Contacts
Chris Reese
Colliers
(602) 222-5089
Casey Koziol
Colliers
(602) 222-5035
Payson MacWilliam
Colliers
(602) 222-5060
Don MacWilliam
Colliers
(602) 222-5059
Property Details
- Property Type Industrial - Warehouse/Distribution
- Lot Size 0.65 SF
- Date Updated Apr 16, 2024
Fully leased multi-tenant industrial building for sale at 3602 West Clarendon Avenue in Phoenix. Building consists of ±12,848 square feet on ±0.65 acres. Property is fully leased for three years.
Sale price is $1,495,000 ($116.36 per square foot).
The suite sizes are approximately ±3,108 square feet, ±3,500 square feet and ±6,240 square feet. All suites are currently occupied on leases executed during the 2023 calendar year. The average in-place rents are $1.00 (monthly, per square foot, industrial gross) approximately twenty percent below current market conditions of $1.20 (monthly, per square foot, industrial gross).
The property offers an exceptional opportunity to acquire a fully occupied warehouse located in an infill area within four to five miles of downtown Phoenix. The combination of stable in-place cash flow, functional multi-tenant building, and the opportunity to add value through increased rents, provides investors a unique opportunity.
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Getting around
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Location
- City Phoenix, AZ
- Neighborhood Maryvale
- Zip Code 85019
- Market Phoenix
Points of Interest
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19th Ave/ Camelback
2.53 miles
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19th Ave/ Montebello
2.93 miles
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7th Ave/ Camelback
3.34 miles
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Indian School/ Central Ave
3.69 miles
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Osborn/ Central Ave
3.70 miles
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Campbell/ Central Ave
3.73 miles
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Thomas/ Central Ave
3.76 miles
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Central Ave/ Camelback
3.76 miles
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Glendale/ 19th Ave
3.82 miles
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Encanto/ Central Ave
3.90 miles
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Circle K
0.35 miles
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Kings Gas
0.35 miles
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Costco Gasoline
0.48 miles
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QuikTrip
0.79 miles
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Valero
0.82 miles
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Arco
0.83 miles
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Chevron
1.16 miles
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Sinclair
1.17 miles
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Union 76
1.17 miles
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Chevron
1.18 miles
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Quick Quack Car Wash
1.25 miles
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Discount Cab
1.73 miles
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Drive Time
2.16 miles
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Quick Quack Car Wash
2.26 miles
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FireBird Express Car Wash
2.58 miles
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Clean Freak
2.90 miles
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Super Star Car Wash
2.92 miles
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Hertz
3.15 miles
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Raceway Express Car Wash
3.31 miles
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Weiss Guys Express Car Wash
3.44 miles
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McDonald's
0.55 miles
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Little Caesars
0.58 miles
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Krispy Kreme
0.58 miles
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Wingstop
0.61 miles
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Mariscos El Malecón
0.84 miles
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Burger King
0.88 miles
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Burger Shoppe
0.88 miles
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Taco Bell
0.88 miles
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Kings Subs
1.06 miles
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Domino's
1.10 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.