2323 W. Van Buren Street, Phoenix, AZ
Retail for Sale - $740,000 - 17,972 Sq. Ft. on 1 acres
Property Info
| CIMLS# | 740825 |
| Location 2323 W. Van Buren Street Phoenix AZ 85009 | |
| Updated | August 23rd, 2014 |
| Type | Retail |
| Price | $740,000 |
| Building | 17,972 Sq. Ft. |
| Land | 1 acres |
Property Description
Investment property 100% occupied. 2 tenants, Largest is auto body shop 8 yrs remaining on NNN lease. Current rent $.29 per sf per month,increase in 3 yrs. 2nd tenant auto repair; lease is up for renewal 2015. Modified lease; landlord pays real estate taxes & repair on exterior of building. Current rent $.17 per sf per month. The entire property contains 3 buildings on 28,871 sf lot. Buildings constructed from 1941 to 1980. Body shop occupies 2 buildings,11,940 sf on 20,662 sf of land.Part of body shop land is secured parking for autos to be worked on. Repair shop occupies 1 building 6,032 sf on 8,209 sf of land. The 16 parking spots in front of buildings is a city easement. Owner responsible to maintain parking
Financials
Two tenants: Auto Body Shop 8 years remaining on lease.
Auto Repair shop lease is up for renewal 2015.
The 2013 NOI $50,305
Contact John Miller, CCIM at 602-228-6150