Listing Agency: CBRE | Phoenix m***@cbre.com Show Phone

Listed By: Mark Gustin Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 14 Last Checked: Aug 20 at 10:38AM

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Investment Insights

Based on property information with market context.

Flex and industrial space is available for rent at a property located on East Elwood Street in Phoenix, Arizona. The property is suitable for commercial real estate purposes.

Key Highlights

• Flex/industrial space available for rent
• Located in Phoenix, Arizona
• Property is suitable for both flex and industrial use

Property Analytics

Property Profile

Current Use

Phoenix Office Corporate Office I-10 Broadway Curve ... Construction Company

Suggested Use

Top Pick Hair Salon Real Estate Agency Nail Salon Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.55 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

406

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 85034, AZ

5,033

Population

2,901

Households

1.7

Avg Household Size

32

Median Age

32%

College-Educated

81%

High-School Grad

11.6 sq mi

ZIP Area

434

Density / Sq Mi

$53,545

Median Household Income

$43,236

Median Earnings

$1,205

Median Rent

$397,400

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$19.78 /SF/Yr

Avg Asking Price

$12–$39.78 /SF/Yr

Price Range

14,144 SF

Avg Space Size

This space is priced 14% below the average of $19.78 /SF/Yr.

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019

8.1% 2020

5% 2021

4.4% 2022

8.9% 2023

12.2% 2024

12.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex/Industrial space for rent in Phoenix, Arizona.

Where is this flex space located?

The property is located at 3157 East Elwood Street Phoenix, AZ.

What is the lease rate?

The lease rate is $17 SF/Yr.

What are key features of this property?

This property features: Flex/industrial space available for rent; Located in Phoenix, Arizona; Property is suitable for both flex and industrial use