17006 S WEBER Drive, Chandler, AZ 85226
$10,799,000
Property Type:
Comm/Industry Sale
Square Footage:
16,018
Lot Size (sq. ft.):
91,428
Status:
Active
Current Price:
$10,799,000
List Date:
4/21/2025
Last Modified:
4/21/2025
Description
This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with three tenants.
Tenants pay premium rents because of the nature of the business their in, medical cannabis.
First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place.
Second tenants lease ends at 2035, but also has options for an additional 5 years. Second tenant has a personal guarantee.
Third tenants lease ends at 2035, but also has options for an additional 5 years. Third tenant has a corporate guarantee.
Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. NNN 100+ parking spots.
1031 Friendly.
More Information MLS# 6854580
Contract Info
Current Price: $10,799,000
List Price: $10,799,000
Status: Active
List Date: 2025-04-20
Ownership: Fee Simple
Location Tax Legal
House Number: 17006
Compass: S
Street Name: WEBER
St Suffix: Drive
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85226
Zip4: 4113
Country: US
County Code: Maricopa
Subdivision: PECOS INDUSTRIAL PARK
Assessor Number: 301-85-058-F
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 16018
# of Buildings: 1
Year Built: 2018
Uncvrd Parking Spcs: 100
Zoning: IND-3
Remarks Misc
Cross Street: W Fairview St
Geo Lat: 33.29291
Geo Lon: -111.970487
Status Change Info
Status Change Date: 2025-04-20
Legal Info
Lot Number: F
Bay Info
# of Bays: 1
# of Bay Doors: 1
Income Expenses
Net Operating Income: 1044000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Industrial
Business Type: Mixed; Warehouse; Other
Stories: 2 Stories
Construction: Block
Roofing: Other
Floors: Concrete
Ceiling Height: 16.1 Feet to 28 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: Drive-in Door(s)
Interior: Finished
Fencing: Chain Link
Parking Features: Free; Private
Electric: Over 220 Amp; 3 Phase Power
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: Phase I Available
Listing Office: Joseph J Kachuroi
Last Updated: April - 21 - 2025
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