1911 W CHERYL Drive, Phoenix, AZ 85021

$2,200,000
Property Type: Comm/Industry Sale Square Footage: 9,029 Lot Size (sq. ft.): 20,371 Status: Closed
Current Price: $2,200,000 List Date: 8/06/2024 Last Modified: 4/08/2025

Overview

Description

Fully renovated building (2023) with a fully NNN lease in place for 10 years with 2 five year options and 3.5% yearly increases. Tenant is investing approximately $100,000 in building improvements including a paint booth and bringing gas into the building. Please do not disturb current tenant.

Listing Details MLS# 6740428

Location, Tax & Legal

House Number
1911
Compass
W
Street Name
CHERYL
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85021
Zip4
1913
Country
US
County Code
Maricopa
Assessor Number
149-10-010-F
Tax Year
2023
Assessor's Map #
10
Legal Description (Abbrev)
BEG NE COR SE4 NE4 TH W 190F S 40F TO TPOB TH W 140F S 145.01F E 140F N 145.01F TO TPOB
Assessor's Parcel #
10
Assessor Parcel Ltr
F
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
104402
Taxes
11218
Legal
BEG NE COR SE4 NE4 TH W 190F S 40F TO TPOB TH W 140F S 145.01F E 140F N 145.01F TO TPOB
Marketing Name
Absolute NNN Lease

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Flex warehouse
Ttl Apx SqFt Bldg
9029
# of Buildings
Yes
Year Built
1983
Volts/Amps
400
Uncvrd Parking Spcs
18
Zoning
C-3
Flood Zone
No

Remarks Misc

Cross Street
19th Ave & Peoria
Directions
From 19th Ave and Peoria, head south then W on Cheryl, building is on the south side.

Status Change Info

Off Market Date
2024-11-29
Under Contract Date
2024-10-02
Close of Escrow Date
2024-11-28

Legal Info

Township
3N
Range
2E
Section
25

More Information

Bay Info

# of Bay Doors
Yes

Income Expenses

Net Operating Income
146269

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

Sold Info

Loan Type
SBA
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Rolled
Yes

Floors

Concrete
Yes
Vinyl
Yes
Carpet
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
11218
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Industrial
Yes
Office
Yes

Business Type

Automobile
Yes
Professional/Office
Yes
Warehouse
Yes

Stories

2 Stories
Yes

Pmt & Rate Info

Cap Rate
6.25
Equity
2340316
Total Owed
0

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes
16.1 Feet to 28 Feet
Yes

Heating

Electric
Yes
Office Heated
Yes
2 or More Units
Yes

Cooling

Office A/C
Yes

Interior Features

Finished
Yes
Security Light(s)
Yes
Private Restrooms
Yes

Loading Facilities

Drive-in Door(s)
Yes

Road Surface Type

Asphalt
Yes

Exterior

Landscaping
Yes
Storage Yard
Yes
Curb(s) & Gutter(s)
Yes
Building Sign
Yes
Security Light(s)
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

25,001 to 35,000
Yes

Fencing

Block
Yes
Security
Yes

Water Source

City Franchise
Yes
Irrigation
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Building Features

Conference Room
Yes
Showroom
Yes
Skylight(s)
Yes
Security Gate
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fenced
Yes

Electric

APS
Yes
Over 220 Amp
Yes

Gas

None
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Use Restrictions

Currently Leased
Yes
Existing Easement(s)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Phase I Available
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial; Industrial; Office Business Type: Automobile; Professional/Office; Warehouse Stories: 2 Stories Construction: Block Roofing: Rolled Floors: Concrete; Vinyl; Carpet Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Heating: Office Heated; 2 or More Units Cooling: Office A/C Loading Facilities: Drive-in Door(s) Interior Features: Finished; Security Light(s); Private Restrooms Exterior: Landscaping; Storage Yard; Curb(s) & Gutter(s); Building Sign; Security Light(s) Fencing: Block; Security Building Features: Conference Room; Showroom; Skylight(s); Security Gate Parking Features: Fenced Electric: APS; Over 220 Amp Gas: None Water Source: City Franchise; Irrigation Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Showing Notification Methods: Text; Phone Call Lockbox Type: None Special: Owner/Agent Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 25,001 to 35,000 Use Restrictions: Currently Leased; Existing Easement(s) Environmental: Phase I Available
IDX
Listing Office: My Home Group Real Estate
Last Updated: April - 08 - 2025
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