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    Glendale Cross Dock Distribution Building Title is generated by Realmo AI

    6701 N Logistics Way, Glendale, AZ

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    215,419 SF available in a 377,028 SF building.

    Type:INDUSTRIAL
    Property size:
    215,419 SF
    Lot size:
    30.08 Acres
    Added:
    Oct 24, 2024
    Days on Market:
    589
    Last Refresh:
    May 20 at 9:45 pm

    Property Features for 6701 N Logistics Way

    General Information

    Standard status
    Active
    Size
    215,419 SF
    Lot size
    30.08 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 6701 N Logistics Way Contact us

    We can help!

    Listing Contact
    Marc Hertzberg, SIOR
    Marc Hertzberg, SIOR

    Listing agent Marc Hertzberg, SIOR License #SA696593000

    Listing office JLL | Phoenix

    Listing date Oct 24, 2024

    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 JLL | Phoenix

    HighLights

    • 215,419 SF available in a 377,028 SF cross‑dock building
    • High power capacity: 800 amps existing with an additional 3,000 amps available
    • Secure facility with a fully gated truck court
    • Benefit from 36’ clear height and 52’ x 50’ column spacing
    • Equipped with 44 dock‑high doors and 2 grade‑level doors
    • Includes ± 4,000 SF of spec office space and a full warehouse HVAC system

    Overview

    A 215,419 square foot space is available within a 377,028 square foot cross dock building, situated on a 26.2 acre site. The building features dimensions of 490 feet by 744 feet and a 36-foot clear height. Column spacing is configured at 52 feet by 50 feet, complemented by a 190-foot concrete truck court. It includes 44 dock-high doors and two 14-foot by 14-foot grade-level doors. There are 55 trailer parking spaces, with the possibility of expansion, and 148 auto parking spaces. The property is equipped with an ESFR sprinkler system and a fully gated, secure truck court. Additional features include clerestory windows, a panelized roof system with R-30 batt insulation, white scrim under the roof deck, and R-11 wall insulation. The power supply is provided by APS, with 800 amps at 277/480v, 3 phase existing, and an additional 3,000 amps available if needed, with switch gear and distribution panels already procured. Water and sewer services are provided by EPCOR. The space includes approximately 4,000 square feet of spec office space, an R-11 wall insulation system at 10 feet to the roof deck, ten 40,000 lb capacity pit levelers with locks and lights, LED warehouse lighting at 30 foot candles on 15-foot whips with motion sensors, and a full warehouse HVAC system.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

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    • LuxeLocker Luxury Storage | Glendale, AZ — 6123 N 55th Ave, Glendale, AZ 85301
    • Allstar Movers - West Valley — 5806 W Market St, Glendale, AZ 85301

    Map

    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.185
    Latitude
    33.5349

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    FAQs

    What type of property is this?
    Warehouse - 215,419 SF available in a 377,028 SF building.
    Where is this warehouse located?
    The property is located at 6701 N Logistics Way Glendale, AZ.
    What are key features of this property?
    This property features: 215,419 SF available in a 377,028 SF cross‑dock building; High power capacity: 800 amps existing with an additional 3,000 amps available; Secure facility with a fully gated truck court
    (602) 282-6300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marc Hertzberg, SIOR
    Marc Hertzberg, SIOR
    Real Estate License ID: SA696593000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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