price/Gross SF
$75.36
Lot Size
1.27 acres
Year Built
1930
Rentable SF
26,540

Investment Highlights

  • 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%
  • The subject property is located at 1401 S Central Ave in the City of Phoenix, Maricopa County, Arizona. The property has 285' of frontage on Central Ave.?
  • The property is within the land-constrained Central Phoenix Industrial Submarket with extremely high barriers to entry.

Investment Overview

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. ? ?

Exclusively Listed By

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