Listing Agency: Kidder Mathews

Listed By: Nathan Thinnes · License #SA530037000 Show Phone

Source: Crexi

Added: Sep 7 Changed: Oct 15 Last Checked: Oct 24 at 4:19PM

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

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Investment Insights

Based on property information with market context.

The 4217 E Cotton Center Blvd property offers approximately 88,140 square feet of flex space within The Cotton Center in Phoenix. The building is divided into three suites and is currently 69% leased, with existing R&D and life science occupancy supported by a 4.2-year WALT.

The property provides freeway access and is located near Sky Harbor International Airport. It is being offered through a receivership sale, with the potential to combine it with 4207 E Cotton Center.

Key Highlights

• Approximately 88,140 SF of flex space
• Three‑suite configuration within The Cotton Center
• Currently 69% leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$967,989

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$19,359,780 $19.4M

Cap Rate 7%

$13,828,414 $13.8M

Cap Rate 9%

$10,755,433 $10.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 88,140 SF

Gross rent

$1.69M $19.20/SF

− Vacancy

−$203.1K −$2.30/SF

EGI

$1.49M $16.90/SF

− OpEx

−$521.2K −$5.91/SF

NOI

$968.0K $10.98/SF

Area

Phoenix, AZ

Vacancy

12.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$19,359,780

Cap Rate 7%

$13,828,414

Cap Rate 9%

$10,755,433

Alternative Uses

Best Use

Flex RnD

$13.83M

$12.10M – $16.13M (±1% cap)

NOI $967,989 @ 7.0% cap · market cap 6.19%

Second Best

Industrial

$7.92M

$6.93M – $9.24M (±1% cap)

NOI $554,431 @ 7.0% cap · market cap 3.54%

Theoretical Best

Office A

$26.70M

$23.36M – $31.15M (±1% cap)

NOI $1,868,885 @ 7.0% cap · market cap 11.95%

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

SCHOTT MINIFAB Industrial Manufacturer

Suggested Use

Top Pick Dental Office Law Firm Spa & Massage Center Skin Care Clinic Hair Salon (Bike/Boat/Book/etc) Store

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

69%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,234

Businesses Nearby

Under-served

Demand for This Use

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

Market

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?

Flex space - Flex property with existing R&D and life science occupancy, freeway connectivity, and proximity to Sky Harbor International Airport.

Where is this flex space located?

The property is located at 4217 E Cotton Center Blvd Phoenix, AZ.

What is the asking price?

The asking price for this property is $15,640,000.

What are key features of this property?

This property features: Approximately 88,140 SF of flex space; Three‑suite configuration within The Cotton Center; Currently 69% leased