15' Clear-Height Warehouse
For Sale
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5202 S 39th St, Phoenix, AZ 85040
Two warehouse office suites with 15’ clear height, HVAC/evap cooling, and grade level doors, plus a secured yard.
Property Size14,214 SF
Price / SF$250
Days on Market197
Property Features for 5202 S 39th St
General Information
Standard status
Active
Size
14,214 SF
Class
B
Total Parking Spaces
38
Property subtype
Industrial
Zoning
Ind. PK
Occupancy
24%
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1985
Year Renovated
2025
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
LevRose Commercial Real Estate
Listed By:
Mark Cassell · License #AZ SA659518000
(818) 390-0838
Source:
Crexi
Added: Apr 9
Changed: Oct 14
Last Checked: Oct 20 at 8:35PM
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
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Investment Insights
Based on property information with market context.
The property offers two separately suited spaces that combine warehouse clear height with office amenities. Suite 101 features 15’ clear height, three grade level doors, evaporative cooling, and a metal mezzanine for additional warehouse storage. Office buildout includes nine private offices, three large bullpens, a conference room, and a kitchenette. Suite 102 also provides 15’ clear height with evaporative cooling and HVAC, plus one grade level door. Suite 102 includes an open office layout with reception, and was renovated in 2025.
Both suites are supported by substantial electrical service and are designed for industrial-day operations. Suite 101 is served by 800A and a 208/120V, 3-phase electric supply, and the property includes a secured yard. Suite 102 is served by 400A and a 208/120V, 3-phase electric supply.
Occupancy varies by suite. One suite is available to occupy on June 1, 2026, while Suite 102 is leased through 5/31/2030. The tenant pays $4,006.08 per month gross through the lease term. The property is located at 5202 S 39th St in Phoenix, AZ 85040.
Both suites are supported by substantial electrical service and are designed for industrial-day operations. Suite 101 is served by 800A and a 208/120V, 3-phase electric supply, and the property includes a secured yard. Suite 102 is served by 400A and a 208/120V, 3-phase electric supply.
Occupancy varies by suite. One suite is available to occupy on June 1, 2026, while Suite 102 is leased through 5/31/2030. The tenant pays $4,006.08 per month gross through the lease term. The property is located at 5202 S 39th St in Phoenix, AZ 85040.
Key Highlights
- Two warehouse office suites built in 1985, each with 15’ clear height and HVAC/evap cooling
- Suite 101: 3 grade level doors, metal mezzanine storage, and 800A 208/120V 3‑phase power
- Suite 101 includes 9 private offices, 3 large bullpens, a conference room, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,104
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,122,080
$3.1M
Cap Rate 7%
$2,230,057
$2.2M
Cap Rate 9%
$1,734,489
$1.7M
Market Conditions
NOI Build-Up for 14,214 SF
Gross rent
$272.9K $19.20/SF
− Vacancy
−$32.7K −$2.30/SF
EGI
$240.2K $16.90/SF
− OpEx
−$84.1K −$5.91/SF
NOI
$156.1K $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%
$3,122,080
Cap Rate 7%
$2,230,057
Cap Rate 9%
$1,734,489
Alternative Uses
Best Use
Flex RnD
$2.23M
$1.95M – $2.60M
NOI $156,104 @ 7.0% cap · market cap 4.39%
Second Best
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,570 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$4.31M
$3.77M – $5.02M
NOI $301,388 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Under-served
Demand for This Use
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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
Vacancy Rate% for Industrial in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Flex space - Two warehouse office suites with 15’ clear height, HVAC/evap cooling, and grade level doors, plus a secured yard.
Where is this flex space located?
The property is located at 5202 S 39th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,553,500.
What are key features of this property?
This property features: Two warehouse office suites built in 1985, each with 15’ clear height and HVAC/evap cooling; Suite 101: 3 grade level doors, metal mezzanine storage, and 800A 208/120V 3‑phase power; Suite 101 includes 9 private offices, 3 large bullpens, a conference room, and a kitchenette
