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Single Tenant NNN Leased Investment 3062 N Maple St

33,034 SF Industrial Building Mesa, AZ 85215 £6,776,595 (£205/SF) 6% Net Initial Yield

Investment Highlights

  • Single Tenant NNN Leased Investment with New 10 Yr Lease to be Executed at Close of Escrow
  • 5,258 SF of Office
  • 2.30 Acre parcel
  • 33,034 SF Total
  • 28' - 35' clear height
  • Fenced, secured, storage yard

Executive Summary

Cushman & Wakefield, as exclusive advisor, is please to offer the opportunity to acquire 3062 N Maple Street (the “Property”). Strategically located in the Southeast Valley submarket of Mesa, Arizona. The property is a high-quality asset totaling +/- 33,034 square foot single tenant office/warehouse building. The property features 2.30 acre parcel, 28’-35’ clear height, with 4 oversized grade level doors, and outside storage. 3062 N Maple Street provides a highly desirable location with proximity to the Loop 202, Falcon Field Airport, and ample retail amenities. Upon closing the existing owner, Flynn Group of Companies, will leaseback the building for a period of ten (10) years providing 100% occupancy with stable in-place cash flow.
The property is currently owned by Flynn Group of Companies. Founded in 1978, Flynn is the largest premier building envelope contractor in North America, offering roofing, architectural metals, glazing and roofing maintenance services to industrial, commercial, and institutional clients. Flynn currently employs 6,000employees across North America with a construction revenue of $1.12 B.

Property Facts

Price £6,776,595
Price Per SF £205
Sale Type Investment NNN
Net Initial Yield 6%
Sale Conditions Sale & Leaseback
Property Type Industrial
Property Subtype
Manufacturing
  • Showroom
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 2.30 AC
Rentable Building Area 33,034 SF
Number of Floors 1
Year Built 2003
Tenancy Single
Parking Ratio 1.33/1,000 SF
Clear Ceiling Height 28 ft
Level Access Doors 4

Amenities

  • Fenced Lot
  • Yard

Utilities

  • Lighting - Metal Halide

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
141-25-074
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£242,363

zoning

Zoning Code L-I (Light Industrial (L-I))
L-I (Light Industrial (L-I))
  • Listing ID: 32017266

  • Date on Market: 04/06/2024

  • Last Updated:

  • Address: 3062 N Maple St, Mesa, AZ 85215

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