4400 Industry DrSierra Vista, AZ 85635

  • Other commercial real estate
  • 26,795 SF
For Sale
$5,290,767 View listing

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
4400 Industry Dr, Sierra Vista, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,748
$77,219
$437,206
$514,425
-
$514,792
$2,914,709
$3,429,501

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