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Industrial Flex Space
For Lease
$4,345/Mo NNN

1940 W Elliot Road B105, Gilbert, AZ 85233

Built-out commercial unit with air-conditioned offices and a warehouse area without cooling.

Space SizeContact for details
Days on Market12

Property Features for 1940 W Elliot Road B105

General Information

Standard status Active

Building Details

Year Built 2007
Listing Agency: AXIS Real Estate
Listed By: Jon David Benton · License #SA578109000
Source: Houzaz
Added: Aug 18 Changed: Aug 28 Last Checked: Aug 29 at 11:32AM

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 AXIS Real Estate

Investment Insights

Based on property information with market context.

This 3,161-square-foot industrial flex unit combines finished office space with warehouse functionality. The 1,260-square-foot office component is fully air conditioned, while the 1,900-square-foot warehouse area does not have air conditioning. The property was constructed in 2007.

Located at 1940 W Elliot Road, Suite B105, in Gilbert, Arizona, the space is offered under a NNN lease structure with 3% annual increases. The configuration provides a dedicated office component alongside substantial warehouse space within one commercial unit.

Key Highlights

  • 3,161 SF industrial flex unit
  • Fully air‑conditioned 1260SF office area
  • 1900SF warehouse area without AC

Property Analytics

Current Use

Alliance Flooring Sales Carpet & Flooring Store Ophthalmic Instruments, Inc Production Facility Lean Lifestyle Restaurant DC Precision Ceramics Production Facility Slick Barrier Garden Center

Suggested Use

Top Pick Restaurant Real Estate Agency Pharmacy Law Firm Hotel & Motel Grocery & Convenience 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

Location Intelligence

Trade Area within ½ mile

1,326
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85233, AZ

39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Flex space - Built-out commercial unit with air-conditioned offices and a warehouse area without cooling.
Where is this flex space located?
The property is located at 1940 W Elliot Road B105 Gilbert, AZ.
What is the lease rate?
The lease rate is $4,345/Mo.
What are key features of this property?
This property features: 3,161 SF industrial flex unit; Fully air‑conditioned 1260SF office area; 1900SF warehouse area without AC
More about this property
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