Property profile

17006 Weber Dr Chandler, AZ 85226

OFF-MARKET
Warehouses
Property ID
US07-1917645
14,161 SF 2.1 ac lot Built 2017
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2.1-acre industrial property in Chandler, Arizona, boasts a prime location adjacent to the I-10 and 202 loop, offering unparalleled access and visibility. The property features a flex industrial building currently 100% leased under two separate NNN leases, providing a stable and high-yielding investment opportunity. One tenant, operating in the medical cannabis industry, holds a 15-year lease with options for an additional 20 years, secured by a corporate guarantee. The second tenant, also in the medical cannabis industry, has a lease expiring in 2031 with options for an additional 5 years. Both leases include a favorable 3% annual rent increase. The property generates a Net Operating Income (NOI) of approximately $1,051,476 annually. The building itself offers a versatile layout, including office space, showroom space, and warehouse space, all complemented by an oversized grade-level loading door. Ample parking is available with 80 spaces. It's important to note that the medical cannabis licenses are owned by the tenants, not included in the sale of the property. This is a rare opportunity to acquire a high-performing industrial asset with long-term, stable income streams in a rapidly growing market. The property's strategic location and strong tenant occupancy make it an ideal investment for discerning buyers seeking significant returns.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2017
Total area 14,161 SF
Lot 2.1 ac (91,428 SF)
APN 301-85-058F
UPID US07-1917645

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

17006 Weber Dr Chandler, AZ 85226-4113
Chandler metro Census 980400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.29M
Blend (final) Blend
$965k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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