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    Phoenix Flex Building For Sale Title is generated by Realmo AI

    2625 E Rose Garden Ln, Phoenix, AZ 85050

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    14,621 SF flex building with high-end finishes and modern warehouse potential.

    Type:Industrial, Mixed Use, Office
    Property size:
    14,621 SF
    Price / SF:
    $341/SF
    Added:
    Feb 2, 2023
    Days on Market:
    1250
    Last Refresh:
    Jul 2 at 8:44 am

    Property Features for 2625 E Rose Garden Ln

    General Information

    Standard status
    Active
    Size
    14,621 SF
    Property subtype
    Industrial, Mixed Use, Office

    Building Details

    Year Built
    2004

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    Kyle Mcginley
    Kyle Mcginley

    Listing office Ross Brown Partners, Inc

    Listing date Feb 2, 2023

    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 Ross Brown Partners, Inc

    HighLights

    • Leased to Exos, a well‑known tenant, since 2014
    • Significant CAPEX investment by current tenant (Exos)
    • Potential to convert to modern warehouse space with high‑end office finishes
    • Estimated Net Operating Income (NOI) of $326,000 for 2025
    • Grade level loading doors
    • Awarded Architectural Building of the Year

    Overview

    This 14,621 square foot flex building, located in Phoenix, Arizona, currently serves as the headquarters for Exos, housing their recording studios, executive offices, and training areas. Exos has occupied the building since 2014 and has invested significantly in capital expenditures. The property offers the potential to be converted into modern warehouse space with Class A++ finishes in the office area. The lease expires in December 2027. Loading is facilitated by grade-level doors. Annual escalations are set at 100% of the Consumer Price Index (CPI). The estimated Net Operating Income (NOI) for 2025 is $326,000. The building was awarded Architectural Building of the Year.

    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 $449.2k $30.72
    − Vacancy −$115.4k −$7.90
    EGI $333.7k $22.82
    − OpEx −$83.4k −$5.71
    NOI $250.3k $17.12
    14,621 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.58M
    $3.13M – $4.17M (±1% cap)
    NOI $250,293 @ 7.0% cap · market cap 5.01%
    Second Best
    Flex RnD
    $2.29M
    $2.01M – $2.68M (±1% cap)
    NOI $160,574 @ 7.0% cap · market cap 3.21%
    Theoretical Best
    Office A
    $4.43M
    $3.88M – $5.17M (±1% cap)
    NOI $310,018 @ 7.0% cap · market cap 6.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement Communities Retirement Community RoseGarden Office Building Real Estate Agency

    Suggested Use

    Restaurant Hotel & Motel Law Firm Dental Office Spa & Massage Center Grocery & Convenience Store Food Market Real Estate Agency Auto Parts Store Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0253888
    Latitude
    33.6763417

    FAQs

    What type of property is this?
    Flex space - 14,621 SF flex building with high-end finishes and modern warehouse potential.
    Where is this flex space located?
    The property is located at 2625 E Rose Garden Ln Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Leased to Exos, a well‑known tenant, since 2014; Significant CAPEX investment by current tenant (Exos); Potential to convert to modern warehouse space with high‑end office finishes
    (480) 362-9507 Call to check price and availability
    More about this property
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