Single-Tenant Industrial
2340 N 34th Dr Phoenix, AZ 85009
2340 N 34th Dr, Phoenix, AZ, 85009
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For Sale
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Turnkey industrial building with renovated office space, heavy power, and two grade-level doors on a secured, block-walled yard.
Property Size14,880 SF
Price / SF$248.32
Days on Market95
Property Features for 2340 N 34th Dr
General Information
- Standard status
- Active
- Size
- 14,880 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1982
Listing agency
Citywide Commercial Real Estate
(602) 313-1000
Listed by
Todd Hamilton · License #AZ 113954000
Source
Crexi
Added: Apr 20 Updated: Jul 22 at 5:14PM Checked: Jul 22 at 5:14PM
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 Citywide Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully renovated single-tenant industrial building offers a combined warehouse and office configuration totaling 14,880 SF, including approximately 12,617 SF of warehouse space and about 2,263 SF of office. The property was renovated in 2023 and includes a new roof, HVAC system, and electrical. Warehouse features include 14’ clear height and heavy 3-phase power, along with two grade-level doors sized 10’x12’ and 14’x12’. Office improvements include six offices, a conference room, and a breakroom, plus three restrooms including a shower.
The site is secured with a block wall and includes a covered parking area with prominent signage. The property also provides a yard area for day-to-day operations and is located close to major freeways for convenient access.
The building is presented in turnkey condition, with updated building systems and dedicated loading via two grade-level doors suitable for a range of industrial operations.
The site is secured with a block wall and includes a covered parking area with prominent signage. The property also provides a yard area for day-to-day operations and is located close to major freeways for convenient access.
The building is presented in turnkey condition, with updated building systems and dedicated loading via two grade-level doors suitable for a range of industrial operations.
Key Highlights
- Fully renovated single‑tenant industrial building (1982), turnkey condition (2023)
- 14,880 SF total with approx. 12,617 SF warehouse and 2,263 SF office
- 0.93‑acre secured yard with block wall and covered parking
Local Financial Insights For Office B
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 | $457.1k | $30.72 |
| − Vacancy | −$117.5k | −$7.90 |
| EGI | $339.6k | $22.82 |
| − OpEx | −$84.9k | −$5.71 |
| NOI | $254.7k | $17.12 |
14,880 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.64M
$3.18M – $4.25M
NOI $254,727 @ 7.0% cap · market cap 6.89%
Second Best
Flex RnD
$2.33M
$2.04M – $2.72M
NOI $163,418 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$4.51M
$3.94M – $5.26M
NOI $315,510 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Atlas Group Services
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Swanson Services Corporation — 3116 W Thomas Rd # 603, Phoenix, AZ 85017
FAQs
What type of property is this?
Flex space - Turnkey industrial building with renovated office space, heavy power, and two grade-level doors on a secured, block-walled yard.
Where is this flex space located?
The property is located at 2340 N 34th Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: Fully renovated single‑tenant industrial building (1982), turnkey condition (2023); 14,880 SF total with approx. 12,617 SF warehouse and 2,263 SF office; 0.93‑acre secured yard with block wall and covered parking
