2350 Holly StPhoenix, AZ 85009

This exceptional value-add industrial property, located at 2350 W Holly St, Phoenix, AZ 85009, presents a compelling investment opportunity. The 16,200 square foot building sits on a 38,332 square foot lot (APN: 110-50-006B) and is zoned A-2. Currently boasting 100% occupancy with eight tenants under gross lease agreements, the property generates a strong net operating income (NOI) of $186,966, yielding a 5.90% cap rate. The asking price is $3,190,000. Built in 1968, this Class C multi-tenant distribution, warehouse, and manufacturing facility has undergone significant improvements. These include a fully repaired and coated roof, a repaired and coated parking lot, and the addition of electrical sub-meters to individual suites. Several suites also feature new mini-split units. The property benefits from a large secured yard with excellent street frontage and enjoys easy access to major transportation arteries, including I-10, I-17, and US-60. This property offers a rare combination of strong current income and significant upside potential for future value appreciation. The property's location, improvements, and high occupancy make it an ideal investment for both seasoned investors and owner-users seeking a strategic foothold in the Phoenix market.