2727 Grovers AvePhoenix, AZ 85053
22,706 SF Warehouse, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Recently renovated 22,706 SF industrial building on a 2.4-acre lot in Phoenix, AZ.
- Building features 18-26' clear height, 12 loading positions (8 dock-high, 4 grade-level), and a 1.3-acre secured yard. The efficient floor plan includes 20% office space and 80% warehouse space, plus a 2,218 SF mezzanine.
- Fully leased to Metronet (strong credit tenant) under a NNN lease with 5 years remaining (expiring 11/29/2029) and 3.5% annual rent increases.
- Prime Deer Valley location with I-17 freeway access; 0% vacancy rate for comparable properties. Metronet's recent acquisition by T-Mobile and KKR further strengthens the investment.
- $7,582,000 asking price; $435,955 NOI; 5.75% cap rate.
Property Details for 2727 Grovers Ave
- Property type
- Warehouses, Industrial properties
- Square Feet
- 22,706 SF
- Year Built/Renovated
- 1985/2024
- Lot Size (sq. ft)
- 104,544 SF
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.6470526
- Longitude
- -112.1186065
Nearby Similar for Sale
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