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Leased Multi-Tenant Industrial Building

1011-1021 N 21st Ave, Phoenix, AZ

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For Sale

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18,700 SF industrial building near I-17 and I-10.

Type:INDUSTRIAL

Property size:

18,700 SF

Lot size:

0.61 Acres

Price / SF:

$112/SF

HighLights

100% leased with NNN leases providing immediate and stable income
Strategic location near I‑17 and I‑10 freeways, offering excellent accessibility
Dock and grade level loading provides versatile options
Rail access for potential cost‑effective transportation
Multi‑tenant building with potential for diversified income
±12‑18’ clear height suitable for a variety of industrial uses

We can help!

Listing Contact

Landon McKernan

Learn more

For Sale

Contact for pricing

18,700 SF industrial building near I-17 and I-10.

Type:INDUSTRIAL

Property size:

18,700 SF

Lot size:

0.61 Acres

Price / SF:

$112/SF

Added:: May 22, 2025
Days on Market:: 387
Last Refresh:: May 19 at 10:58 pm

Property Features for 1011-1021 N 21st Ave

General Information

Standard status: Active
Size: 18,700 SF
Lot size: 0.61 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Landon McKernan

Listing agent Landon McKernan License #AZ SA690813000

Listing office LevRose Commercial Real Estate

Listing date May 22, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LevRose Commercial Real Estate

HighLights

100% leased with NNN leases providing immediate and stable income
Strategic location near I‑17 and I‑10 freeways, offering excellent accessibility
Dock and grade level loading provides versatile options
Rail access for potential cost‑effective transportation
Multi‑tenant building with potential for diversified income
±12‑18’ clear height suitable for a variety of industrial uses

Overview

This 18,700 square foot industrial building is 100% leased with NNN leases. Constructed of block, the multi-tenant building is configured into 3 suites. It features approximately 12 to 18 feet of clear height. Loading is facilitated by both dock and grade level doors, with 4 grade level and 2 dock high doors available. The property also benefits from rail access and LED lighting. Its location provides convenient access to the I-17 and I-10 freeways.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$190.7k	$10.20
− Vacancy	−$22.7k	−$1.21
EGI	$168.0k	$8.99
− OpEx	−$25.2k	−$1.35
NOI	$142.8k	$7.64

18,700 SF · lease $10.20/SF/yr · vacancy 11.90% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$2.04M

$1.79M – $2.38M (±1% cap)

NOI $142,836 @ 7.0% cap · market cap 6.80%

Second Best

Industrial

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,629 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$5.66M

$4.96M – $6.61M (±1% cap)

NOI $396,507 @ 7.0% cap · market cap 18.88%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.104
Latitude: 33.4588

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For sale
Warehouses
AZ
Phoenix
1011-1021 N 21st Ave

What type of property is this?

Warehouse - 18,700 SF industrial building near I-17 and I-10.

Where is this warehouse located?

The property is located at 1011-1021 N 21st Ave Phoenix, AZ.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 100% leased with NNN leases providing immediate and stable income; Strategic location near I‑17 and I‑10 freeways, offering excellent accessibility; Dock and grade level loading provides versatile options

1011-1021 N 21st Ave, Phoenix, AZ

18,700 SF industrial building near I-17 and I-10.

Property Features for 1011-1021 N 21st Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

Multifamily Property with Three Buildings

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

Phoenix Multifamily Investment Opportunity

Triplex with Private Gated Yards

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