Industrial Condo
1419 W 12th Pl Tempe, AZ 85281
1419 W 12th Pl, Tempe, AZ, 85281
Contact for pricing
For Sale
Contact for pricing
Two adjacent industrial condos in Tempe total 10,600 square feet with two tenants in place.
Property Size10,600 SF
Price / SF$220
Days on Market34
Property Features for 1419 W 12th Pl
General Information
- Standard status
- Active
- Size
- 10,600 SF
- Property subtype
- INDUSTRIAL
Listing agency
Colliers | Phoenix
(480) 748-1834
Listed by
Chris Reese · License #SA684201000
(480) 748-1834
Source
Moodyscre
Added: Jun 18 Updated: Jul 21 at 8:08AM Checked: Jul 21 at 8:08AM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
Two adjacent industrial condos are offered for sale through Colliers International as exclusive advisor. The property totals 10,600 square feet and is currently occupied by two tenants, providing immediate income-producing occupancy.
The location is described as being in the heart of Tempe, with access to Interstate 10 and the Loop 202 within about five minutes.
This offering combines two neighboring industrial condo units into one consolidated acquisition, ideal for buyers seeking a value-add, multi-tenant industrial setup within an established area.
The location is described as being in the heart of Tempe, with access to Interstate 10 and the Loop 202 within about five minutes.
This offering combines two neighboring industrial condo units into one consolidated acquisition, ideal for buyers seeking a value-add, multi-tenant industrial setup within an established area.
Key Highlights
- Two adjacent industrial condos in Tempe total 10,600 SF
- Two tenants currently in place
- Located about five minutes from Interstate 10 and Loop 202
Local Financial Insights For Warehouse
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 | $146.3k | $13.80 |
| − Vacancy | −$8.5k | −$0.80 |
| EGI | $137.8k | $13.00 |
| − OpEx | −$20.7k | −$1.95 |
| NOI | $117.1k | $11.05 |
10,600 SF · lease $13.80/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,126 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,332 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vinifera Distributing
Brewery & Distillery
Branding Boxes LLC
Big Box & Wholesale Store
Fantastic Sams Regional ...
Hair Salon
Desert EDM Sales
Factory
RMC Logistics Llc
Logistics Company
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FAQs
What type of property is this?
Warehouse - Two adjacent industrial condos in Tempe total 10,600 square feet with two tenants in place.
Where is this warehouse located?
The property is located at 1419 W 12th Pl Tempe, AZ.
What is the asking price?
The asking price for this property is $2,332,000.
What are key features of this property?
This property features: Two adjacent industrial condos in Tempe total 10,600 SF; Two tenants currently in place; Located about five minutes from Interstate 10 and Loop 202
