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422 S Madison Drive

Tempe , Arizona 85281

Listing Type:
For Sale
Listing Price:
$2,595,000.00
Property Type:
Industrial
Property Subtype:
Flex Space
Year Built:
1983
Listing Status:
Active
Building Size:
22355 SqFt
Land Area:
1.29 Acres

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 = $225,224 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.
Prime A+ Location near Airport
22,355 sf office/warehouse
Between I-10, 202, & 60 Freeways
Potential for Owner/Occupant
Situated on 1.29 Acres

Presented by:

Karl  Landreneau,  CCIM, SIOR

Director of Commercial Sales and Leasing

(225) 295-0800

(225) 252-3733

Click here to email

Listed by:

Keller Williams Phoenix

Phoenix/Glendale-Peoria

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