1645-1711 E Jackson St 54,085 SF 84% Leased Industrial Building Phoenix, AZ 85034 $11,218,419 CAD ($207.42 CAD/SF) 7.50% Cap Rate

KCKR Industrial Park represents a rare opportunity to acquire a prime small bay multi-tenant industrial campus in the Sky Harbor Airport industrial corridor, one of the most strategically located and supply-constrained industrial submarkets in Metro Phoenix.
The property consists of four industrial buildings totaling approximately ±54,000 square feet on ±2.20 acres, configured for flexible multi-tenant industrial occupancy including fabrication, contractor, logistics, manufacturing, and service industrial users. The property has recently completed capital improvements and is positioned for continued leasing activity and NOI growth.
The asset currently produces approximately $480,000 in net operating income, with one remaining vacant small bay building (±8,640 SF) that has already been renovated, white-boxed, and is actively being marketed for lease. Leasing this final building is expected to increase NOI to approximately $607,000 stabilized, which alone increases the property value to approximately $8.4 million, simply by signing the last small bay space that is already on the market with leasing activity underway.
Beyond stabilization, the property has staggered lease expirations between 2026 and 2030, allowing future ownership to increase rents to market over time. Several tenants are currently below market rent, creating a clear path to long-term NOI growth. Over time, NOI is projected to grow into the $750,000 to $820,000+ range, which would support a future property value in the ~$10.5M to ~$11.5M range, creating significant long-term upside from the current acquisition basis.
This investment provides buyers the opportunity to acquire infill industrial product below replacement cost with immediate income, near-term stabilization upside, and long-term NOI growth through rent increases and lease rollover, making it attractive to private investors, 1031 buyers, family offices, and institutional buyers seeking stabilized infill industrial assets.