Description

This sale-leaseback investment features Sun Produce Specialties, a long-established tenant with 35 years in business. The lease term will be three to five years at $6,000 per month NNN with annual rent increases. In addition to base rent, the property generates approximately $100,000 in extra annual income from event parking at Chase Field, with around 80% of reservations processed through ParkWhiz and the remaining 20% from cash customers. The total net operating income is roughly $172,000 per year, with pricing available upon request. The property consists of a ±4,900-square-foot warehouse situated on a ±0.46-acre lot and features a ±20-foot ceiling height. Approximately 10% of the building is office space, and there is additional mezzanine storage. The site includes four oversized grade-level doors, a gated and paved yard with chain-link fencing, and a truck well. Zoning is A-2 Heavy Industrial, offering excellent flexibility for various industrial uses. Conveniently located near Chase Field and downtown Phoenix, the property benefits from strong accessibility and high visibility. Adding to the appeal, Chase Field—home of the Arizona Diamondbacks—is undergoing a $750 million renovation, which includes modern seating upgrades, enhanced climate control, improved amenities, and the development of a surrounding mixed-use entertainment district. This transformation aims to create a vibrant, year-round destination that will attract more visitors, events, and economic activity to the downtown Phoenix area.