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3650 N 40th Ave 24,582 SF 100% Leased Industrial Building Phoenix, AZ 85019 $5,250,000 ($213.57/SF) 6.57% Cap Rate
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
| Price | $5,250,000 | Rentable Building Area | 24,582 SF |
| Price Per SF | $213.57 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Cap Rate | 6.57% | 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 | $5,250,000 |
| Price Per SF | $213.57 |
| 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
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Automotive use approved!
- 1st Fl - 4
- 1,100 SF
- Industrial
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 2 | 1,100 SF | Industrial | - | Now |
| 1st Fl - 4 | 1,100 SF | Industrial | - | Now |
1st Fl - 2
| Size |
| 1,100 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - 4
| Size |
| 1,100 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - 2
| Size | 1,100 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Automotive use approved!
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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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