SVN RealStar Advisors is pleased to offer for sale the fee simple interest (land & building) in a freestanding, NNN lease single tenant, , Flex / R & D / Industrial Property with Class A finishes, located in Tempe, AZ. The current national tenant has recently renewed a 5-year lease.

Pending market conditions, the buyer has the opportunity to pro forma the 16,000 SF Class A asset return to a cash on cash return at year 6 of approximately 8% to 10% and a year 10 IRR of approximately 14% to 16%.

The current tenant also leases approximately 10,000 square feet of office space in an adjacent building. The tenant has stated its intent to stay in the building, if that benefits the buyer, and to negotiate a new lease term.

The property is near the intersection of Elliot Road and Priest Drive in Tempe, Arizona. The subject property is part of the 258,000/SF Tempe Business Center. The property features grade level loading with an optional truck well. The I-10 freeway is less than a mile from the building. Sky Harbor International Airport is a ten minute drive from the property. There are numerous restaurants, hotels and retail stores located within a one mile radius of the subject property.

The tenant is a tenured company founded in 1996 with a world wide track record, over 25 years of documented studies, and the only company in the world providing the cranial technology services for infants born with plagiocephaly. This state of the art technology is imperative to ensuring a child

Sales Info:

>> Commision split: 50.0%

>> NOI: $216000