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1501 W Knudsen Dr
Phoenix, AZ 85027
TestAmerica Laboratories · Industrial Property For Sale
Investment Highlights
- ±18,284 SF Single Story Flex Building on ±1.26 AC within 15 Minutes of TSMC
- Potential for Secured Yard | Heavy Power
- Leased to Severn Trent Labratories, Inc Through June 2027
- Fully Air Conditioned with 17' - 20' Clear Height and Two (2) Grade Level Doors
- Plans to Convert to Majority Warehouse
- Potential for Tenant to Vacate Early
Executive Summary
Rein & Grossoehme is excited to bring to market an opportunity to acquire or lease a freestanding, single-story flex building in one of Phoenix's most desirable industrial corridors. Located at 1501 W. Knudsen Drive in the Deer Valley submarket, this ±18,494 SF building sits on ±1.26 acres and offers a rare combination of in-place income, heavy power infrastructure, and immediate proximity to TSMC, the most significant economic development project in Arizona's history.
The property is currently occupied by Severn Trent Laboratories, Inc. under a NNN lease generating $38,620/month, with a scheduled 4% rent increase to $40,165/month effective July 1, 2026, and a lease expiration of June 30, 2027 — providing a buyer with stable cash flow and a clear path to repositioning. Tenant is potentially willing to vacate early.
The building is easily convertible to 80%+ warehouse use, with plans already in place, making it an ideal value-add play for owner-users and investors alike. The building currently features 17’ - 20’ clear height, two (2) grade level doors (12’ x 14’), 50 parking spaces, with air conditioning throughout. The 1.26 AC site provides an opportunity for a secured yard with two (2) points of ingress/egress.
The property is currently occupied by Severn Trent Laboratories, Inc. under a NNN lease generating $38,620/month, with a scheduled 4% rent increase to $40,165/month effective July 1, 2026, and a lease expiration of June 30, 2027 — providing a buyer with stable cash flow and a clear path to repositioning. Tenant is potentially willing to vacate early.
The building is easily convertible to 80%+ warehouse use, with plans already in place, making it an ideal value-add play for owner-users and investors alike. The building currently features 17’ - 20’ clear height, two (2) grade level doors (12’ x 14’), 50 parking spaces, with air conditioning throughout. The 1.26 AC site provides an opportunity for a secured yard with two (2) points of ingress/egress.
Property Facts
| Sale Type | Investment or Owner User | Year Built | 2001 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.91/1,000 SF |
| Building Class | B | Clear Ceiling Height | 20’ |
| Lot Size | 1.28 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 18,284 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | IND PK, Phoenix - Industrial Park | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.28 AC |
| Rentable Building Area | 18,284 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 1.91/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | IND PK, Phoenix - Industrial Park |
Property Taxes
| Parcel Number | 209-02-094 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $465,158 CAD |
Property Taxes
Parcel Number
209-02-094
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$465,158 CAD
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