Distribution Center with Excess
For Sale
Contact for pricing
4140 South Signal Butte Road, Mesa, AZ 85212
Brand-new industrial improvements include an accompanying excess yard and are fully leased.
Property Size39,995 SF
Price / SF$370.05
Days on Market12
Property Features for 4140 South Signal Butte Road
General Information
Standard status
Active
Size
39,995 SF
Class
A
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$797,900
Building Details
Buildings
1
Tenancy
Single
Building Size
39,995 SF
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
(602) 695-4700
Listed By:
Foster Bundy · License #SA670164000
Source:
Crexi
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 8:36AM
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 Cushman & Wakefield - Phoenix, Arizona
Investment Insights
Based on property information with market context.
Atlas Exchange is a brand-new distribution center at 4140 South Signal Butte Road in Mesa, Arizona. The property includes a 39,995-square-foot industrial building along with approximately 1.26 acres of excess yard area. The facility is 100% leased, providing an occupied industrial asset with building and yard components.
Key Highlights
- 39,995 SF brand‑new industrial building
- Approximately 1.26 AC of excess yard
- 100% leased industrial asset
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
$485,455
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
3.28%
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%
$9,709,100
$9.7M
Cap Rate 7%
$6,935,071
$6.9M
Cap Rate 9%
$5,393,944
$5.4M
Market Conditions
NOI Build-Up for 39,995 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
$609.5K $15.24/SF
− Vacancy
−$38.4K −$0.96/SF
EGI
$571.1K $14.28/SF
− OpEx
−$85.7K −$2.14/SF
NOI
$485.5K $12.14/SF
Area
ZIP 85212
Vacancy
6.30%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
15.00%
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%
$9,709,100
Cap Rate 7%
$6,935,071
Cap Rate 9%
$5,393,944
Alternative Uses
Best Use
Warehouse
$6.94M
$6.07M – $8.09M
NOI $485,455 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$5.71M
$5.00M – $6.66M
NOI $399,787 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$12.52M
$10.95M – $14.60M
NOI $876,178 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 85212, AZ
48,422
Population
16,576
Households
2.9
Avg Household Size
34
Median Age
42%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
1,254
Density / Sq Mi
$123,404
Median Household Income
$56,974
Median Earnings
$2,024
Median Rent
$530,700
Median Home Value
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 - Brand-new industrial improvements include an accompanying excess yard and are fully leased.
Where is this distribution center located?
The property is located at 4140 South Signal Butte Road Mesa, AZ.
What is the asking price?
The asking price for this property is $14,800,000.
What are key features of this property?
This property features: 39,995 SF brand‑new industrial building; Approximately 1.26 AC of excess yard; 100% leased industrial asset
