1911 N 22nd Ave, Phoenix, AZ
Warehouse with office space in central Phoenix location.
- Added:
- Oct 9, 2024
- Days on Market:
- 621
- Last Refresh:
- May 20 at 8:08 pm
Property Features for 1911 N 22nd Ave
General Information
- Standard status
- Active
- Size
- 101,524 SF
- Lot size
- 2.99 Acres
- Property subtype
- INDUSTRIAL
Listing agent Matt Leonard (602) 369-7127
Listing office LevRose Commercial Real Estate (602) 369-7127
Listing date Oct 9, 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 LevRose Commercial Real Estate
HighLights
- Great Central Phoenix location
- Close proximity to rail, I‑10, I‑17, SR‑51, SR‑101, SR‑202, U.S. 60
- Featuring ±10,000 SF of office space
- Benefit from five (5) loading doors, both ramps and dock high
- Complete tear off and replacement of all warehouse roofs in 2017, 2018, and 2019
- Clear height inside warehouses: 16’0” - 16’ 8”
Overview
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 | $1.04M | $10.20 |
| − Vacancy | −$123.2k | −$1.21 |
| EGI | $912.3k | $8.99 |
| − OpEx | −$136.8k | −$1.35 |
| NOI | $775.5k | $7.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.106
- Latitude
- 33.4708
