8966 Cactus RdPeoria, AZ 85381
- Flex space
- 19,860 SF
Property Details for 8966 Cactus Rd
- Year built
- 2007
- Construction
- CONCRETE
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 19,860 SF
- Zone code
- PAD
- Property type
- Flex space
- APN
- 200-97-418
- APU
- 20097418
Description
This exceptional 19,955-square-foot industrial manufacturing facility, located at 8966 W Cactus Rd in Peoria, Arizona (zip code 85381), presents a compelling investment opportunity. Built in 2007, the property sits on a 54,580-square-foot lot and boasts an 18-foot ceiling height, three loading docks, and two dock-high doors. The property features ample parking (3 spaces per 1,000 square feet) and benefits from convenient access to major freeways, including the Loop 101 and US-60. Currently leased under a triple-net (NNN) lease agreement with a tenant in the firearms retail industry, the lease has approximately 1.9 years remaining, expiring October 31, 2026. The property is zoned PAD and offers grade-level doors and common truckwells. The asking price is $3,700,000, translating to $185 per square foot. This represents an estate sale priced for a quick sale. The property's prime location within the Empire Business Center in Peoria ensures strong tenant demand and potential for future appreciation. This is an exceptional opportunity to acquire a stable, income-producing asset with minimal landlord responsibilities.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $5,446,122
- Hospitality
- $4,988,619
- Educational
- $4,150,472
- Medical
- $4,293,214
- Retail
- $6,456,290
Location Insight
- City
- Peoria
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.5961
- Longitude
- -112.252
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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