10443 N 32nd St 6,000 SF Retail Building Phoenix, AZ 85028 $3,240,000 ($540/SF)

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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.

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

Year Built

2019

Price

$3,240,000

Price Per SF

$540

Tenancy

Single

Building Height

2 Stories

Building FAR

0.22

Lot Size

0.64 AC

Zoning

PAD - Planned Area Development

Parking

40 Spaces (6.67 Spaces per 1,000 SF Leased)

Frontage

100’ on 32nd St

Mezzanine

Wheelchair Accessible

Air Conditioning

Smoke Detector

MAJOR TENANTS

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.