26815 Baseline Rd Buckeye, AZ 85326-5407

Property Details for 26815 Baseline Rd

Year built

2001

Construction

CONCRETE

Lot size

10.15 lot acres

Property size

20,678 SF

Zone code

GC

Property type

Flex space

APN

401-07-002M

APU

40107002M

Description

This exceptional investment opportunity presents a sale-leaseback of a ±65,109 square foot Class B industrial building in Buckeye, Arizona. Located at 26815 W Baseline Rd, this single-tenant property boasts a 100% occupancy rate with a national credit tenant, Parker Fasteners, under a 10-year NNN lease with two 5-year options. The property, built in 2001 with renovations in 2004, 2018, and 2019, features 9 loading docks (5 dock high), up to 38-foot ceiling heights, and 76 surface parking spaces. The building is fully air-conditioned and sprinklered, equipped with substantial HVAC capacity (eighteen units totaling over 100 tons), and boasts heavy power (7,600 Amps, 3-Phase, 480V). A recent $250,000 investment upgraded the building with fiber optics. The ±10.112-acre site includes undeveloped land allowing for future expansion, with concept drawings showing potential for an additional ±130,000 square feet of building space. The asking price is $14,500,000, with a pro-forma NOI of $916,583. This sale-leaseback offers a compelling opportunity to acquire a high-quality, well-located industrial asset with a strong, long-term tenant. Operating expenses are to be determined on a cost per square foot basis. The property is currently undergoing expansion, expected to be completed in November 2024, adding to the overall square footage and further enhancing its value.

Location Insight

City

Buckeye

County

Maricopa

State

Arizona

Longitude

-112.632

Latitude

33.3767

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments