Industrial Space Overview
This extremely rare industrial property in Southwest Valley, Phoenix, Arizona, presents a fantastic single-tenant absolute NNN sale leaseback opportunity. ATI Windows, a regional window manufacturer, will occupy the property and sign a 7-year absolute NNN lease with 3% annual increases, ensuring a reliable and passive income stream for investors. The surge in tenant demand has significantly increased industrial rental rates in Phoenix, reaching an average of $1.13 per square foot NNN in the valley. Experts predict this trend will continue with a 39.3% increase expected over the next five years, further enhancing the investment potential of this property. The building is highly adaptable for a single tenant, featuring a secure cement yard with a covered canopy for storage, multiple dock high and grade level doors, impressive clear height, overhead cranes, and plentiful power. It provides the flexibility to expand the property to up to 100,000 square feet.
