3442 W Wilshire Dr, Phoenix, AZ 85009

Building Details

Tenancy Multi-Tenant More

Listing Agency: Matthews Real Estate Investment Services | Phoenix Show Phone

Listed By: Gage Tuller · License #SA712585000(AZ) Show Phone

Source: Moodyscre

Added: Sep 16 Changed: Nov 1 Last Checked: Nov 8 at 8:37AM

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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 Matthews Real Estate Investment Services | Phoenix

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 33,823-square-foot industrial property is fully occupied by 19 tenants, creating a multi-tenant configuration with diversified in-place occupancy. Ownership will provide a five-year leaseback at market rental rates, supporting continuity following the sale. The asset carries a 7.48% pro forma capitalization rate.

Located at 3442 W Wilshire Dr in Phoenix, Arizona, the property also has frontage along 35th Avenue, providing access and exposure for the tenant base. The industrial building offers an established operating platform with current occupancy and multiple tenancy relationships in place.

Key Highlights

• 33,823‑square‑foot industrial property
• 19‑tenant occupancy provides a diversified tenancy profile
• 100% occupied at present

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$212,758

Cap Rate

4.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,255,160 $4.3M

Cap Rate 7%

$3,039,400 $3.0M

Cap Rate 9%

$2,363,978 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,823 SF

Gross rent

$345.0K $10.20/SF

− Vacancy

−$41.1K −$1.21/SF

EGI

$303.9K $8.99/SF

− OpEx

−$91.2K −$2.70/SF

NOI

$212.8K $6.29/SF

Area

Phoenix, AZ

Vacancy

11.90%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,255,160

Cap Rate 7%

$3,039,400

Cap Rate 9%

$2,363,978

Alternative Uses

Best Use

Industrial

$3.04M

$2.66M – $3.55M (±1% cap)

NOI $212,758 @ 7.0% cap · market cap 4.73%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$10.25M

$8.96M – $11.95M (±1% cap)

NOI $717,169 @ 7.0% cap · market cap 15.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Revealed Kingdom Church Church Apex Fabrication Engineer Carbon Mechanics Auto Repair Shop Mattress warehouse LLC Furniture & Home Goods BVA Auto Repair ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-Tenant-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,353

Businesses Nearby

Explore this area Business Placement

Demographics for 85009, AZ

50,439

Population

14,873

Households

3.4

Avg Household Size

31

Median Age

7%

College-Educated

59%

High-School Grad

14.7 sq mi

ZIP Area

3,431

Density / Sq Mi

$51,615

Median Household Income

$29,674

Median Earnings

$1,128

Median Rent

$215,300

Median Home Value

Market

Average Price Trend$/SF for Industrial properties in Phoenix, AZ

$367 Jul

$232 Aug

$235 Sep

$225 Oct

Properties on Market for Industrial properties in Phoenix

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019

8.1% 2020

5% 2021

4.4% 2022

8.9% 2023

12.2% 2024

12.7% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Fully occupied industrial asset with diversified tenancy and a seller-backed leaseback structure.

Where is this industrial property located?

The property is located at 3442 W Wilshire Dr Phoenix, AZ.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: 33,823‑square‑foot industrial property; 19‑tenant occupancy provides a diversified tenancy profile; 100% occupied at present