Phoenix Warehouse with Mezzanine, New
5723 W Washington St Phoenix, AZ
For Sale
Contact for pricing
Phoenix warehouse with mezzanine, new roof, and convenient highway access.
Property Size15,520 SF
Lot Size1.43 Acres
Price / SF$251.29
Days on Market285
Property Features for 5723 W Washington St
General Information
Standard status
Active
Size
15,520 SF
Lot size
1.43 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 5723 W Washington St Contact us
Listing Agency:
Lee & Associates | Phoenix
(602) 579-0749
Listed By:
Pete Batschelet
(602) 579-0749
Source:
Moodyscre
Added: Oct 17, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:23AM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This industrial property, located in Phoenix, Arizona, features a warehouse with approximately 1,200 square feet of mezzanine space. The property offers convenient access to I-10 and Loop 202. The building received a new roof and new mechanical systems in 2023. The total property size is 15,520 square feet.
Key Highlights
- New roof installed in 2023.
- New mechanical systems in 2023.
- Approximately 1,200 SF mezzanine in the warehouse.
Financial Insights For Warehouse
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 | $158.3k | $10.20 |
| − Vacancy | −$18.8k | −$1.21 |
| EGI | $139.5k | $8.99 |
| − OpEx | −$20.9k | −$1.35 |
| NOI | $118.5k | $7.64 |
15,520 SF · lease $10.20/SF/yr · vacancy 11.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.69M
$1.48M – $1.98M
NOI $118,546 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$1.39M
$1.22M – $1.63M
NOI $97,626 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $329,080 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Closetbox — 875 S 65th Ave, Phoenix, AZ 85043
- The New Haven Companies, Inc. — 85005, 1002 S 56th Ave #105, Phoenix, AZ 85043
- Iron Mountain — 614 S 55th Ave, Phoenix, AZ 85043
- Lineage Logistics — 6111 W Washington St, Phoenix, AZ 85043
- Prologis — Phoenix, AZ 85043
Frequently Asked Questions
What type of property is this?
Warehouse - Phoenix warehouse with mezzanine, new roof, and convenient highway access.
Where is this warehouse located?
The property is located at 5723 W Washington St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: New roof installed in 2023.; New mechanical systems in 2023.; Approximately 1,200 SF mezzanine in the warehouse.
