Flex Space with Evap-Cooled
For Sale
Contact for pricing
5202 S 39th St, Phoenix, AZ 85040
Two flex suites with 15-foot clear height, evaporative cooling, secured yard, and renovated 2025 office improvements.
Property Size14,214 SF
Price / SF$250
Days on Market102
Property Features for 5202 S 39th St
General Information
Standard status
Active
Size
14,214 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
4
Voltage
208 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Amenities
9 Private Offices
3 Large Bullpens
Conference Room
Kitchenette
Open Office
Reception
Listing Agency:
LevRose Commercial Real Estate
(480) 294-6584
Listed By:
Landon McKernan · License #SA690813000
(916) 872-7909
Source:
Moodyscre
Added: Apr 21
Changed: Jul 31
Last Checked: Jul 31 at 6:41AM
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.
This flex space offers two independently configured suites, each designed to support warehouse and office needs. Suite 101 includes 15’ clear height, evaporative cooling, a metal mezzanine storage area, and three (3) grade level doors. It also features 9 private offices plus three large bullpens, a conference room, and a kitchenette. Suite 102 provides 15’ clear height with HVAC and evaporative cooling, an open office and reception, and ONE (1) grade level door. Both suites include 3-phase power: Suite 101 has 800a 208/120v 3 phase power, while Suite 102 has 400a 208/120v 3 phase power. The property also includes a secured yard.
Suite 101 is available to occupy June 1st, 2026. Suite 102 is leased through 5/31/2030. The property totals 14,214 square feet.
Suite 101 is available to occupy June 1st, 2026. Suite 102 is leased through 5/31/2030. The property totals 14,214 square feet.
Key Highlights
- 14,214 SF flex space with two suites: Suite 101 and Suite 102
- 15’ clear height in both suites with evaporative cooling
- Suite 101: three (3) grade level doors; Suite 102: ONE (1) grade level door
Financial Insights For Flex RnD
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 | $272.9k | $19.20 |
| − Vacancy | −$32.7k | −$2.30 |
| EGI | $240.2k | $16.90 |
| − OpEx | −$84.1k | −$5.91 |
| NOI | $156.1k | $10.98 |
14,214 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 35.00%
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.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
991
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two flex suites with 15-foot clear height, evaporative cooling, secured yard, and renovated 2025 office improvements.
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: 14,214 SF flex space with two suites: Suite 101 and Suite 102; 15’ clear height in both suites with evaporative cooling; Suite 101: three (3) grade level doors; Suite 102: ONE (1) grade level door
