Floorworks 8855 N Black Canyon Fwy

20,700 SF 100% Leased Industrial Building Phoenix, AZ 85021 $4,000,000 ($193/SF) 6.28% Cap Rate

INVESTMENT HIGHLIGHTS

  • 3% Annual Increases
  • Frontage I-17 Freeway
  • Creditworthy Tenant

EXECUTIVE SUMMARY

+/- 20,700 SF
1.29 Acres
NNN Lease Structure
12 Month NOI: +/- $251,000
3% Annual Increases
Creditworthy Tenant
WALT: +/-3.5 Years
1 Oversized Grade Level Door (12'x14')
1 Dock High Door
Fenced & Secured Yard
24' Clear Height
EVAP Cooled Warehouse Space
Frontage to I-17 Freeway
Immediate Freeway Access in all Directions
Located near Metrocenter Redevelopment

PROPERTY FACTS

Price $4,000,000
Price Per SF $193
Sale Type Investment NNN
Cap Rate 6.28%
Property Type Industrial
Building Class C
Lot Size 1.29 AC
Rentable Building Area 20,700 SF
No. Stories 2
Year Built 1980
Parking Ratio 2.9/1,000 SF
Clear Ceiling Height 24’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

AMENITIES

  • Fenced Lot
  • Fitness Center
  • Air Conditioning

UTILITIES

  • Lighting
  • Water
  • Sewer

PROPERTY TAXES

ZONING

Zoning Code C-2, Phoenix (C-2 Commercial)
  • Listing ID: 34626065

  • Date on Market: 1/28/2025

  • Last Updated:

  • Address: 8855 N Black Canyon Fwy, Phoenix, AZ 85021