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
![8855 N Black Canyon Fwy, Phoenix, AZ for sale - Building Photo - Image 1 of 11](https://images1.loopnet.com/i2/2_nr8pPi56NHjwbPEAmYhtVKIgB6ED0Y40z_9aExMvo/110/8855-N-Black-Canyon-Fwy-Phoenix-AZ-Building-Photo-1-Large.jpg)
![8855 N Black Canyon Fwy, Phoenix, AZ for sale - Building Photo - Image 2 of 11](https://images1.loopnet.com/i2/CXlTCVONdMwjeJYDsSLscNLxthlNzGNnf74EmZT--BA/110/8855-N-Black-Canyon-Fwy-Phoenix-AZ-Building-Photo-2-Large.jpg)
![8855 N Black Canyon Fwy, Phoenix, AZ for sale - Building Photo - Image 3 of 11](https://images1.loopnet.com/i2/w30IKmfv2mzVKPOF9dd9I8RubG7G2fN8FSX7HQVq5UE/110/8855-N-Black-Canyon-Fwy-Phoenix-AZ-Building-Photo-3-Large.jpg)
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
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
1 of 1
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $0 | Total Assessment | $212,866 |
ZONING
Zoning Code | C-2, Phoenix (C-2 Commercial) |