422 South Madison Drive, Tempe, AZ

Industrial for Sale - $2,595,000 - 22,355 Sq. Ft. on 1.29 acres


Agent Info

Andrew Ostrander
KW Professional Partners - KW Commercial

Property Info

CIMLS#1051403
Location
  422 South Madison Drive
  Tempe AZ 85281
UpdatedMarch 11th, 2020
TypeIndustrial
Price$2,595,000
Building22,355 Sq. Ft.
Land1.29 acres

Contact


Property Description

Prime A+ location industrial near Phoenix Sky Harbor Airport between I-10, 202, 143, and 60 freeways. Current tenant leased thru 3/2020 (NOI = $226,034 is an 8.68%+ CAP) but vacated so opportunity to raise rents with new tenant or perfect for a new owner/occupant. Could even be excellent opportunity for an owner to occupy the office space in Suite 1 and lease the rest? Many options for this excellent industrial property.