6948 W Chandler Blvd Suite 2 Chandler, AZ 85226
6948 W Chandler Blvd Suite 2, Chandler, AZ, 85226
Contact for pricing
For Sale
Contact for pricing
Flex space
Property Size5,580 SF
Price / SF$295.70
Days on Market78
Property Features for 6948 W Chandler Blvd Suite 2
General Information
- Standard status
- Active
- Size
- 5,580 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2008
Listing agency
City to City Commercial
(480) 355-2222
Listed by
Chris Benjamin · License #AZ BR034762000
Source
Crexi
Added: May 5 Updated: Jul 21 at 1:07PM Checked: Jul 21 at 1:07PM
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 City to City Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- 5,580 SF industrial suite built in 2008
- Zoned I‑1 for industrial or retail use
- Suites in Chandler, AZ within a thriving industrial area
Local Financial Insights For Retail
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 | $100.4k | $18.00 |
| − Vacancy | −$7.2k | −$1.30 |
| EGI | $93.2k | $16.70 |
| − OpEx | −$28.0k | −$5.01 |
| NOI | $65.2k | $11.69 |
5,580 SF · lease $18.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$932.1K
$815.6K – $1.09M
NOI $65,246 @ 7.0% cap · market cap 3.95%
Second Best
Flex RnD
$802.1K
$701.8K – $935.8K
NOI $56,146 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,957 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kona Reef Az ...
(Bike/Boat/Book/etc) Store
R&R Dent Removal
Auto Repair Shop
AAMCO Transmissions & Total ...
Auto Repair Shop
Mac's Complete Auto ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Picnic Specialties — 7304 W Chicago St Ste. 101, Chandler, AZ 85226
FAQs
Where is this flex space located?
The property is located at 6948 W Chandler Blvd Suite 2 Chandler, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,580 SF industrial suite built in 2008; Zoned I‑1 for industrial or retail use; Suites in Chandler, AZ within a thriving industrial area
