Tempe Flex Space Opportunity

205 S McClintock Dr, Tempe, AZ

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For Sale

Contact for pricing

7,676 SF flex space in Smith Innovation Hub.

Type:RETAIL

Property size:

7,676 SF

Lot size:

0.64 Acres

Price / SF:

$208/SF

HighLights

Highly Sought‑after Smith Innovation Hub Industrial Park location
Owner/User opportunity
Outside storage in Tempe, Arizona
Can be divided into (3) separate suites
4 Roll‑up doors - 10’x10’
Frontage on McClintock drive (33,219 VPD)

We can help!

Listing Contact

Nick Miner CCIM

Learn more

For Sale

Contact for pricing

7,676 SF flex space in Smith Innovation Hub.

Type:RETAIL

Property size:

7,676 SF

Lot size:

0.64 Acres

Price / SF:

$208/SF

Added:: Jul 12, 2024
Days on Market:: 710
Last Refresh:: May 20 at 8:25 pm

Property Features for 205 S McClintock Dr

General Information

Standard status: Active
Size: 7,676 SF
Lot size: 0.64 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Nick Miner CCIM

Listing agent Nick Miner CCIM License #BR530564000

Listing office ORION Investment Real Estate

Listing date Jul 12, 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 ORION Investment Real Estate

HighLights

Highly Sought‑after Smith Innovation Hub Industrial Park location
Owner/User opportunity
Outside storage in Tempe, Arizona
Can be divided into (3) separate suites
4 Roll‑up doors - 10’x10’
Frontage on McClintock drive (33,219 VPD)

Overview

This property offers an owner/user opportunity within the highly sought-after Smith Innovation Hub Industrial Park in Tempe, Arizona. The building provides approximately 7,676 square feet of space. Zoned GID by the City of Tempe, the open shell allows for a turn-key buildout. The property can be divided into three separate suites. It features four roll-up doors, each measuring 10 feet by 10 feet, and a 12-foot clear height. The property benefits from frontage on McClintock Drive, which sees an average daily traffic volume of 33,219 vehicles. It also includes outside storage space.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$105.9k	$13.80
− Vacancy	−$6.1k	−$0.80
EGI	$99.8k	$13.00
− OpEx	−$15.0k	−$1.95
NOI	$84.8k	$11.05

7,676 SF · lease $13.80/SF/yr · vacancy 5.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,817 @ 7.0% cap · market cap 5.30%

Second Best

Flex RnD

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,607 @ 7.0% cap · market cap 5.10%

Theoretical Best

Office A

$2.41M

$2.11M – $2.82M (±1% cap)

NOI $168,967 @ 7.0% cap · market cap 10.56%

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

Location Intelligence

Current Use by Public Records

DESERT MARINE RECYCLERS (Bike/Boat/Book/etc) Store

Suggested Use

Similar Places Nearby

The Chicken Coop AZ — 1900 E 5th St, Tempe, AZ 85281
G-Gems Bakery Cafe — 1900 E 5th St, Tempe, AZ 85288

Location Insight

Map
Local Demand

City: Tempe
County: Maricopa
State: Arizona
Longitude: -111.909
Latitude: 33.4281

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For sale
Flex space
AZ
Tempe
205-209 S McClintock Dr

What type of property is this?

Flex space - 7,676 SF flex space in Smith Innovation Hub.

Where is this flex space located?

The property is located at 205 S McClintock Dr Tempe, AZ.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Highly Sought‑after Smith Innovation Hub Industrial Park location; Owner/User opportunity; Outside storage in Tempe, Arizona

205 S McClintock Dr, Tempe, AZ

7,676 SF flex space in Smith Innovation Hub.

Property Features for 205 S McClintock Dr

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

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Tempe Garden-Style Apartment Complex

Turnkey Tempe Duplex Investment

Freestanding Commercial Building

Tempe Multifamily Near ASU Campus

Fully Remodeled Duplex

Tempe Crossing Drive-Thru Investment

Freestanding Office Building with Suites

Renovated Income Property in Tempe

Furnished Triplex with Attached Garage

Renovated Duplex in Central Tempe

Remodeled Tempe Multi-Family Investment

Tempe Standalone Office Property

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