200 Ash St, Globe, AZ 85501
13,736 SF | 100% Leased | Retail Building | Globe, AZ 85501 | $1,584,000 ($115/SF) | 5.01% Cap Rate
Asking Price $1,584,000
- Property Type
-
Retail
- Square Feet
- 13,736 SF
- Price / Square Foot
- $115
Listing Contacts
Clint Nichols
- Property Info
Property Overview
Building total is 13,736 square feet. Empire machinery is a National high value tenant leasing the entire property. Full triple net lease. Empire has been a long term tenant since 2014 with 5 years remaining on their lease (expires 2027) and one 5 year option. 3% annual rental increases. Cap rate of 5.01%. Building is at a prime location in the center of Globe with highway 60 frontage and a billboard on site.
Property Details
- Class
- C
- Year Built/Renovated
- 1963/2000
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Manufacturing, Warehouse
- Lot Size (sq. ft)
- 60,984 SF
Highlights
- Empire Machinery is a National, high value tenant. Lease term until 2027 with a 5 year option to extend. Full Triple Net Lease.
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