Business Property for Lease or Sale in Douglas Arizona

Property overview

The site is 5.25 acres, with a 52,320 sq. ft. building and paved parking with lighting for 300 cars.  It is 1 mile north of the Mexican border and enjoys direct access for trucks from Purtleville Road and Highway 80.  It is .5 miles to Highway 191, which leads 60 miles north to I-10.

This functional steel building, constructed in 1982 for K-Mart and vacated in 2002, has been inspected by a structural engineer and architect who have opined about its good condition and adaptability for different T.I. (tenant improvement) applications such as:  trucking, industrial, warehouse, storage, offices, call center, retail and the like. The ceiling is 24'8' at center with a drop down ceiling to 15'8' and sprinkled throughout.  The building is in great shape and is repaired where necessary. Depending on the tenant, the owner will build it out to suite their needs.

Area & Location
Property Location:	50 West 16th Street
	Douglas, Arizona 85607
	USA
County:	Cochise
Nearest MSA:	Sierra Vista - Douglas
Zoning:	GC -General Commercial
Tax ID Number:	408-18-024E
Site Description:	5.25 acres, 52,320 SF steel building with parking for 300 cars paved, striped and lighted located on Highway 80.
Road Type:	Highway
Property Visibility:	Excellent
Street Name 1:	Highway 80
Street Name 2:	Purtleville Road
Transportation:	Highway, Rail, Airport
Nearby Highways:	Highway 191 and I-10
Location to Border:	1 mile north of the border with Agua Prieta Mexico.  Agua Prieta is a border town with a population of 120,000 people and some 25 macquiladora plants.
Building Size & Exterior
Retail-Commercial Type:	Free-Standing Building
Building Size (Rentable SF):	52,320
Property Condition:	Good
Year Built:	1982
Year Renovated:	2006
Construction:	Steel Frame
Total Number of Buildings:	1
Number of Stories:	1
Loading Doors:	1
Outside Storage Available:	Yes
Exterior Description:	Large parking lot.  Access road for deliveries.  Storefront pane glass. Enclosed side yard.
Parking Ratio:	6 : 1
Parking Type:	Surface
Parking Description:	Paved and stripped front parking with lighting for 300 cars.  Side parking for trucks.
Building Interior
Total Ceiling Height:	24'8' at center and sloping to the sides.
Drop Down Ceiling Height:	15'8' for 45,000 s.f.
Fire Sprinklers:	Wet Water
Air Conditioning:	Engineered System
Heat Type:	Gas
Internet Access:	DSL, Satellite
Interior Description:	Open retail space with 45,000 s.f. plus 3 offices and side delivery for storage approx 7,000 s.f.
Land Description
Total Land Size:	5.25 acres
Zoning Description:	General Commercial
Lot Shape:	L
Land-To-Building Ratio:	10 : 1
Surplus Land Available:	Yes
Topography:	Flat
Utilities & Easements
Sanitary Sewers:	Yes
Storm Sewers:	Yes
Easements:	Pipelines, Electric Lines, Ingress/Egress, Utilities, Environmental
Easements / Encumbrances Description:	Access and utility easements.  Phelps Dodge reserved a smoke easement but EPA will not allow them to start up again.
Stake Survey:	Completed
Stakes Visible:	Yes
Environmental Evaluation:	Completed
Land Ownership:	Fee Simple
Mineral Rights:	Not Included
Available Space For Lease
Lease Rate:	$5 per square foot (Annual)
Space Available:	52,320 s.f.
Space Description:	24 feet at center and sloping to the sides.  Drop down ceiling height of 15'8' for 45,000 s.f.  The building is sprinkled.  It can be built out to the tenant's specifications.
Parking Spaces:	300
Space Subcategory:	Flex Space, Free Standing Store
Date Available:	July 2006
Lease Term:	180 months  This is flexible but the longer the lease term the more tenant improvements we are willing to make.
Lease Type:	Absolute (Triple) Net
Tax Expenses:	$22,000
Operating Expenses:	$2.50
Rent Escalators:	Step-Up Lease
Rent Escalators Description:	Depends on tenant, term and build out requirements.  States rent is 'as is' condition.  Rent is adjusted based on TI build out requirements.
Rent Concession:	Will consider

For Sale
Sale Price:	$2,500,000
Sale Terms:	Cash to Seller, Owner Financing
Tax Value Year:	2005
Tax Value Improvements:	$21,585.62
Net Operating Income:	$261,600
Gross Rent Multiplies:	9.50
Cash on Cash Rate:	10.50
Actual or Proforma Year:	Proforma
Contacts:
Property Manager:	William Martin
Contact:	Fiona McKenzie
Phone:	1-800-308-3889
E-Mail	MaderaAZ@aol.com
Web Site:	www.Madera.com/Douglas

ALTA Survey     Space Plan     1981 Center Su