For Sale
$10,499,000

17006 Weber Dr Chandler, AZ 85226

Prime I-10 location, strong NNN leases.

Overview

Added:
Feb 3
Days on market:
84
This exceptional 2.1-acre industrial property in Chandler, Arizona, boasts a prime location adjacent to the I-10 and 202 loop, offering unparalleled access and visibility. The property features a flex industrial building currently 100% leased under two separate NNN leases, providing a stable and high-yielding investment opportunity. One tenant, operating in the medical cannabis industry, holds a 15-year lease with options for an additional 20 years, secured by a corporate guarantee. The second tenant, also in the medical cannabis industry, has a lease expiring in 2031 with options for an additional 5 years. Both leases include a favorable 3% annual rent increase. The property generates a Net Operating Income (NOI) of approximately $1,051,476 annually. The building itself offers a versatile layout, including office space, showroom space, and warehouse space, all complemented by an oversized grade-level loading door. Ample parking is available with 80 spaces. It's important to note that the medical cannabis licenses are owned by the tenants, not included in the sale of the property. This is a rare opportunity to acquire a high-performing industrial asset with long-term, stable income streams in a rapidly growing market. The property's strategic location and strong tenant occupancy make it an ideal investment for discerning buyers seeking significant returns.

Property Details for 17006 Weber Dr

Property type
Commercial real estate
Year Built
2018
Lot Size (sq. ft)
91,476 SF

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.2928
Longitude
-111.9705

FAQs

What type of property is this?
Commercial real estate - Prime I-10 location, strong NNN leases.
Where is the commercial real estate located?
The property is located at 17006 Weber Dr Chandler, AZ.
What is the asking price?
The asking price for this property is $10,499,000.
How can I contact the broker?
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17006 Weber Dr
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