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3650 N 40th Ave 24,582 SF 79% Leased Industrial Building Phoenix, AZ 85019 $7,898,388 CAD ($321.31 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- ±24,747 SF industrial building
- Ample parking and loading space
- Flexible layout for various uses
- Ideal for warehouse/distribution use
- High visibility and accessibility
EXECUTIVE SUMMARY
Presenting an outstanding investment and sale opportunity, 3650 N 40th Ave in Phoenix, Arizona is a versatile industrial/flex warehouse space ideally situated with prominent frontage on 40th Avenue. This property features a substantial lot size of approximately 46,609 square feet, offering ample space for a variety of business operations. With a competitive cap rate of 6.5%, it is attractively priced at $6,096,587.08 ($248.01 per square foot), making it a compelling option for investors and owner-users alike. The site is managed by Commercial Properties Inc., a locally owned and globally connected firm, ensuring professional representation and market expertise.
PROPERTY FACTS
| Price | $7,898,388 CAD | Rentable Building Area | 24,582 SF |
| Price Per SF | $321.31 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Cap Rate | 7% | 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 | $7,898,388 CAD |
| Price Per SF | $321.31 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| 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
- CONDITION
- AVAILABLE
1,300 SF for $5,063 per month
1,200 SF For Lease $2,040.00 per month NNN
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 13 | 4,050 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 9 | 1,200 SF | Industrial | Partial Build-Out | Now |
1st Fl - 13
| Size |
| 4,050 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 9
| Size |
| 1,200 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl - 13
| Size | 4,050 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
1,300 SF for $5,063 per month
1st Fl - 9
| Size | 1,200 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
1,200 SF For Lease $2,040.00 per month NNN
1 1
PROPERTY TAXES
| Parcel Number | 107-21-070A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $108,905 CAD |
PROPERTY TAXES
Parcel Number
107-21-070A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$108,905 CAD
1 of 23
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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3650 N 40th Ave
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