Single-Tenant Mixed-Use
3195 W Armstrong Pl, Chandler, AZ 85286
For Sale
$16,000,000
The Chandler property brings office, industrial, and manufacturing functions together in one facility.
Property Size66,813 SF
Lot Size5.16 Acres
Price / SF$239.47
Days on Market50
Property Features for 3195 W Armstrong Pl
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Asking Price
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Phoenix
Listed By:
Paul Sieczkowski
(602) 222-5085
Source:
Colliers
Added: Sep 26
Changed: Oct 26
Last Checked: Nov 6 at 5:45AM
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 Phoenix
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Investment Insights
Based on property information with market context.
Located at 3195 W Armstrong Place in Chandler, Arizona, this single-tenant property contains approximately 66,813 square feet on 5.16 acres. Its building combines office, industrial, and manufacturing space.
Key Highlights
- Approximately 66,813 square feet of building area
- Situated on approximately 5.16 acres
- Configured for a single tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$811,778
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,235,560
$16.2M
Cap Rate 7%
$11,596,829
$11.6M
Cap Rate 9%
$9,019,756
$9.0M
Market Conditions
NOI Build-Up for 66,813 SF
Gross rent
$1.44M $21.60/SF
− Vacancy
−$144.3K −$2.16/SF
EGI
$1.30M $19.44/SF
− OpEx
−$487.1K −$7.29/SF
NOI
$811.8K $12.15/SF
Area
Chandler, AZ
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,235,560
Cap Rate 7%
$11,596,829
Cap Rate 9%
$9,019,756
Alternative Uses
Best Use
Mixed Use
$11.60M
$10.15M – $13.53M
NOI $811,778 @ 7.0% cap · market cap 5.07%
Second Best
Industrial
$7.64M
$6.69M – $8.92M
NOI $535,048 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$19.15M
$16.76M – $22.34M
NOI $1,340,536 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
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Business Placement
Demographics for 85286, AZ
49,407
Population
18,387
Households
2.7
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
15.9 sq mi
ZIP Area
3,107
Density / Sq Mi
$118,759
Median Household Income
$62,524
Median Earnings
$2,031
Median Rent
$548,900
Median Home Value
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Market
Properties on Market for Mixed-use properties in Maricopa County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The Chandler property brings office, industrial, and manufacturing functions together in one facility.
Where is this mixed-use property located?
The property is located at 3195 W Armstrong Pl Chandler, AZ.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Approximately 66,813 square feet of building area; Situated on approximately 5.16 acres; Configured for a single tenant
