Fully Leased Multi-Tenant Industrial Building for Sale in Phoenix

For Sale

3620 W Clarendon Ave, Phoenix, AZ 85019

This Phoenix property for sale is located at 3620 W Clarendon Ave. Fully Leased Multi-Tenant Industrial Building for Sale in Phoenix is situated on a lot that is 0.65 square feet in size.

Contacts

broker

Chris Reese

Colliers

(602) 222-5089

broker

Casey Koziol

Colliers

(602) 222-5035

broker

Payson MacWilliam

Colliers

(602) 222-5060

broker

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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 58/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 68/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Phoenix, AZ
  • Neighborhood Maryvale
  • Zip Code 85019
  • Market Phoenix

Points of Interest

  • 19th Ave/ Camelback

    2.53 miles

  • 19th Ave/ Montebello

    2.93 miles

  • 7th Ave/ Camelback

    3.34 miles

  • Indian School/ Central Ave

    3.69 miles

  • Osborn/ Central Ave

    3.70 miles

  • Campbell/ Central Ave

    3.73 miles

  • Thomas/ Central Ave

    3.76 miles

  • Central Ave/ Camelback

    3.76 miles

  • Glendale/ 19th Ave

    3.82 miles

  • Encanto/ Central Ave

    3.90 miles

  • Circle K

    0.35 miles

  • Kings Gas

    0.35 miles

  • Costco Gasoline

    0.48 miles

  • QuikTrip

    0.79 miles

  • Valero

    0.82 miles

  • Arco

    0.83 miles

  • Chevron

    1.16 miles

  • Sinclair

    1.17 miles

  • Union 76

    1.17 miles

  • Chevron

    1.18 miles

  • Quick Quack Car Wash

    1.25 miles

  • Discount Cab

    1.73 miles

  • Drive Time

    2.16 miles

  • Quick Quack Car Wash

    2.26 miles

  • FireBird Express Car Wash

    2.58 miles

  • Clean Freak

    2.90 miles

  • Super Star Car Wash

    2.92 miles

  • Hertz

    3.15 miles

  • Raceway Express Car Wash

    3.31 miles

  • Weiss Guys Express Car Wash

    3.44 miles

  • McDonald's

    0.55 miles

  • Little Caesars

    0.58 miles

  • Krispy Kreme

    0.58 miles

  • Wingstop

    0.61 miles

  • Mariscos El Malecón

    0.84 miles

  • Burger King

    0.88 miles

  • Burger Shoppe

    0.88 miles

  • Taco Bell

    0.88 miles

  • Kings Subs

    1.06 miles

  • 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.

Contact Fully Leased Multi-Tenant Industrial Building for Sale in Phoenix