Retail•Vehicle Related•For Sale

Automotive Service Garage w Seller Carryback

10738 N 96th Ave, Peoria, Arizona 85345

Sale Price $540,000
Sale Type Owner User
Zoning C-4
Bldg Type Single Tenant
Year Built 1980
Stories 1
Cap Rate 7.71%
Vacancy 100%
Annual Taxes $2,579.00
Gross Bldg 4,000 SqFt
Land Area .27 Acres
Net Op Inc $41,621
Market Phoenix Metro
Sub-Market West Valley
Legal Descr TH PT LOT 28 SUNTOWN CENTER MCR 167-13 & TH PT E 60 AC SW4 SEC 21 DAF BEG NE COR SD LOT TH N 46D 23M W 151.32F TH S 26D 50M W 86.23F TH S 45D 09M E 134.93F TO NON-TANG CUR CONC SE RAD 435F TH NLY ALG SD CUR 86F TO POB
This ±4,000 SF (approximatley 100' x 40') steel construction industrial building with pitched roof and fully fenced lot is currently occupied by Tony's Five Star Transmission Service in Suntown Center, just west of Loop 101 on 96th Avenue in Peoria. Owner has the ability to terminate the lease with notice for Owner/Occupant and is willing to carry the loan for a qualified buyer. Suntown Center subdivision is home of several automotive related businesses and other light industrial companies. The tenant has occupied the premises for more than 6 years and recently renewed the lease (April 2018) for an additional 5 years. There is one additional 5-year option to renew in April 2023. The building comes equipped with 6 hydraulic lifts (4 indoor and 2 outdoor under steel cover), parts cleaning machines, lights, compressors and air lines. There are 2 extra wide roll-up doors. The office is cooled by and HVAC unit while the garage is cooled by evaporative coolers on the back wall of the building. Tenant pays utilities, maintenance, and garage owner's insurance. Landlord pays taxes and minimal liability insurance. Tax records show 11,876 SF for the lot. However, the fenced parking area has been expanded to take in a portion of the adjacent land designated for drainage. Owner will consider a seller carryback with sufficient down payment and reasonable terms to a qualified buyer. Zoning is C-R (County) and C-4 (City of Peoria). This ±4,000 SF (approximatley 100' x 40') steel construction industrial building with pitched roof and fully fenced lot is occupied by Tony's Five Star Transmission Service in Suntown Center, just west of Loop 101 on 96th Avenue in Peoria. Suntown Center subdivision is home of several automotive related businesses and other light industrial companies.
  • Owner/User OR Investment
  • Possible Seller Carryback Financing
  • 6 Hydraulic Lifts (Indoor & Outdoor)
  • Easy Access to Loop 101 at Peoria Avenue
  • Tenant Pays Utilities and Maintenance
  • Minimal Owner Insurance and Taxes
3/12/2019 10:16:20 PM 5/23/2019 10:23:27 PM
Arvle Knight
CCIM, Senior Associate Broker
Kasten Long Commercial Group

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