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10443 N 32nd St

6,000 SF Retail Building Phoenix, AZ 85028 $3,290,000 ($548/SF) 3.92% Cap Rate

Retail Buildings Arizona Phoenix 10443 N 32nd St, Phoenix, AZ 85028

Investment Highlights

  • Unlimited parking at adjacent park and ride lot
  • neighborhood variance for liquor license pre-approved
  • system rough-in includes restaurant ready infrastructure for future use

Executive Summary

Press Roastery is a modern warehouse consolidating the client's operations into a unified facility showcasing the roasting process and providing a complete coffee 'experience.' A mezzanine-level tasting room floats above the space and overlooks the production floor and a cafe. Inspired by the client's logo, black masonry alternating with white metal panels creates a strong graphic identity inside and out. A level of refinement is introduced with custom steel windows and detailing, including a slatted shade structure which extends the volume west towards the street, capturing a patio and shading the entry, while providing an armature for signage and lighting.

Attachments

10443 N 32nd St Booklet
AIA Architecture Award

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
2019
Price
$3,290,000
Price Per SF
$548
Cap Rate
3.92%
NOI
$129,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.64 AC
Zoning
PAD
Parking
40 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
100 FT on 32nd St

Amenities

  • Mezzanine
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 5,600 SF
  • -
  • Triple Net
  • Jun 2029

Press Coffee is a small batch coffee roaster shipping specialty coffee worldwide. They share their passion for coffee by providing the highest quality coffee, service and knowledge with their customers and community every day. Whether customers visit one of their Phoenix, AZ cafés or order coffee online, they expertly roast their coffee in-house every day to ensure customers the freshest. The Press Coffee store begins in 2008 with Steve Kraus and wife Tram Mai who had a passion for great coffee. Not finding the quality they were looking for, they decided to start a specialty coffee shop of their own. Opening just months before the recession of 2008 Steve and his wife were tested from the very start, fortunately, Steve and Tram's passion and commitment for making great coffee won the loyalty of their customers and kept them afloat.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 5,600 SF - Triple Net Jun 2029

Links

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Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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Nearby Major Retailers

Starbucks
Bashas'
Scooter's Coffee
Filiberto's Mexican Food
Chase Bank

PROPERTY TAXES

Parcel Number 165-02-061 Improvements Assessment $0
Land Assessment $0 Total Assessment $153,407

PROPERTY TAXES

Parcel Number
165-02-061
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$153,407
(480) 221-9932

Contact

  • Listing ID: 32666226

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 10443 N 32nd St, Phoenix, AZ 85028

More public record information on 10443 N 32nd St, Phoenix, AZ 85028

The Retail Property at 10443 N 32nd St, Phoenix, AZ 85028 is currently available for sale. Contact beSpoke Real Estate for more information.

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10443 N 32nd St
(480) 221-9932 x

10443 N 32nd St

Shawna Glazier

(480) 221-9932

(480) 221-9932

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