17006 Weber Dr Chandler, AZ 85226-4113

Property Details for 17006 Weber Dr

Year built

2017

Lot size

2.10 lot acres

Property size

14,161 SF

Property type

Warehouses

APN

301-85-058F

APU

30185058F

Description

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.

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Longitude

-111.97

Latitude

33.2931

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments