Warehouse and Spec Office
8804 N 23rd Ave Phoenix, AZ 85021
For Sale
Contact for pricing
Industrial facility offering warehouse/manufacturing space alongside a spec office for flexible business operations.
Property Size43,586 SF
Price / SF$244.34
Days on Market50
Property Features for 8804 N 23rd Ave
General Information
Standard status
Active
Size
43,586 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Phoenix
(602) 735-1735
Listed By:
Mike Parker
(602) 614-7877
Source:
Moodyscre
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 21 at 6:40AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $746,137 @ 7.0% cap · market cap 7.01%
Second Best
Flex RnD
$6.84M
$5.98M – $7.98M
NOI $478,679 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$13.20M
$11.55M – $15.40M
NOI $924,180 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market 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
Frequently Asked Questions
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
