Greater Yuma Industrial Estate | 2801 N Main St
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Greater Yuma Industrial Estate 2801 N Main St
610,412 SF 4-Star Industrial Building San Luis, AZ 85349 $55,000,000 ($90/SF) 6.73% Cap Rate
Investment Highlights
- Fully tenanted with NNN leases that have annual CPI increases.
- It is ideally placed for distribution to southern CA.
- Located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing.
Executive Summary
EXECUTIVE SUMMARY
2801 N Main Street, San Luis (Yuma) AZ is a premium investment for sale at $55M giving a 6.7% cap rate on NOI of $3.7M. It is fully tenanted with NNN leases that have annual CPI increases. There is significant upside for future market rental increases. Some vendor finance could be available.
The tenants are an international logistic company servicing the booming commercial solar projects in the Southwest, and an international specialist fabric manufacturer who has invested millions in setting up operations at this property.
The building is a 600,000 sf factory/warehouse (high-quality Butler Frame steel construction) built in 1998 on 35 acres with 20–34 foot clearance and 4,000 amps power.
It is located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing. It is ideally placed for distribution to southern CA.
Further details of this property can be found at http://greateryumaindustrialestate.com/
PROPERTY DETAILS - 2801 N Main St, San Luis (Yuma) AZ
FINANCIAL
Offering Price: $55,000,000
Building size: 610,412 sf
Price per square foot $90/sf
Nett Operating Income: $3,700,300 NNN + annual CPI
Lease Rate: $6.06/sf/year
Cap Rate: 6.7%
FEATURES
- Fully tenanted 600,000sf on 35 acres
- Significant tenant Investment in location
- Large upside for future rent increases
- High quality Butler Frame construction
- Ideal logistics location & transportation hub
- Served by I-8, 95, 195, rail, international airport
- Strategic Mexico Port of Entry 3 miles south
BUILDING
Building Area Unit A 128,154 sf Unit B 482,258 sf
Building Dimension Unit A 600'x200' Unit B 600'x800'
Clear height Unit A 34' Unit B 24'
Column spacing 50' x 50'
Land size 35.43 acres
Zoning: Light Industrial L1
Parcel No:. 210-25-009
Build Date 1998
Construction Butler pre-engineered steel construction
Roof Butler-MR24 insulated metal roof
Floor 6" concrete, 2500 psi
Dock doors 24 dock high doors, 3 drive-in
Power 4,000 amp, 277/480V
Sprinklers ESFR
Contact: Mark Maydahl, Ozvest Inc. (619) 807-7501 mark@ozvestproperty.com
2801 N Main Street, San Luis (Yuma) AZ is a premium investment for sale at $55M giving a 6.7% cap rate on NOI of $3.7M. It is fully tenanted with NNN leases that have annual CPI increases. There is significant upside for future market rental increases. Some vendor finance could be available.
The tenants are an international logistic company servicing the booming commercial solar projects in the Southwest, and an international specialist fabric manufacturer who has invested millions in setting up operations at this property.
The building is a 600,000 sf factory/warehouse (high-quality Butler Frame steel construction) built in 1998 on 35 acres with 20–34 foot clearance and 4,000 amps power.
It is located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing. It is ideally placed for distribution to southern CA.
Further details of this property can be found at http://greateryumaindustrialestate.com/
PROPERTY DETAILS - 2801 N Main St, San Luis (Yuma) AZ
FINANCIAL
Offering Price: $55,000,000
Building size: 610,412 sf
Price per square foot $90/sf
Nett Operating Income: $3,700,300 NNN + annual CPI
Lease Rate: $6.06/sf/year
Cap Rate: 6.7%
FEATURES
- Fully tenanted 600,000sf on 35 acres
- Significant tenant Investment in location
- Large upside for future rent increases
- High quality Butler Frame construction
- Ideal logistics location & transportation hub
- Served by I-8, 95, 195, rail, international airport
- Strategic Mexico Port of Entry 3 miles south
BUILDING
Building Area Unit A 128,154 sf Unit B 482,258 sf
Building Dimension Unit A 600'x200' Unit B 600'x800'
Clear height Unit A 34' Unit B 24'
Column spacing 50' x 50'
Land size 35.43 acres
Zoning: Light Industrial L1
Parcel No:. 210-25-009
Build Date 1998
Construction Butler pre-engineered steel construction
Roof Butler-MR24 insulated metal roof
Floor 6" concrete, 2500 psi
Dock doors 24 dock high doors, 3 drive-in
Power 4,000 amp, 277/480V
Sprinklers ESFR
Contact: Mark Maydahl, Ozvest Inc. (619) 807-7501 mark@ozvestproperty.com
Property Facts
Price | $55,000,000 | No. Stories | 1 |
Price Per SF | $90 | Year Built | 1998 |
Sale Type | Investment | Tenancy | Single |
Cap Rate | 6.73% | Parking Ratio | 0.17/1,000 SF |
Property Type | Industrial | Clear Ceiling Height | 34 FT |
Property Subtype | Warehouse | No. Dock-High Doors/Loading | 27 |
Building Class | A | No. Drive In / Grade-Level Doors | 3 |
Lot Size | 35.43 AC | Opportunity Zone |
Yes
|
Rentable Building Area | 610,412 SF |
Price | $55,000,000 |
Price Per SF | $90 |
Sale Type | Investment |
Cap Rate | 6.73% |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | A |
Lot Size | 35.43 AC |
Rentable Building Area | 610,412 SF |
No. Stories | 1 |
Year Built | 1998 |
Tenancy | Single |
Parking Ratio | 0.17/1,000 SF |
Clear Ceiling Height | 34 FT |
No. Dock-High Doors/Loading | 27 |
No. Drive In / Grade-Level Doors | 3 |
Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Yard
- Storage Space
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - Septic Field
PROPERTY TAXES
Parcel Number | 210-25-009 | Improvements Assessment | $463,066 |
Land Assessment | $96,114 | Total Assessment | $559,180 |
PROPERTY TAXES
Parcel Number
210-25-009
Land Assessment
$96,114
Improvements Assessment
$463,066
Total Assessment
$559,180
zoning
Zoning Code | L-1 (Light Industrial) |
L-1 (Light Industrial) |
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Greater Yuma Industrial Estate | 2801 N Main St
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