Fenced Industrial
3420 South 3rd Place, Phoenix, AZ 85040
For Sale
Contact for pricing
Secured industrial facility combining warehouse, office, covered storage, and a paved outdoor yard with multiple access points.
Property Size9,500 SF
Lot Size0.78 Acres
Price / SF$231.58
Days on Market60
Property Features for 3420 South 3rd Place
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Amenities
Conference Room
Kitchenette
Listing Agency:
Rein & Grossoehme Commercial Real Estate
Listed By:
Max Schumacher, SIOR · License AZ SA678600000
(480) 214-9403
Source:
Crexi
Added: Sep 15
Changed: Nov 5
Last Checked: Nov 12 at 7:46AM
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 Rein & Grossoehme Commercial Real Estate
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Investment Insights
Based on property information with market context.
This industrial property offers approximately 9,500 square feet of improvements on 0.78 acres. The configuration includes about 3,800 square feet of warehouse space with 15-foot clear height, four grade-level doors measuring 14 feet wide by 12 feet high, and two yard docks with a ramp. Approximately 1,100 square feet is dedicated to office space, with three restrooms, a conference room, and a kitchenette. Covered storage accounts for approximately 4,600 square feet.
The site is fully concrete paved, fenced, and secured, with two points of ingress and egress. It is located at 3420 South 3rd Place in Phoenix, adjacent to the City of Phoenix Police Department, approximately 1.5 miles from I-17, and within convenient reach of Downtown Phoenix, Sky Harbor, and I-10. The property is suited to an owner-user or investment strategy, with a three-year sale-leaseback available upon closing. An income-producing cell tower is separately available for purchase.
The site is fully concrete paved, fenced, and secured, with two points of ingress and egress. It is located at 3420 South 3rd Place in Phoenix, adjacent to the City of Phoenix Police Department, approximately 1.5 miles from I-17, and within convenient reach of Downtown Phoenix, Sky Harbor, and I-10. The property is suited to an owner-user or investment strategy, with a three-year sale-leaseback available upon closing. An income-producing cell tower is separately available for purchase.
Key Highlights
- Approximately 9,500 SF of industrial buildings on 0.78 acres
- Approximately 3,800 SF warehouse with 15’ clear height
- Four grade‑level doors, each 14’W x 12’H
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,564
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,280
$1.5M
Cap Rate 7%
$1,036,629
$1.0M
Cap Rate 9%
$806,267
$806.3K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$96.9K $10.20/SF
− Vacancy
−$11.5K −$1.21/SF
EGI
$85.4K $8.99/SF
− OpEx
−$12.8K −$1.35/SF
NOI
$72.6K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,280
Cap Rate 7%
$1,036,629
Cap Rate 9%
$806,267
Alternative Uses
Best Use
Warehouse
$1.04M
$907.1K – $1.21M
NOI $72,564 @ 7.0% cap · market cap 3.30%
Second Best
Industrial
$853.7K
$747.0K – $996.0K
NOI $59,758 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,434 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
15 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
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Market
Average Price Trend$/SF for Industrial properties in Phoenix, AZ
Properties on Market for Industrial properties in Phoenix
Vacancy Rate% for Industrial in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Industrial property - Secured industrial facility combining warehouse, office, covered storage, and a paved outdoor yard with multiple access points.
Where is this industrial property located?
The property is located at 3420 South 3rd Place Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 9,500 SF of industrial buildings on 0.78 acres; Approximately 3,800 SF warehouse with 15’ clear height; Four grade‑level doors, each 14’W x 12’H
