First Impression Ironworks
1440 N Mondel Dr
Gilbert
,
AZ 85233-1206
First Impression Ironworks - Industrial for sale
Overview
JLL is pleased to offer for sale the fee-simple interest in 4 industrial buildings located adjacent to each other in Gilbert, AZ, leased to First Impression Ironworks. Owner user buildings with yard space are in high demand, with market comparables trading over $120/SF.
Investment Highlights
• 31,617 square feet of industrial space in 4 buildings situated on 3.11 acres with rare yard space
• Absolute NNN lease with no landlord responsibilities
• Tenant has 0.9 years of lease term remaining with 3, 1-year renewal options. Tenant must provide renewal notice 120 days prior to lease expiration
• Incredibly low industrial market vacancy of 2.5% across 2,620,000 SF
• Prime growing Gilbert market with great highway access to U.S. 60, Loop 101, Loop 202
• Highly sought-after area for Owner - Users willing to pay a premium to purchase existing properties with yard space
• Absolute NNN lease with no landlord responsibilities
• Tenant has 0.9 years of lease term remaining with 3, 1-year renewal options. Tenant must provide renewal notice 120 days prior to lease expiration
• Incredibly low industrial market vacancy of 2.5% across 2,620,000 SF
• Prime growing Gilbert market with great highway access to U.S. 60, Loop 101, Loop 202
• Highly sought-after area for Owner - Users willing to pay a premium to purchase existing properties with yard space
General | |
Property Type | Industrial |
Property Subtype | Light Manufacturing |
Tenure Type | Sale / Purchase |
Property Address | 1440 N Mondel Dr, Gilbert, AZ 85233-1206 |
Land In Acres | 3.11 |
Building Size | 31,617 ft2 |
Financial | |
Price | 3,850,000 |
Cap Rate | 6.99% |
Current NOI | $268,992.00 |
Lease | |
Tenant's Name | First Impression Iron Works, Incorporated |
Lease Expiration Date | 07/11/2019 |
Remaining Term | 0.4Yrs |
Download Offering Memorandum
Presented By
-
Primary Contact
- Peter Bauman
- License No.: AZ - SA647389000
- peter.bauman@am.jll.com
- +1 602 282 6289
-
Secondary Contact
- Tivon Moffitt
- License No.: AZ - BR639369000; NE - 20170674; NC - LC673
- tivon.moffitt@am.jll.com
- +1 602 282 6348
-
Broker of Record
- Peter Bauman
- License No.: AZ - SA647389000
- peter.bauman@am.jll.com
- +1 602 282 6289
Other properties you may be interested in
-
Identity Group - Net Lease Industrial Portfolio
Various - See Om For Details
, TNType(s): IndustrialTenure(s): Sale / PurchasePrice ($USD): 8,000,000Space Available: 200,749 ft2 -
Bob's Discount Furniture - Stoughton, MA
601 Technology Center Dr
Stoughton, MA 02072-4719Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 9,390,000Space Available: 34,136 ft2 -
Walgreens - Fall River, MA
328 Rhode Island Ave
Fall River, MA 02721-2330Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 8,050,000Space Available: 14,820 ft2 -
Walgreens - East Providence
600 Warren Ave
East Providence, RI 02914-2808Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 3,790,850Space Available: 16,657 ft2 -
Walgreens & Bank of America - Londonderry, NH
131 Nashua Rd
Londonderry, NH 03053-3604Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 8,375,000Space Available: Contact Us -
Bob's Discount Furniture
515 Boston Post Rd
Orange, CT 06477-3509Type(s): RetailTenure(s): Sale / PurchasePrice ($USD): 6,588,000Space Available: 28,024 ft2