Casa Grande Industrial
550 W Centennial Blvd Casa Grande, AZ 85122
For Sale
Contact for pricing
Multi-building industrial property with expansion potential in Casa Grande, Arizona.
Property Size42,865 SF
Lot Size5.37 Acres
Price / SF$128.31
Days on Market818
Property Features for 550 W Centennial Blvd
General Information
Standard status
Active
Size
42,865 SF
Lot size
5.37 Acres
Property subtype
Industrial
Building Details
Year Built
1989
Listing Agency:
Commercial Properties Inc Tempe
(602) 561-2946
Listed By:
Dallan Randall · License #AZ 670916000
Source:
Crexi
Added: May 3, 2024
Changed: Jul 10
Last Checked: Jul 28 at 7:26AM
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 Commercial Properties Inc Tempe
Investment Insights
Based on property information with market context.
This industrial property is located in the Casa Grande Municipal Airport Industrial Park. The property includes a 25,000-square-foot multi-functional warehouse and a 17,000-square-foot office/manufacturing building. The site also features approximately 2 acres of vacant land, suitable for expansion or yard use. The total lot size is approximately 5.37 acres. The property is positioned within a rapidly expanding industrial hub, benefiting from its proximity to major transportation routes, including the I-10, Casa Grande Municipal Airport, and Phoenix Sky Harbor International Airport. The area is home to major companies such as Lucid Motors, Nikola, Chang Chun, LCY Electronic Materials, Solvay Corporation, and Jing He Science Company, indicating a skilled workforce is available. This property presents an opportunity for industrial operations.
Key Highlights
- Strategic location in the rapidly expanding Casa Grande Municipal Airport Industrial Park.
- ±5.37‑acre lot with a ±25,000 SF warehouse and a ±17,000 SF office/manufacturing building.
- ±2 acres of vacant land available for expansion or yard use.
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 | $596.7k | $13.92 |
| − Vacancy | −$78.2k | −$1.82 |
| EGI | $518.5k | $12.10 |
| − OpEx | −$77.8k | −$1.81 |
| NOI | $440.7k | $10.28 |
42,865 SF · lease $13.92/SF/yr · vacancy 13.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.30M
$5.51M – $7.35M
NOI $440,738 @ 7.0% cap · market cap 8.01%
Second Best
Industrial
$2.97M
$2.60M – $3.47M
NOI $208,176 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$11.85M
$10.37M – $13.83M
NOI $829,534 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Record Nations — 2820 N Pinal Ave #12, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building industrial property with expansion potential in Casa Grande, Arizona.
Where is this warehouse located?
The property is located at 550 W Centennial Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strategic location in the rapidly expanding Casa Grande Municipal Airport Industrial Park.; **±5.37‑acre lot with a ±25,000 SF warehouse and a ±17,000 SF office/manufacturing building.**; **±2 acres of vacant land available for expansion or yard use.**
