Chandler Warehouse with HVAC
For Sale
Contact for pricing
6900 W Morelos Pl, Chandler, AZ
HVAC warehouse with dock and grade level doors in Chandler.
Property Size58,699 SF
Lot Size3.69 Acres
Price / SF$229.99
Days on Market446
Property Features for 6900 W Morelos Pl
General Information
Standard status
Active
Size
58,699 SF
Lot size
3.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Phoenix
(602) 499-7072
Listed By:
Rob Martensen, CCIM, SIOR
(602) 499-7072
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Aug 19
Last Checked: Aug 20 at 1:55PM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
This 58,699 square foot warehouse property is located in Chandler, Arizona. The building is fully equipped with an HVAC system. Loading and unloading operations are facilitated by one dock and five grade-level doors. A backup power generator is available, offering a maximum capacity of 1500 KW.
Key Highlights
- Backup power generator with a 1500 KW max capacity
- One (1) dock door
- Five (5) grade level doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$570,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,415,980
$11.4M
Cap Rate 7%
$8,154,271
$8.2M
Cap Rate 9%
$6,342,211
$6.3M
Market Conditions
NOI Build-Up for 58,699 SF
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.
Gross rent
$810.0K $13.80/SF
− Vacancy
−$138.5K −$2.36/SF
EGI
$671.5K $11.44/SF
− OpEx
−$100.7K −$1.72/SF
NOI
$570.8K $9.72/SF
Area
Chandler, AZ
Vacancy
17.10%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,415,980
Cap Rate 7%
$8,154,271
Cap Rate 9%
$6,342,211
Alternative Uses
Best Use
Warehouse
$8.15M
$7.13M – $9.51M
NOI $570,799 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$6.72M
$5.88M – $7.83M
NOI $470,070 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$16.82M
$14.72M – $19.63M
NOI $1,177,737 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DK Direct — 600 S 56th St # 14, Chandler, AZ 85226
- Public Storage — 6767 W Chandler Blvd, Chandler, AZ 85226
- AZTruckStorge — 6602 W Willis Rd, Chandler, AZ 85226
Frequently Asked Questions
What type of property is this?
Warehouse - HVAC warehouse with dock and grade level doors in Chandler.
Where is this warehouse located?
The property is located at 6900 W Morelos Pl Chandler, AZ.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Backup power generator with a **1500 KW max capacity**; One (1) dock door; Five (5) grade level doors
