Flex Industrial Property with Fenced
1701 W Broadway Rd Mesa, AZ 85202
For Sale
Contact for pricing
Flex industrial property featuring a secured fenced yard and a large metal canopy, plus office/showroom space.
Property Size21,000 SF
Price / SF$276.19
Days on Market63
Property Features for 1701 W Broadway Rd
General Information
Standard status
Active
Size
21,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | Phoenix
(602) 954-3755
Listed By:
Matthew Hobaica
Source:
Moodyscre
Added: May 29
Changed: Jul 27
Last Checked: Jul 29 at 12:31PM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This flex industrial property includes a secured, fenced yard with exterior lighting and a large metal canopy designed for covered operations. Space is supported by a 5,500 SF office/showroom area for administrative use and client-facing needs, creating a practical live-work style setup within an industrial environment.
The property offers prime frontage along Broadway Road in Mesa’s industrial hub and convenient access to US-60, Loop 101, and Loop 202, with major airports also within reach.
With its combination of covered outdoor space, secure yard improvements, and dedicated office/showroom area, the building is suited to businesses that require both operational space and on-site customer or administrative capabilities.
The property offers prime frontage along Broadway Road in Mesa’s industrial hub and convenient access to US-60, Loop 101, and Loop 202, with major airports also within reach.
With its combination of covered outdoor space, secure yard improvements, and dedicated office/showroom area, the building is suited to businesses that require both operational space and on-site customer or administrative capabilities.
Key Highlights
- Prime frontage along Broadway Road in Mesa’s industrial hub
- Secured, fenced yard with exterior lighting
- ±10,000 SF metal canopy for covered operations
Financial Insights For Office B
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 | $607.3k | $28.92 |
| − Vacancy | −$127.5k | −$6.07 |
| EGI | $479.8k | $22.85 |
| − OpEx | −$119.9k | −$5.71 |
| NOI | $359.8k | $17.14 |
21,000 SF · lease $28.92/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.14M
$4.50M – $6.00M
NOI $359,837 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$2.99M
$2.61M – $3.48M
NOI $209,018 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $402,938 @ 7.0% cap · market cap 6.95%
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 industrial property featuring a secured fenced yard and a large metal canopy, plus office/showroom space.
Where is this flex space located?
The property is located at 1701 W Broadway Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Prime frontage along Broadway Road in Mesa’s industrial hub; Secured, fenced yard with exterior lighting; ±10,000 SF metal canopy for covered operations
