California investors traded into a multitenant investment property at 19193 S Alpha Avenue in Green Valley for $1.24 million ($172 PSF). The property sold 100% leased to two tenants, Truly Nolen and Napa Auto Parts, and sold in a triple net investment sale.
The 7,200-square-foot building was constructed in 2007 on .6 acres. A corner lot, next to Coach’s American Grill, with good visibility and attractive landscaping located off I-19 and Duval Mine Road.
The sellers, Kent and Jennifer Crotts of Cortaro, Arizona and the investor were both represented Jon Hammond of KW Legacy in Chandler, Arizona.
The investors were attracted to the quality national tenants, the property itself and the location said Hammond.
Truly Nolen is the largest family-owned pest control company in the United States and the oldest, first licensed company in Arizona. With more than 80 branch offices in Arizona, California, Florida, Nevada, New Mexico, Texas and Utah, the company also has independently owned and operated franchises in more than 60 countries.
NAPA Auto Parts has over 60 distribution centers, 15,000 NAPA AutoCare Centers and more than 6,000 independently-owned and company-owned stores. NAPA carries an extensive inventory of more than 400,000 parts for automotive and industrial applications.
For additional information, Hammond can be reached at 40.283.3740.
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[mepr-show rules="58038"]Sale price: $1,237,500. APN: 303-33-401C. Property sold with a reported NOI of $91,200 and a 7.37% cap rate.[/mepr-show]