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3650 N 40th Ave 24,582 SF 23% Leased Industrial Building Phoenix, AZ 85019 $5,661,115 ($230.30/SF) 7% Cap Rate
Investment Highlights
- ±24,747 SF industrial building
- Ample parking and loading space
- Flexible layout for various uses
- Ideal for warehouse/distribution use
- High visibility and accessibility
Executive Summary
Presenting an outstanding investment and sale opportunity, 3650 N 40th Ave in Phoenix, Arizona is a versatile industrial/flex warehouse space ideally situated with prominent frontage on 40th Avenue. This property features a substantial lot size of approximately 46,609 square feet, offering ample space for a variety of business operations. With a competitive cap rate of 6.5%, it is attractively priced at $6,096,587.08 ($248.01 per square foot), making it a compelling option for investors and owner-users alike. The site is managed by Commercial Properties Inc., a locally owned and globally connected firm, ensuring professional representation and market expertise.
Property Facts
| Price | $5,661,115 | Rentable Building Area | 24,582 SF |
| Price Per SF | $230.30 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Cap Rate | 7% | Parking Ratio | 0.12/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.07 AC | ||
| Zoning | A-1 - Zoning: A-1 Light Industrial (Deeper Industrial Use) Ideal for Auto, Woodworking | ||
| Price | $5,661,115 |
| Price Per SF | $230.30 |
| Sale Type | Investment |
| Cap Rate | 7% |
| 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
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1,752 SF now available for $2,628 per month.
3,800 SF For Lease $3,800.00 per month NNN
1,300 SF for $3,874.50 per month
1,200 SF For Lease $1,800 per month NNN
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1 | 1,752 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 11 | 3,800 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 13 | 4,050 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 9 | 1,200 SF | Industrial | Partial Build-Out | Now |
1st Fl - 1
| Size |
| 1,752 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 11
| Size |
| 3,800 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 13
| Size |
| 4,050 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 9
| Size |
| 1,200 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 1
| Size | 1,752 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
1,752 SF now available for $2,628 per month.
1st Fl - 11
| Size | 3,800 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
3,800 SF For Lease $3,800.00 per month NNN
1st Fl - 13
| Size | 4,050 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
1,300 SF for $3,874.50 per month
1st Fl - 9
| Size | 1,200 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
1,200 SF For Lease $1,800 per month NNN
1 1
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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3650 N 40th Ave
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