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    Fully Leased Multi-Tenant Office Building Title is generated by Realmo AI

    1891 N Trekell Rd, Casa Grande, AZ 85122

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    4,188 SF office building in growing Casa Grande, Arizona.

    Type:Industrial
    Property size:
    4,188 SF
    Price / SF:
    $165/SF
    Added:
    Dec 11, 2024
    Days on Market:
    573
    Last Refresh:
    Jun 21 at 10:57 pm

    Property Features for 1891 N Trekell Rd

    General Information

    Standard status
    Active
    Size
    4,188 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1996

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    Sarge Glenn
    Sarge Glenn

    Listing office Commercial Properties Inc Tempe

    Listing date Dec 11, 2024

    Source Crexi

    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 Commercial Properties Inc Tempe

    HighLights

    • Fully leased 4,188 SF multi‑tenant office building provides immediate cash flow.
    • Located in rapidly growing Casa Grande, offering potential for property appreciation.
    • One tenant's lease extends until June 2026, ensuring long‑term income stability.
    • Two tenants on month‑to‑month leases provide flexibility for rent adjustments.
    • Well‑maintained property minimizes immediate capital expenditures.
    • Built in 1996.

    Overview

    This 4,188 SF multi-tenant office building is fully leased, providing immediate cash flow. Two tenants are currently on month-to-month leases, offering flexibility for rent adjustments. The third tenant’s lease extends until June 2026, ensuring long-term stability. This well-maintained property minimizes the need for immediate capital expenditures. The property is located in Casa Grande, Arizona, a city experiencing rapid growth and development, enhancing the investment’s potential for appreciation.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $97.5k $23.28
    − Vacancy −$20.5k −$4.89
    EGI $77.0k $18.39
    − OpEx −$19.3k −$4.60
    NOI $57.8k $13.79
    4,188 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $825.2K
    $722.1K – $962.8K (±1% cap)
    NOI $57,767 @ 7.0% cap · market cap 8.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.01M – $1.35M (±1% cap)
    NOI $81,047 @ 7.0% cap · market cap 11.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alexander Law Offices Law Firm Jenkins Chiropractic Alternative Medicine Practice Casa Grande Accident ... Alternative Medicine Practice Dub Hair Studio Hair Salon Dr. Sean Jenkins, ... Alternative Medicine Practice

    Suggested Use

    Kitchen & Bath Showroom HVAC Service Hotel & Motel Computer & Electronic Repair Parking Lot & Garage Electrical Service Restaurant Discount Store Tech Support Center Cosmetic Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.7403436
    Latitude
    32.9045724

    FAQs

    What type of property is this?
    Office building - 4,188 SF office building in growing Casa Grande, Arizona.
    Where is this office building located?
    The property is located at 1891 N Trekell Rd Casa Grande, AZ.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Fully leased 4,188 SF multi‑tenant office building provides immediate cash flow.; Located in rapidly growing Casa Grande, offering potential for property appreciation.; One tenant's lease extends until June 2026, ensuring long‑term income stability.
    More about this property
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