15' Clear-Height Warehouse
5202 S 39th St Phoenix, AZ 85040
5202 S 39th St, Phoenix, AZ, 85040
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For Sale
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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 Market104
Property Features for 5202 S 39th St
General Information
- Standard status
- Active
- Size
- 14,214 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing Agency
LevRose Commercial Real Estate
(818) 390-0838
Listed by
Mark Cassell · License #AZ SA659518000
Source
Crexi
Added: Apr 9 Updated: Jul 20 at 5:16 pm Checked: Jul 20 at 5:16 pm
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.7k | $30.72 |
| − Vacancy | −$112.2k | −$7.90 |
| EGI | $324.4k | $22.82 |
| − OpEx | −$81.1k | −$5.71 |
| NOI | $243.3k | $17.12 |
14,214 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.48M
$3.04M – $4.06M
NOI $243,325 @ 7.0% cap · market cap 6.85%
Second Best
Flex RnD
$2.23M
$1.95M – $2.60M
NOI $156,104 @ 7.0% cap · market cap 4.39%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trans-West Network Solutions
Telecommunications Service
Arizona Environmental Progress ...
Water Testing Service
Water Resources International ...
Water Treatment Supplier
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FAQs
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
