For Sale
$2,884,615

655 20Th StYuma, AZ 85365

25,000 SF Warehouse, 7.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 25,000 SF warehouse leased to Custom Truck One Source, a leading specialty equipment provider with $1.865B in 2023 revenue.
  • Recently renewed five-year NNN lease with 3% annual rent increases.
  • Over $500,000 in scheduled property improvements.
  • Located three miles from Yuma International Airport.
  • Strong demographics: 100,000+ residents within a five-mile radius.

Property Details for 655 20Th St

Property type
Warehouses, Industrial properties
Square Feet
25,000 SF
Year Built/Renovated
1966/2017
Buildings
1
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Yuma
County
Yuma
State
Arizona
Latitude
32.6908865
Longitude
-114.6117564
655 20Th St, Yuma, Arizona

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655 20Th St
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