Single-Tenant Mixed-Use
New
For Sale
$16,000,000
3195 W Armstrong Pl, Chandler, AZ 85286
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 Market2
Property Features for 3195 W Armstrong Pl
General Information
Standard status
Active
Size
66,813 SF
Lot size
5.16 Acres
Property subtype
Industrial
Additional Details
Asking Price
$16,000,000
Building Details
Buildings
1
Building Size
66,813 SF
Tenancy
Single
Listing Agency:
Phoenix
Listed By:
Paul Sieczkowski
(602) 222-5085
Source:
Colliers
Added: Sep 26
Last Checked: Sep 26 at 3:01PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$811,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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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
