Industrial Flex Property with Secured
2020 West 4th Street, Tempe, AZ 85281
For Sale
Contact for pricing
Heavy-power industrial facility with office buildout, loading access, and a paved, fenced yard.
Property Size39,480 SF
Price / SF$300
Days on Market103
Property Features for 2020 West 4th Street
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Building Details
Year Built
Tenancy
Listing Agency:
Ross Brown Partners, Inc
Listed By:
Kyle Mcginley · License AZ SA663730000
(480) 362-9507
Source:
Crexi
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 12 at 7:07AM
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 Ross Brown Partners, Inc
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Investment Insights
Based on property information with market context.
Built in 1997, this Tempe flex facility includes approximately 39,480 square feet of industrial space and roughly 8,000 square feet of office area. The property offers 20-foot clear height, two grade-level loading doors, and HVAC serving approximately 70% of the building. Heavy electrical service totals 2,000A at 120/208. The industrial building is identified as I-2 zoning.
A separate 1.46-acre secured yard is fully paved, lit, and fenced, with GID zoning identified for the yard area. The property is currently occupied by the owner/user and requires a six-month leaseback, providing a defined transition period for a future occupant.
A separate 1.46-acre secured yard is fully paved, lit, and fenced, with GID zoning identified for the yard area. The property is currently occupied by the owner/user and requires a six-month leaseback, providing a defined transition period for a future occupant.
Key Highlights
- Approximately 39,480 SF industrial facility with approximately 8,000 SF of office space
- 1.46 AC secured yard that is fully paved, lit, and fenced
- Two grade‑level loading doors and 20' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$436,241
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,724,820
$8.7M
Cap Rate 7%
$6,232,014
$6.2M
Cap Rate 9%
$4,847,122
$4.8M
Market Conditions
NOI Build-Up for 39,480 SF
Gross rent
$544.8K $13.80/SF
− Vacancy
−$31.6K −$0.80/SF
EGI
$513.2K $13.00/SF
− OpEx
−$77.0K −$1.95/SF
NOI
$436.2K $11.05/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,724,820
Cap Rate 7%
$6,232,014
Cap Rate 9%
$4,847,122
Alternative Uses
Best Use
Warehouse
$6.23M
$5.45M – $7.27M
NOI $436,241 @ 7.0% cap · market cap 3.68%
Second Best
Flex RnD
$6.00M
$5.25M – $7.00M
NOI $419,728 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$12.41M
$10.86M – $14.48M
NOI $869,050 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
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Market
Properties on Market for Flex space in Tempe
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- AZ Inspirations Catering — 2400 W Medtronic Way #2, Tempe, AZ 85281
- Arizona Party Wizards — 2400 W Medtronic Way # 2, Tempe, AZ 85281
- Morrison Catering — 2235 W 1st St, Tempe, AZ 85281
Frequently Asked Questions
What type of property is this?
Flex space - Heavy-power industrial facility with office buildout, loading access, and a paved, fenced yard.
Where is this flex space located?
The property is located at 2020 West 4th Street Tempe, AZ.
What is the asking price?
The asking price for this property is $11,844,000.
What are key features of this property?
This property features: Approximately 39,480 SF industrial facility with approximately 8,000 SF of office space; 1.46 AC secured yard that is fully paved, lit, and fenced; Two grade‑level loading doors and 20' clear height
