4400 Industry DrSierra Vista, AZ 85635
- Other commercial real estate
- 26,795 SF
Property Details for 4400 Industry Dr
- Year built
- 2015
- Lot size
- 5.91 AC
- Property size (Sq ft)
- 26,795 SF
- Property type
- Other commercial real estate
- APN
- 107-16-068A
- APU
- 10716068A
Description
This exceptional investment opportunity presents a fee-simple interest in a 26,795-square-foot FedEx Ground distribution warehouse in Sierra Vista, Arizona. Built in 2015, this property boasts a 6.00% cap rate and a strong net operating income (NOI) of $317,446. The property sits on a 5.9-acre lot and features 15 dock-high doors and a 24.5-foot ceiling height. FedEx operates under a triple-net (NNN) lease with minimal landlord responsibilities (roof and structure only), providing passive income generation. The current lease, with a remaining term of 5.8 years, includes a five-year renewal option with a 5% rent increase. The strategic location, less than 1,000 feet from US Highway 90, provides excellent access to Interstate 10, connecting to major markets like Tucson, Phoenix, and El Paso. The property's proximity to Fort Huachuca further enhances its value. The Sierra Vista submarket demonstrates strong performance with a low vacancy rate and consistent rent growth. This investment is backed by FedEx's investment-grade credit rating and their commitment to the property, evidenced by a recent lease extension. The property's design as a distribution warehouse makes it resilient to shifts in the retail landscape. The asking price is $5,290,767.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $3,038,903
- Hospitality
- $2,783,619
- Educational
- $2,315,938
- Medical
- $2,395,587
- Retail
- $3,602,571
Location Insight
- City
- Sierra Vista
- County
- Cochise
- State
- Arizona
- Latitude
- 31.5651
- Longitude
- -110.252
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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