- For Sale $2,995,000
- Property Type Industrial
- Property Size 8,157 SF
- Lot Size 1 Acre
- Parking Spaces Avail. 30
- Parking Ratio 3.68 / 1,000 SF
- Year Built 1998
- Date Updated Jan 23, 2025
- Clear Height 18'
- Dock High Doors 5
- Grade Level Doors 1
- Office Area 15 %
- Electricity Service • 1200 Amps at 120/208 Volts
Description
$156,000 NOI
• 5.2% CAP Rate growing to a 5.8% CAP
• Tenant: AFX - Arizona Floral Exchange, Inc.
• New 7-Year Lease with Two 5-Year Options
• $13,000 Monthly Rent, NNN
• 3 % Annual Increases
• 4 Gravity Coil Coolers
• Fire Sprinklered
• Block Construction
• T-5 LED Lighting
• Fenced Yard
• L-I Zoning, City of Gilbert
• +1.0 Acre Parcel
• Lot Coverage: 19%
• APN# 302-11-131; 132
• Two 52’ Stationary Trailers, One Dry Storage,
One Extra Cooler When Needed
BUILDING IMPROVEMENTS
• 2019: Roof Resealed
• 2021: $50,000 Cooler, New NEC Phone System
• 2022: $15,000 Replaced/Upgraded All Warehouse & Cooler Lighting to LED
• 2023: Upgraded Loading Dock Bumpers & Receiving Stalls
False
Contacts
Chad Neppl
Citywide CRE
Location
Located at 1245 N Hobson St, Gilbert, AZ 85233, this property is part of the El Dorado Lakes neighborhood and Phoenix market.
Contact Listing Broker
Chad Neppl
Citywide CRE
