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TestAmerica Laboratories 1501 W Knudsen Dr 18,284 SF Industrial Building Phoenix, AZ 85027 For Sale
Investment Highlights
- ±18,284 SF Single Story Flex Building on ±1.26 AC within 15 Minutes of TSMC
- Potential for Secured Yard | Heavy Power
- Leased to Severn Trent Labratories, Inc Through June 2027
- Fully Air Conditioned with 17' - 20' Clear Height and Two (2) Grade Level Doors
- Plans to Convert to Majority Warehouse
- Potential for Tenant to Vacate Early
Executive Summary
The property is currently occupied by Severn Trent Laboratories, Inc. under a NNN lease generating $38,620/month, with a scheduled 4% rent increase to $40,165/month effective July 1, 2026, and a lease expiration of June 30, 2027 — providing a buyer with stable cash flow and a clear path to repositioning. Tenant is potentially willing to vacate early.
The building is easily convertible to 80%+ warehouse use, with plans already in place, making it an ideal value-add play for owner-users and investors alike. The building currently features 17’ - 20’ clear height, two (2) grade level doors (12’ x 14’), 50 parking spaces, with air conditioning throughout. The 1.26 AC site provides an opportunity for a secured yard with two (2) points of ingress/egress.
Property Facts
| Sale Type | Investment or Owner User | Year Built | 2001 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.91/1,000 SF |
| Building Class | B | Clear Ceiling Height | 20’ |
| Lot Size | 1.28 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 18,284 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | IND PK, Phoenix - Industrial Park | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.28 AC |
| Rentable Building Area | 18,284 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 1.91/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | IND PK, Phoenix - Industrial Park |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Rein & Grossoehme is excited to bring to market an opportunity to acquire or lease a freestanding, single-story flex building in one of Phoenix's most desirable industrial corridors. Located at 1501 W. Knudsen Drive in the Deer Valley submarket, this ±18,494 SF building sits on ±1.26 acres and offers a rare combination of in-place income, heavy power infrastructure, and immediate proximity to TSMC, the most significant economic development project in Arizona's history. The property is currently occupied by Severn Trent Laboratories, Inc. through June 30, 2027. Tenant potentially willing to vacate early. The building is easily convertible to 80%+ warehouse use, with plans already in place, making it an ideal value-add play for owner-users and investors alike. The building currently features 17’ - 20’ clear height, two (2) grade level doors (12’ x 14’), 50 parking spaces, with air conditioning throughout. The 1.26 AC site provides an opportunity for a secured yard with two (2) points of ingress/egress.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 18,284 SF | Industrial | Full Build-Out | Jul 2027 |
1st Floor
| Size |
| 18,284 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Jul 2027 |
1st Floor
| Size | 18,284 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Jul 2027 |
Rein & Grossoehme is excited to bring to market an opportunity to acquire or lease a freestanding, single-story flex building in one of Phoenix's most desirable industrial corridors. Located at 1501 W. Knudsen Drive in the Deer Valley submarket, this ±18,494 SF building sits on ±1.26 acres and offers a rare combination of in-place income, heavy power infrastructure, and immediate proximity to TSMC, the most significant economic development project in Arizona's history. The property is currently occupied by Severn Trent Laboratories, Inc. through June 30, 2027. Tenant potentially willing to vacate early. The building is easily convertible to 80%+ warehouse use, with plans already in place, making it an ideal value-add play for owner-users and investors alike. The building currently features 17’ - 20’ clear height, two (2) grade level doors (12’ x 14’), 50 parking spaces, with air conditioning throughout. The 1.26 AC site provides an opportunity for a secured yard with two (2) points of ingress/egress.
Property Taxes
| Parcel Number | 209-02-094 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $339,430 |
Property Taxes
Contacts
-
Max Schumacher, SIOR -
Patrick Sheehan -
Jack Hansen -
Mia Moilanen -
Rein & Grossoehme
Presented by
TestAmerica Laboratories | 1501 W Knudsen Dr
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