4525 E MCDOWELL RD - LoopNet€¦ · 4525 E McDowell Rd Phoenix, AZ 85008 Sale Price / Cap Rate...

4525 E MCDOWELL RDPHOENIX, AZ 85008

INVESTMENT OFFERING

Address 4525 E McDowell RdPhoenix, AZ 85008

Sale Price / Cap Rate $4,534,548 / 7.00%Price / SF $101.24NOI $317,418.42Current Occupancy 100% OccupiedBuilding Size ±44,789 SFYard Size ±20,000 SFZoning C-2

PROJECT SUMMARY

E McDowell Rd

48th

St

E McDowell Rd

44th

St

SUBJECT

DISCLAIMERThe information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representation about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to prior sale, lease, or withdrawal from the market without prior notice.Effective 02 20 19

Matt McOmberD 480.634.2321 M 480.275.0227 [email protected]

Exclusive Contacts:David BeanD 480.214.1105M [email protected]

Leroy BreinholtD 480.966.6593M [email protected]

Cory SposiD 480.621.4025M [email protected]

Cory BreinholtD 480.889.2569M [email protected]

E McDow

ell Rd

Will

etta

St

Property Photos

E McDowell Rd

Space Amenities• ±44,789 SF Building• 1,600 A, 277/480V, 3P• 16’ Clear Height• 3/1,000 Parking• Skylights• New Lighting in Warehouse• New Foamed Roof

• Grade Level 12’ x 20’ Door• Evap Cooled Warehouse• A/C for ±2,000 SF Office• Monitored Fire Sprinklers• Fog Sealed Parking Lot• C-2 Zoned


David BeanD 480.214.1105M [email protected]




4525 E MCDOWELL RD • PHOENIX, AZ INVESTMENT OFFERING

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Tenant Profile

Tenant Window DepotLease Start February 01, 2017Lease Expiration January 31, 2022Lease Rate $8.40Lease Type NNNAnnual Increase Rate 3%Lease Size ±19,250 SF

“In 2002 The Window Depot changed the way America buys windows by providing the absolute lowest price and best service in town. Since opening our doors, our customers asked us to expand our business from just windows. Now we are definitely “More Than a Window Store”. We stock windows, doors, skylights, molding, granite and quartz countertops, locks, sinks and much more. In addition we have items available for special order at all of our locations including bathroom cabinets, kitchen cabinets, doors, windows and more. We pride ourselves in providing the best price, biggest inventory and an exceptional customer experience!” The Window Depot







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Tenant Profile

Tenant LyftLease Start February 04, 2019Lease Expiration February 28, 2022Lease Term 36 MonthsLease Options Two (2), Three (3) Yr Renewal OptionsLease Size ±25,539 SF

Current Lease Period (months 1-36)

Months Annual Base Rent/PSF Annual Base Rent Monthly Base Rent1-12 $7.44 $190,010.16 $15,834.1813-24 $7.66 $195,628.74 $16,302.4025-36 $7.89 $201,502.71 $16,791.89

Tenant shall receive an abatement of Base Rent, Operating Expenses, & Real Estate taxes for the first thirty (30) days of the Term.

1st Extension Period Renewal Option (months 37-72)


2nd Extension Period Renewal Option (months 73-108)


Lyft is an on-demand transportation company primarily providing ride-hailing services and based in San Francisco, California. It develops, markets, and operates the Lyft car transportation mobile app.







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Floor Plan

Tenant Window DepotTenant Lyft







Exclusive Contacts:

SCOTTSDALE

TEMPE

PAPAGO SPORTS

COMPLEX

ROLLING HILLS GOLF

COURSE

AZ COUNTRY CLUB

TEMPE TOWN LAKE

PHOENIX

3 mi

3 mi

1 mi

DESERT PALMS POWER CENTER

MARICOPA INTEGRATED HEALTH SYSTEM

PHOENIX CHILDREN’S HOSPITAL

FRY’S / GOODWILL

THOMAS MALL

E Thomas Rd

E McDowell Rd

N 2

4th

St

N 4

4th

St

N 5

2nd

St

N 6

4th

St

N 3

2nd

St

E Van Buren St

E Washington St

Air Ln

SITE

PHOENIX SKY HARBOR INT’L

AIRPORT

Demographics 1 Mile 3 Mile 5 Mile

2018 Estimated Population 23,775 121,066 319,312

2023 Projected Population 25,831 131,067 346,772

2018 AVG HH Income $39,889 $42,937 $46,815

Total Businesses 825 6,085 25,377

Total Employees 11,569 78,309 338,142

PAPAGO GOLF

COURSE

PAPAGO LAKES

PERA CLUB

Source: Costar.com







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4525 E MCDOWELL RDPHOENIX, AZ 85008

4525 E MCDOWELL RD - LoopNet€¦ · 4525 E McDowell Rd Phoenix, AZ 85008 Sale Price / Cap Rate...

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