Phoenix Airport Area Flex
5324-5330 E Washington St, Phoenix, AZ
Call to check price and availability
Four-building flex space near Sky Harbor International Airport.
Type:INDUSTRIAL
Property size:
138,781 SFLot size:
11.02 Acres- Added:
- Jul 22, 2025
- Days on Market:
- 305
- Last Refresh:
- Apr 5 at 9:37 pm
Property Features for 5324-5330 E Washington St
General Information
- Standard status
- Active
- Size
- 138,781 SF
- Lot size
- 11.02 Acres
- Property subtype
- INDUSTRIAL
Listing agent Greer Oliver License #BR651991000
Listing office JLL | Phoenix (602) 282-6300
Listing date Jul 22, 2025
Source Moodyscre
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 JLL | Phoenix
HighLights
- Value‑add opportunity to increase returns through lease‑up strategy in a submarket with low vacancy (4.1%).
- Prime infill location in the airport submarket, just 1.5 miles from Sky Harbor International Airport.
- Excellent access to local and regional markets via proximity to major freeways.
- Located in a high barrier to entry area.
- Existing tenancy provides stable cash flow.
- Property consists of 138,781 SF across four buildings on nine acres.
Overview
Washington Business Park presents an opportunity to acquire a fee-simple interest in 138,781 square feet across four buildings on nine acres. Located at 5324, 5326, 5328, and 5330 E. Washington Street in Phoenix, Arizona, the property is situated in the airport submarket, approximately 1.5 miles northeast of Sky Harbor International Airport and adjacent to the Loop 202 freeway. The property is currently 40% leased to AZ Department of Economic Security, HOM, Inc., and Walgreens, with a 2.5-year weighted average remaining lease term. The location offers access to local and regional markets due to its proximity to Sky Harbor Airport and the Phoenix freeway system, including Loop 101, Loop 202, SR 51, SR 143, I-10, I-17, and US 60. This infill location offers potential investors a hedge against supply concerns, with the airport submarket vacancy rate at 4.1%, lower than the broader Phoenix Metro area's 12.5%. This value-add offering allows investors to enhance returns through an aggressive lease-up strategy, taking advantage of the submarket's vacancy rate and the absence of current industrial projects under construction. The existing tenancy provides stable cash flow while a business plan is formulated.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.967
- Latitude
- 33.4474
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Four-building flex space near Sky Harbor International Airport.
Where is this industrial property located?
The property is located at 5324-5330 E Washington St Phoenix, AZ.
What are key features of this property?
This property features: Value‑add opportunity to increase returns through lease‑up strategy in a submarket with low vacancy (4.1%).; Prime infill location in the airport submarket, just 1.5 miles from Sky Harbor International Airport.; Excellent access to local and regional markets via proximity to major freeways.
