Custom Truck One Source
25,000 SF | Industrial Building | Yuma, AZ 85365 | $2,884,615 ($115/SF) | 7.15% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,884,615
- Property Type
-
Industrial
- Price / Square Foot
- $115
Listing Contacts
Patrick Doherty
Verified Profile
Sharon Monagas
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Custom Truck One Source located in Yuma, Arizona. The subject property is a 25,000-square-foot facility sitting on 1.13 acres, located off South Arizona Avenue on East 20th Street. There are approximately five years remaining on a triple-net (NNN) lease with three percent annual increases. There are two, three-year renewal options at fair market value.
This property was built in 1966, renovated in 2017, and is scheduled to undergo over $500,000 worth of property improvements for the expansion of the air-conditioned/HVAC spaces throughout the premises. The property features metal construction with a brick façade. The property has two drive-in doors and one sliding door. The parking lot is asphalt.
Custom Truck One Source, Inc. is a leading one-stop-shop provider of specialty equipment serving customers in the growing electric utility transmission and distribution, telecom, rail and infrastructure end-markets in North America. The company offers its customers what they need to maintain, repair, upgrade and install critical infrastructure assets. Custom Truck One Source offers a full suite of solutions, including equipment rental, new and used equipment sales, and aftermarket parts, service tools and accessories.
Yuma, Arizona is known for its agriculture and defense industries and is located in Yuma County in southwestern Arizona, near the California and Mexico borders. The market’s warm winter weather draws nearly 100,000 seasonal residents in a typical year, alongside tourists and outdoor enthusiasts. Underpinning Yuma’s economic prospects, the metro’s five-year population growth is expected to outpace that of the nation. Access to the Mexico and California markets makes trade an important segment of the economy.
BROKER OF RECORD
Ryan Sarbinoff
2398 East Camelback Road, Suite 300, Phoenix, AZ 85016
(602) 687-6700 • [email protected]
License: BR675146000
This property was built in 1966, renovated in 2017, and is scheduled to undergo over $500,000 worth of property improvements for the expansion of the air-conditioned/HVAC spaces throughout the premises. The property features metal construction with a brick façade. The property has two drive-in doors and one sliding door. The parking lot is asphalt.
Custom Truck One Source, Inc. is a leading one-stop-shop provider of specialty equipment serving customers in the growing electric utility transmission and distribution, telecom, rail and infrastructure end-markets in North America. The company offers its customers what they need to maintain, repair, upgrade and install critical infrastructure assets. Custom Truck One Source offers a full suite of solutions, including equipment rental, new and used equipment sales, and aftermarket parts, service tools and accessories.
Yuma, Arizona is known for its agriculture and defense industries and is located in Yuma County in southwestern Arizona, near the California and Mexico borders. The market’s warm winter weather draws nearly 100,000 seasonal residents in a typical year, alongside tourists and outdoor enthusiasts. Underpinning Yuma’s economic prospects, the metro’s five-year population growth is expected to outpace that of the nation. Access to the Mexico and California markets makes trade an important segment of the economy.
BROKER OF RECORD
Ryan Sarbinoff
2398 East Camelback Road, Suite 300, Phoenix, AZ 85016
(602) 687-6700 • [email protected]
License: BR675146000
Property Details
- Class
- C
- Year Built/Renovated
- 1966/2017
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 49,223 SF
Highlights
- Custom Truck One Source is a Leading Specialized Truck and Heavy Equipment Solutions Company with 2023 Revenue of $1.865 Billion
- Recently Renewed Five-Year Lease
- Three Percent Annual Increases
- Over $500,000 Worth of Property Improvements Scheduled
- Three Miles from the Yuma International Airport
- 100,000+ Residents within a Five-Mile Radius
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