For Sale
$7,900,000

17667 91St AvePeoria, AZ 85382

Fully occupied, high-demand school campus.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, 30,604 square foot school facility situated on a 4.28-acre lot in Peoria, Arizona. The property, located at 17667 N 91st Avenue, boasts four single-story buildings constructed in 2005 and features classrooms, administrative space, and a large multipurpose room. Ample outdoor space and parking are also available. The property is ideally positioned just west of AZ State Route 101, at the corner of North 91st Avenue and West Greenbriar Drive, benefiting from excellent visibility and accessibility. Currently operating under a triple net (NNN) lease with a remaining term of approximately 1.6 years, the property offers a strong 7.59% cap rate and a net operating income (NOI) of $600,000. The lease commenced on December 31, 2015, and is set to expire on June 29, 2026. The property is zoned O-1 and features attractive building architecture and impressive campus grounds. With a price per square foot of $258.14, this is a rare opportunity to acquire a high-performing asset in a sought-after market segment. The property's strong tenant occupancy (100%) and lease terms provide a stable and predictable income stream. The Maricopa County location and the property's size (APN: 200-42-988) further enhance its investment appeal.

Highlights

  • Strong market demand with limited competition.
  • Attractive building and expansive campus with prominent 91st Avenue frontage.
  • Lease term: approximately 5.5 years remaining (as of 01/01/2021).
  • Annual rent escalations.
  • 30,604 SF school building.
  • 4.28-acre site (approx. 186,500 SF).

Property Details for 17667 91St Ave

Property type
Specialty properties, Schools
Square Feet
30,604 SF
Year Built
2005
Buildings
4
Stories
1
Lot Size (sq. ft)
186,437 SF

Location Insight

City
Peoria
County
Maricopa
State
Arizona
Latitude
33.6442414
Longitude
-112.2543523
17667 91St Ave, Peoria, Arizona

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17667 91St Ave
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