Industrial Flex Space with Grade-Level
For Sale
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2323 W Mescal St Unit 205-206, Phoenix, AZ 85029
Office build-outs and direct access near I-17 and Peoria Avenue support a range of flex-space configurations.
Property Size2,998 SF
Price / SF$1.20
Days on Market95
Property Features for 2323 W Mescal St Unit 205-206
General Information
Standard status
Active
Size
2,998 SF
Additional Details
Highway Access
Yes
Amenities
Various Office Build-outs
Grade Level Loading
Spec Suites
Building Details
Year Built
1980
Buildings
6
Listing Agency:
Cutler Commercial
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Phoenixhomehunter
Added: Jul 20
Changed: Oct 21
Last Checked: Oct 20 at 10:02PM
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 Cutler Commercial
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Investment Insights
Based on property information with market context.
Industrial flex suites at Metro Industrial Center range from 1,630 to 2,998 square feet, with office build-outs in varying configurations. Grade-level loading serves the spaces, and the clear height is approximately 16 feet. The property was built in 1980.
The center comprises six buildings totaling 113,887 square feet and sits directly off I-17 and Peoria Avenue in Phoenix. Parking is provided at a ratio of approximately 2.63 spaces per 1,000 square feet.
The center comprises six buildings totaling 113,887 square feet and sits directly off I-17 and Peoria Avenue in Phoenix. Parking is provided at a ratio of approximately 2.63 spaces per 1,000 square feet.
Key Highlights
- Suite sizes range from 1,630 to 2,998 SF
- Six‑building center totaling 113,887 SF
- Approximately 16‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,858
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,160
$377.2K
Cap Rate 7%
$269,400
$269.4K
Cap Rate 9%
$209,533
$209.5K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$30.6K $10.20/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$26.9K $8.99/SF
− OpEx
−$8.1K −$2.70/SF
NOI
$18.9K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,160
Cap Rate 7%
$269,400
Cap Rate 9%
$209,533
Alternative Uses
Best Use
Flex RnD
$470.4K
$411.6K – $548.8K
NOI $32,925 @ 7.0% cap · market cap 915.35%
Second Best
Industrial
$269.4K
$235.7K – $314.3K
NOI $18,858 @ 7.0% cap · market cap 524.27%
Theoretical Best
Office A
$908.1K
$794.6K – $1.06M
NOI $63,568 @ 7.0% cap · market cap 1,767.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Office build-outs and direct access near I-17 and Peoria Avenue support a range of flex-space configurations.
Where is this flex space located?
The property is located at 2323 W Mescal St Unit 205-206 Phoenix, AZ.
What are key features of this property?
This property features: Suite sizes range from 1,630 to 2,998 SF; Six‑building center totaling 113,887 SF; Approximately 16‑foot clear height
