655 20Th St Yuma, AZ 85365

This exceptional investment opportunity presents a 25,000-square-foot warehouse in Yuma, Arizona, currently leased to Custom Truck One Source, a leading provider of specialty equipment. The property, situated on 1.13 acres at 655 E 20th St, Yuma, AZ 85365, boasts a strong 5-year net lease (NNN) with 3% annual rent bumps and two, three-year renewal options at fair market value. The lease commenced June 30, 2024, and expires June 29, 2029, offering a remaining lease term of approximately 4.6 years. Built in 1966 and renovated in 2017, the building features metal construction with a brick façade, two drive-in doors, one sliding door, and an asphalt parking lot. The property is currently undergoing over $500,000 in improvements to expand air-conditioned/HVAC spaces. With a current NOI of $206,250 and a pro-forma NOI of $212,438, the property offers a compelling 7.15% cap rate and a pro-forma cap rate of 7.36%. The asking price is $2,884,615, translating to $115.38 per square foot and $58.60 per square foot for land value. The property's location offers easy access to major transportation routes and benefits from Yuma's growing economy, driven by agriculture, defense, and tourism. The tenant's strong financial performance and long-term lease provide a secure and attractive investment opportunity. APN: 665-53-072.