Distribution
For Sale
$1,437,500
3240 N Colorado St, Chandler, AZ 85225
Built in 1987 with a three-year seller leaseback structure.
Property Size14,254 SF
Days on Market53
Property Features for 3240 N Colorado St
General Information
Standard status
Active
Size
14,254 SF
Class
C
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
14,254 SF
Year Built
1987
Units
2
Listing Agency:
Levrose Commercial Real Estate
Listed By:
Aaron Norwood · License #SA561466000
(480) 294-6016
Source:
Commercialcafe
Added: Aug 15
Changed: Sep 28
Last Checked: Oct 5 at 3:27PM
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 Levrose Commercial Real Estate
Investment Insights
Based on property information with market context.
This distribution center at 3240 N Colorado St in Chandler, Arizona, was built in 1987. The sale is structured as a sale-leaseback, with the seller remaining in occupancy under a three-year leaseback arrangement.
Key Highlights
- Sale‑leaseback structure with a 3‑year seller leaseback
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,148
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,282,960
$2.3M
Cap Rate 7%
$1,630,686
$1.6M
Cap Rate 9%
$1,268,311
$1.3M
Market Conditions
NOI Build-Up for 14,254 SF
Gross rent
$196.7K $13.80/SF
− Vacancy
−$33.6K −$2.36/SF
EGI
$163.1K $11.44/SF
− OpEx
−$48.9K −$3.43/SF
NOI
$114.1K $8.01/SF
Area
Chandler, AZ
Vacancy
17.10%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,282,960
Cap Rate 7%
$1,630,686
Cap Rate 9%
$1,268,311
Alternative Uses
Best Use
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,608 @ 7.0% cap · market cap 9.64%
Second Best
Industrial
$1.63M
$1.43M – $1.90M
NOI $114,148 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$4.09M
$3.57M – $4.77M
NOI $285,992 @ 7.0% cap · market cap 19.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Built in 1987 with a three-year seller leaseback structure.
Where is this distribution center located?
The property is located at 3240 N Colorado St Chandler, AZ.
What is the asking price?
The asking price for this property is $1,437,500.
What are key features of this property?
This property features: Sale‑leaseback structure with a 3‑year seller leaseback; Built in 1987
