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Greater Yuma Industrial Estate 2801 N Main St

610,412 SF 4-Star Industrial Building San Luis, AZ 85349 $77,958,102 CAD ($128 CAD/SF) 6.73% Cap Rate

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Investment Highlights

Fully tenanted with NNN leases that have annual CPI increases.
It is ideally placed for distribution to southern CA.

Located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing.

Executive Summary

EXECUTIVE SUMMARY
2801 N Main Street, San Luis (Yuma) AZ is a premium investment for sale at $55M giving a 6.7% cap rate on NOI of $3.7M. It is fully tenanted with NNN leases that have annual CPI increases. There is significant upside for future market rental increases. Some vendor finance could be available.
The tenants are an international logistic company servicing the booming commercial solar projects in the Southwest, and an international specialist fabric manufacturer who has invested millions in setting up operations at this property.
The building is a 600,000 sf factory/warehouse (high-quality Butler Frame steel construction) built in 1998 on 35 acres with 20–34 foot clearance and 4,000 amps power.
It is located in low-cost AZ at the AZ-CA-MX corner only 3 miles from the Mexico port of entry border crossing. It is ideally placed for distribution to southern CA.
Further details of this property can be found at http://greateryumaindustrialestate.com/
PROPERTY DETAILS - 2801 N Main St, San Luis (Yuma) AZ
FINANCIAL
Offering Price: $55,000,000
Building size: 610,412 sf
Price per square foot $90/sf
Nett Operating Income: $3,700,300 NNN + annual CPI
Lease Rate: $6.06/sf/year
Cap Rate: 6.7%

FEATURES
- Fully tenanted 600,000sf on 35 acres
- Significant tenant Investment in location
- Large upside for future rent increases
- High quality Butler Frame construction
- Ideal logistics location & transportation hub
- Served by I-8, 95, 195, rail, international airport
- Strategic Mexico Port of Entry 3 miles south

BUILDING
Building Area Unit A 128,154 sf Unit B 482,258 sf
Building Dimension Unit A 600'x200' Unit B 600'x800'
Clear height Unit A 34' Unit B 24'
Column spacing 50' x 50'
Land size 35.43 acres
Zoning: Light Industrial L1
Parcel No:. 210-25-009
Build Date 1998
Construction Butler pre-engineered steel construction
Roof Butler-MR24 insulated metal roof
Floor 6" concrete, 2500 psi
Dock doors 24 dock high doors, 3 drive-in
Power 4,000 amp, 277/480V
Sprinklers ESFR
Contact: Mark Maydahl, Ozvest Inc. (619) 807-7501 mark@ozvestproperty.com

Property Facts

Price	$77,958,102 CAD	No. Stories	1
Price Per SF	$128 CAD	Year Built	1998
Sale Type	Investment	Tenancy	Single
Cap Rate	6.73%	Parking Ratio	0.17/1,000 SF
Property Type	Industrial	Clear Ceiling Height	34 ft
Property Subtype	Warehouse	No. Dock-High Doors/Loading	27
Building Class	A	No. Drive In / Grade-Level Doors	3
Lot Size	35.43 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	610,412 SF

Price	$77,958,102 CAD
Price Per SF	$128 CAD
Sale Type	Investment
Cap Rate	6.73%
Property Type	Industrial
Property Subtype	Warehouse
Building Class	A
Lot Size	35.43 AC
Rentable Building Area	610,412 SF
No. Stories	1
Year Built	1998
Tenancy	Single
Parking Ratio	0.17/1,000 SF
Clear Ceiling Height	34 ft
No. Dock-High Doors/Loading	27
No. Drive In / Grade-Level Doors	3
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.