Casa Grande Industrial
For Sale
$5,500,000
550 W Centennial Blvd, Casa Grande, AZ 85122
Multi-building industrial property with expansion potential in Casa Grande, Arizona.
Property Size42,865 SF
Lot Size5.37 Acres
Price / SF$220
Days on Market217
Property Features for 550 W Centennial Blvd
General Information
Standard status
Active
Size
42,865 SF
Lot size
5.37 Acres
Property subtype
Industrial
Building Details
Building Size
42,865 SF
Year Built
2000
Listing Agency:
Commercial Properties Inc Tempe
Listed By:
Dallan Randall · License #670916000
(480) 262-1023
Source:
Cpiaz
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 26 at 1:48PM
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 Commercial Properties Inc Tempe
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property is located in the Casa Grande Municipal Airport Industrial Park. The property includes a 25,000-square-foot multi-functional warehouse and a 17,000-square-foot office/manufacturing building. The site also features approximately 2 acres of vacant land, suitable for expansion or yard use. The total lot size is approximately 5.37 acres. The property is positioned within a rapidly expanding industrial hub, benefiting from its proximity to major transportation routes, including the I-10, Casa Grande Municipal Airport, and Phoenix Sky Harbor International Airport. The area is home to major companies such as Lucid Motors, Nikola, Chang Chun, LCY Electronic Materials, Solvay Corporation, and Jing He Science Company, indicating a skilled workforce is available. This property presents an opportunity for industrial operations.
Key Highlights
- Strategic location in the rapidly expanding Casa Grande Municipal Airport Industrial Park.
- ±5.37‑acre lot with a ±25,000 SF warehouse and a ±17,000 SF office/manufacturing building.**
- ±2 acres of vacant land available for expansion or yard use.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,050
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,141,000
$5.1M
Cap Rate 7%
$3,672,143
$3.7M
Cap Rate 9%
$2,856,111
$2.9M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$348.0K $13.92/SF
− Vacancy
−$45.6K −$1.82/SF
EGI
$302.4K $12.10/SF
− OpEx
−$45.4K −$1.81/SF
NOI
$257.1K $10.28/SF
Area
Pinal County, AZ
Vacancy
13.10%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,141,000
Cap Rate 7%
$3,672,143
Cap Rate 9%
$2,856,111
Alternative Uses
Best Use
Warehouse
$3.67M
$3.21M – $4.28M
NOI $257,050 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$1.73M
$1.52M – $2.02M
NOI $121,414 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$6.91M
$6.05M – $8.06M
NOI $483,806 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85122, AZ
55,063
Population
24,238
Households
2.3
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
56.4 sq mi
ZIP Area
976
Density / Sq Mi
$64,243
Median Household Income
$38,679
Median Earnings
$1,289
Median Rent
$242,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Record Nations — 2820 N Pinal Ave #12, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building industrial property with expansion potential in Casa Grande, Arizona.
Where is this warehouse located?
The property is located at 550 W Centennial Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strategic location in the rapidly expanding Casa Grande Municipal Airport Industrial Park.; ±5.37‑acre lot with a ±25,000 SF warehouse and a ±17,000 SF office/manufacturing building.**; ±2 acres of vacant land available for expansion or yard use.**
