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Key Details
Sold Price $3,038,880
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Estrella Gin Business Park
MLS Listing ID 6156602
Sold Date 05/13/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2021
Annual Tax Amount $56
Tax Year 2019
Lot Size 1.000 Acres
Acres 1.0
Property Description
This is a prime investment opportunity with a great tenant in place for occupancy as construction of the building is complete in May of 22'. Very strong tenant has a 7 year NNN lease in place with annual escalations and two, five year options to renew.
Estrella Gin Business Park, Maricopa, AZ 85139
Lease space and Build To Suit available across multiple product types
Office, 1,500 - 100,000+ sqft $28-$32 psf, Vanilla Shell
Flex/Manufacturing/Retail, 2,500 - 150,000+ sqft $18-$23 psf, Grey Shell
Warehouse/Distribution 10,000 - 80,000 sqft $8-$9 psf, Dark Shell
See more.... for more information This is a prime investment opportunity with a great tenant in place for occupancy as construction of the building is complete. Infrastructure construction to start in January 2021 with construction of this building to follow directly behind the infrastructure and utilities. Very strong tenant has a 7 year NNN lease in place with annual escalations and two, five year options to renew. In addition to this office building, construction on one of the Flex-Office Buildings along the East side of the property will also commence in 2021, probably quarter 2.
Estrella Gin Business Park, Maricopa, AZ 85139
Lease space and Build To Suit available across multiple product types
Office, 1,500 - 100,000+ sqft $28-$32 psf, Vanilla Shell
Flex/Manufacturing/Retail, 2,500 - 150,000+ sqft $18-$23 psf, Grey Shell
Warehouse/Distribution 10,000 - 80,000 sqft $8-$9 psf, Dark Shell
Office Building A2 is also for Sale as an investment with a tenant on 7 year lease with 2 extension options.
The Estrella Gin Business Park Site is a 30+ acre, city and privately owned group of parcels located just west of the intersection of Edison Road and Roosevelt Avenue. Edison Road has been extended through the site to provide access to Highway 238 & John Wayne Parkway. The Maricopa City Council has approved the extension of a 16" water main down Highway 238 west of its present location another three miles, which will allow for similar services to this site.
The Zoning of Light Industrial and the City of Maricopa's desire for Office, Flex, and Industrial space availability will allow for a very diverse set of uses. The city has already completed a fire station on the South West end of Estrella Gin Business Park and has a Public Works Building under construction.
Lot size:
+/- 32 Acre Development
Cross Streets:
Just west of the intersection of Edison Road and Roosevelt Avenue
The ideal location for your business to locate in the Maricopa and Pinal County areas. With a lack of Office, Flex/Manufacturing, & Warehouse/Distribution space available for build to suit or lease opportunities, The Estrella Gin Business Park is the perfect location for your business needs. With over 50% of the population within 15 minute drive having to commute for over 30 minutes, there is over 10,000 ACS Workers Age 16+ wishing there was better employment located right here in the City of Maricopa instead of 30 minutes away
Location
State AZ
County Pinal
Community Estrella Gin Business Park
Zoning Light Industria
Direction West from John Wayne Parkway & Edison to Estrella Parkway. Building to be on the NWC of this intersection.
Interior
Heating Electric
Cooling Central A/C
Flooring Concrete
Exterior
Garage Public Parking
Fence None
Waterfront No
Roof Type Foam, Other, See Remarks
Present Use Mixed Use, Office
Parking Type Public Parking
Total Parking Spaces 1375
Building
Sewer Public Sewer
Water Private Franchise
Others
Senior Community No
Tax ID 510-17-018
Financing Cash
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Bought with Non-MLS Office