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3650 N 40th Ave
Phoenix, AZ 85019
Industrial Property For Sale
Investment Highlights
- Conveniently located near Interstate 10 and Interstate 17, providing excellent regional access for distribution and logistics.
- Frontage along 40th Avenue ensuring easy ingress and visibility within a well-established industrial corridor.
- Delivered as a fully leased property, providing immediate income and stability for investors.
- ±24,582 square feet of functional warehouse and flex space suitable for multiple industrial uses.
- Situated on a ±46,609-square-foot lot, offering ample parking and maneuvering space for trucks and vehicles.
- Located within a major Phoenix industrial hub, benefiting from strong tenant demand and sustained market growth.
Executive Summary
This industrial/flex warehouse property offers a fully leased investment opportunity in Phoenix’s dynamic industrial submarket. The building spans approximately 24,582 square feet on a ±46,609-square-foot lot, providing functional warehouse space with flex capabilities. Positioned along 40th Avenue, the property is strategically located near major transportation routes, including Interstate 10 and Interstate 17, granting efficient connectivity to the broader metropolitan area, major distribution hubs, and Phoenix Sky Harbor International Airport.
The property is offered at $5,250,000, reflecting a competitive 6.57% capitalization rate. Investors benefit from stable in-place income with upside potential supported by the strength of the Phoenix industrial market, which continues to experience strong demand for well-located warehouse facilities. Surrounded by an established industrial district, this asset presents long-term security and a favorable position for future appreciation.
The property is offered at $5,250,000, reflecting a competitive 6.57% capitalization rate. Investors benefit from stable in-place income with upside potential supported by the strength of the Phoenix industrial market, which continues to experience strong demand for well-located warehouse facilities. Surrounded by an established industrial district, this asset presents long-term security and a favorable position for future appreciation.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.57% | Year Built | 1977 |
| Property Type | Industrial | Parking Ratio | 0.12/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 1.07 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 24,582 SF | ||
| Zoning | A-1 - Zoning: A-1 Light Industrial (Deeper Industrial Use) Ideal for Auto, Woodworking | ||
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.07 AC |
| Rentable Building Area | 24,582 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 0.12/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | A-1 - Zoning: A-1 Light Industrial (Deeper Industrial Use) Ideal for Auto, Woodworking |
Amenities
- Fenced Lot
- Security System
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Property Taxes
| Parcel Number | 107-21-070A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $77,581 |
Property Taxes
Parcel Number
107-21-070A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$77,581
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