Cap Rate
7.54%
$ per SF
$179
2602 N 29th Ave, Phoenix, AZ, 85009
Cannabis Cultivation Facility$2,150,000
Key Information
Tot. SF
12,000
Year Built
1970
Type
Industrial
Highlights
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Triple net lease – Passive income opportunity
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Average of 4.76% annual rent increase – Hedge against inflation
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Located in opportunity zone – Benefits to avoiding capital gains taxes
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Proximity to major highways – US-60, I-17, & I-10
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Heavy power – 3,000 amps | 3 phase
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Extensive tenant improvements – Shows tenant’s commitment to site
Photos
Location
Agents
O
Oscar LopezLicense # SA691653000 (AZ)
A
Alex DeSotoLicense # 02087057 (CA)
Broker of Record
David Harrington
License # CO701910000 (AZ)Matthews Real Estate Investment Services, Inc.4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251