Jul 13, 2020 — Bargain opportunity for the right buyer. The seller finished building out this beautiful space with 22 rental suites and set their Grand Opening for April 1st, 2020. Then the AZ lockdown started and No hair stylists, Aestheticians, Massage Therapists, or Tattoo Artists were working much less looking to rent studio space. A space this nice would cost over $400,000 to build out, but the right buyer can pick this up for a fraction of that. Only 2 of the suites are currently rented, so the best buyer would be someone who has experience marketing and renting these types of spaces and has enough cash reserves to absorb the burn rate until they can get more suites filled. This space will be well above break-even at 55% capacity and a real cash generator beyond that. Located in the Far East Valley, in a good location, in a shopping center with a major grocery retailer. Seller lives out of state and wants to divest of this business to pursue other interests. Seller financing is available to qualified buyers with significant down payment. Serious inquiries only please. All inquiring parties must complete a Non-Disclosure Agreement before receiving any more information.
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