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    Warehouse and Spec Office Facility Title is generated by Realmo AI

    8804 N 23rd Ave, Phoenix, AZ 85021

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    Industrial facility offering warehouse/manufacturing space alongside a spec office for flexible business operations.

    Type:INDUSTRIAL
    Property size:
    43,586 SF
    Price / SF:
    $244/SF
    Added:
    Jun 10, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 13 at 4:37 am

    Property Features for 8804 N 23rd Ave

    General Information

    Standard status
    Active
    Size
    43,586 SF
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Charles Miscio
    Charles Miscio

    Listing agent Mike Parker

    Listing office CBRE | Phoenix

    Listing date Jun 10, 2026

    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 CBRE | Phoenix

    HighLights

    • ±43,586 SF available industrial facility with warehouse/manufacturing and office space
    • Includes ±5,654 SF spec office
    • Includes ±37,932 SF warehouse/manufacturing space
    • Additional ±1.34 SF vacant storage yard available at 2423 W Townley Ave

    Overview

    This property is available for sale with approximately 43,586 total square feet, including a 5,654-square-foot spec office and 37,932 square feet of warehouse/manufacturing space. In addition to the building area, there is also a vacant storage yard available (2423 W Townley Ave), totaling approximately 11.34 square feet.

    The offering combines office and industrial space in one package, supported by the availability of an additional storage yard. The presence of both functional components can help streamline site operations by keeping administrative space on-site while reserving building and yard areas for day-to-day needs.

    For tenants or buyers seeking a mixed-use industrial setup, the spec office provides room for administrative functions, while the warehouse/manufacturing portion supports operations requiring substantial interior area. The separately available storage yard may also be useful for additional material staging or storage, depending on the buyer’s or operator’s workflow.

    Local Financial Insights For Office B

    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 $1.34M $30.72
    − Vacancy −$344.1k −$7.90
    EGI $994.8k $22.82
    − OpEx −$248.7k −$5.71
    NOI $746.1k $17.12
    43,586 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $10.66M
    $9.33M – $12.44M (±1% cap)
    NOI $746,137 @ 7.0% cap · market cap 7.01%
    Second Best
    Flex RnD
    $6.84M
    $5.98M – $7.98M (±1% cap)
    NOI $478,679 @ 7.0% cap · market cap 4.49%
    Theoretical Best
    Office A
    $13.20M
    $11.55M – $15.40M (±1% cap)
    NOI $924,180 @ 7.0% cap · market cap 8.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Genoa Healthcare Pharmacy Terros Health - 23rd ... Medical Clinic Covenant Kingdom International Church Curtis Alan Bass Physician Oakwood Apartments Reservations ... Apartment Building

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Colossal Crab Catering — 8155 N Black Cyn Hwy #37741, Phoenix, AZ 85069
    • Carmen's AZ Catering — 8433 N Black Cyn Hwy Suite #136-A, Phoenix, AZ 85021

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.108306
    Latitude
    33.564291

    FAQs

    What type of property is this?
    Flex space - Industrial facility offering warehouse/manufacturing space alongside a spec office for flexible business operations.
    Where is this flex space located?
    The property is located at 8804 N 23rd Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $10,650,000.
    What are key features of this property?
    This property features: ±43,586 SF available industrial facility with warehouse/manufacturing and office space; Includes ±5,654 SF spec office; Includes ±37,932 SF warehouse/manufacturing space
    (602) 735-5555 Call to check price and availability
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