Refrigeration School Absolute
For Sale
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4210 E Washington St, Phoenix, AZ 85034
Corporate-guaranteed refrigeration training school on an absolute NNN lease with 15-year term and extension options.
Property SizeContact for details
Days on Market124
Property Features for 4210 E Washington St
General Information
Standard status
Active
Property subtype
Special Purpose
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The property is an absolute NNN investment featuring a corporate-guaranteed lease with The Refrigeration School, Inc. The tenant recently executed a brand-new 15-year lease with two additional five-year options. The rent structure includes 3% annual increases during the initial term and at the beginning of each option period. The tenant plans to invest $250,000 into tenant improvements.
The campus is located near a signalized hard corner intersection of Washington Street and South 44th Street, with a combined 51,700 VPD. The site is also described as being near Phoenix Sky Harbor International Airport and within close proximity to a Metro Light Rail Station.
The RSI facility includes two buildings with classrooms, labs, and support service facilities, along with an additional outdoor shop area of 5,000 SF. The tenant has been operating in the Phoenix market for over 50 years, offering a Refrigeration Technologies vocational HVAC training program in Arizona.
The campus is located near a signalized hard corner intersection of Washington Street and South 44th Street, with a combined 51,700 VPD. The site is also described as being near Phoenix Sky Harbor International Airport and within close proximity to a Metro Light Rail Station.
The RSI facility includes two buildings with classrooms, labs, and support service facilities, along with an additional outdoor shop area of 5,000 SF. The tenant has been operating in the Phoenix market for over 50 years, offering a Refrigeration Technologies vocational HVAC training program in Arizona.
Key Highlights
- Absolute NNN investment property with fee simple (land & building ownership) in Phoenix, Arizona
- Tenant The Refrigeration School, Inc. recently executed a brand new 15‑year lease with 2 (5‑year) extension options
- Lease includes 3% annual rental increases throughout the initial term and at the start of each option period
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Corporate-guaranteed refrigeration training school on an absolute NNN lease with 15-year term and extension options.
Where is this school located?
The property is located at 4210 E Washington St Phoenix, AZ.
What are key features of this property?
This property features: Absolute NNN investment property with fee simple (land & building ownership) in Phoenix, Arizona; Tenant The Refrigeration School, Inc. recently executed a brand new 15‑year lease with 2 (5‑year) extension options; Lease includes 3% annual rental increases throughout the initial term and at the start of each option period
