Phoenix Industrial Property For
2336 E Magnolia St, Phoenix, AZ 85034
28,132 SF industrial property near Sky Harbor Airport.
Type:Industrial
Property size:
28,132 SFLot size:
2.36 AcresPrice / SF:
$287/SF- Added:
- Feb 16, 2026
- Days on Market:
- 84
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 2336 E Magnolia St
General Information
- Standard status
- Active
- Size
- 28,132 SF
- Lot size
- 2.36 Acres
- Property subtype
- Industrial
Listing agent Max Schumacher, SIOR License #SA678600000
Listing office Rein & Grossoehme Commercial Real Estate
Listing date Feb 16, 2026
Source Crexi
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 Rein & Grossoehme Commercial Real Estate
HighLights
- New 10‑year NNN lease extension through October 2036 with ~2.2% annual rent escalations, providing a stabilized income stream.
- Fully leased to Alliance Ambulance of Arizona, LLC, an essential‑use, recession‑resistant tenant.
- Located in Phoenix's premier Sky Harbor Airport submarket with immediate access to I‑10 and Loop 202.
- Zoned A‑2 Heavy Industrial, allowing for a wide range of uses.
- Two buildings totaling ±28,132 SF on ±2.36 acres, featuring six grade‑level doors in Building A and office space in Building B.
- Offered at $8,100,000 representing a 6.65% cap rate.
Overview
This ±28,132 SF single-tenant industrial property is located on ±2.36 acres in Phoenix's Sky Harbor Airport submarket. The property is fully leased to Alliance Ambulance of Arizona, LLC, part of Global Medical Response and parent of AMR, on a 10-year NNN lease extension through October 2036. The lease includes approximately 2.2% annual rent escalations and two 5-year renewal options at fair market value. The site includes two buildings: Building A at 2336 E Magnolia St (±18,400 SF) with six grade-level doors suited for fleet and warehouse operations, and Building B at 2333 E University Dr (±8,700 SF) with private offices, a bullpen area, three restrooms, and a break room. The fully asphalt-paved, low-coverage site is zoned A-2 Heavy Industrial by the City of Phoenix, allowing for fleet operations, warehousing, manufacturing, and outdoor storage. Located south of Phoenix Sky Harbor International Airport, the property is near Amazon, DHL, Iron Mountain, Fastenal, and Sundt, with access to I-10 and Loop 202. The infill airport submarket benefits from strong demand and limited supply of heavy industrial zoned land. Over $1.15M in planned capital improvements will enhance the property's value. Structured as a NNN lease, landlord responsibilities are limited to roof and structure only. The tenant, an essential-use, recession-resistant emergency medical services operator, covers all property taxes, insurance, utilities, HVAC, parking areas, and general maintenance.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Comtrans
Freight Service
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0320752
- Latitude
- 33.4231429
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - 28,132 SF industrial property near Sky Harbor Airport.
Where is this nnn property located?
The property is located at 2336 E Magnolia St Phoenix, AZ.
What is the asking price?
The asking price for this property is $8,100,000.
What are key features of this property?
This property features: New 10‑year NNN lease extension through October 2036 with ~2.2% annual rent escalations, providing a stabilized income stream.; Fully leased to Alliance Ambulance of Arizona, LLC, an essential‑use, recession‑resistant tenant.; Located in Phoenix's premier Sky Harbor Airport submarket with immediate access to I‑10 and Loop 202.
