Industrial Flex Warehouse with
105 N Pasadena St Gilbert, AZ 85233
For Sale
Contact for pricing
Flex warehouse offering fenced, gated yard, two 12’ grade level doors, and 16–18 ft clear height.
Property Size11,424 SF
Price / SF$280.11
Days on Market689
Property Features for 105 N Pasadena St
General Information
Standard status
Active
Size
11,424 SF
Property subtype
INDUSTRIAL
Listing Agency:
LevRose Commercial Real Estate
(480) 510-1353
Listed By:
Aaron Norwood · License #SA561466000
(480) 510-1353
Source:
Moodyscre
Added: Sep 9, 2024
Changed: Jul 27
Last Checked: Jul 29 at 1:49PM
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
Investment Insights
Based on property information with market context.
This industrial flex warehouse includes an efficient office area with high ceilings and is built to allow for a demised second suite. The facility features two 12’ grade level doors and 16–18 ft clear height, along with heavy power support for industrial use. A fenced and gated yard provides secure outdoor space for operations.
The property is located at 105 N Pasadena St in Gilbert, Arizona. The seller offers a leaseback structure, with terms noted as up to five years and an initial one-year leaseback.
As provided, investment-related information includes an indicated cap rate of 5.89% in the public remarks.
The property is located at 105 N Pasadena St in Gilbert, Arizona. The seller offers a leaseback structure, with terms noted as up to five years and an initial one-year leaseback.
As provided, investment-related information includes an indicated cap rate of 5.89% in the public remarks.
Key Highlights
- 5.89% investment cap rate with seller leaseback of up to 5 years (one‑year leaseback)
- Flex warehouse with fenced/gated yard
- Two 12’ grade level doors
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.6k | $18.00 |
| − Vacancy | −$24.7k | −$2.16 |
| EGI | $181.0k | $15.84 |
| − OpEx | −$63.3k | −$5.54 |
| NOI | $117.6k | $10.30 |
11,424 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,622 @ 7.0% cap · market cap 3.68%
Second Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,369 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,957 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse offering fenced, gated yard, two 12’ grade level doors, and 16–18 ft clear height.
Where is this flex space located?
The property is located at 105 N Pasadena St Gilbert, AZ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 5.89% investment cap rate with seller leaseback of up to 5 years (one‑year leaseback); Flex warehouse with fenced/gated yard; Two 12’ grade level doors
