422 South Madison Drive, Tempe, AZ
Industrial for Sale - $2,595,000 - 22,355 Sq. Ft. on 1.29 acres
Property Info
| CIMLS# | 1051403 |
| Location 422 South Madison Drive Tempe AZ 85281 | |
| Updated | September 23rd, 2020 |
| Type | Industrial |
| Price | $2,595,000 |
| Building | 22,355 Sq. Ft. |
| Land | 1.29 acres |
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.