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    550 Centennial Blvd Casa Grande, AZ 85122

    For Sale
    $6,644,075

    ±42,865 SF Warehouse, Multi-Tenant, AZ

    Property size:
    42,865 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional industrial property in Casa Grande, Arizona, presents a unique investment opportunity. The 5.37-acre lot encompasses a ±42,865 square foot warehouse, built in 1989 and renovated in 2000, featuring 8 dock-high doors and ceiling heights ranging from 16 to 18 feet. The property is zoned I-1 within the Casa Grande Municipal Airport Industrial Park, offering convenient access to major transportation arteries, including Phoenix Sky Harbor International Airport. The building boasts adaptable facilities, including full HVAC cooling, ample power, truck wells, and grade-level doors, making it suitable for a variety of industrial operations. The property also includes a significant amount of vacant land (approximately 2 acres) providing substantial potential for future expansion or yard use. This multi-tenant warehouse is offered for sale at $6,644,075 and features a NNN lease type. Its prime location near new manufacturing plants, such as Lucid Motors, ensures access to a robust labor pool. The property's APN is 509-81-064A, 509-81-064B, and 509-81-065, and the zip code is 85122. This is an ideal opportunity for owner-users seeking a flexible and strategically located industrial space in a rapidly growing market.

    Property Features for 550 Centennial Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    42,865 SF
    Lot Size
    233,917 SF

    Building Details

    Year Built/Renovated
    1989/2000

    HighLights

    • High‑bay industrial buildings with HVAC, ample power, truck wells, and grade‑level doors.
    • 2‑acre vacant land parcel available for expansion.
    • Excellent location near Casa Grande Municipal Airport, Phoenix Sky Harbor International Airport, and major manufacturers like Lucid Motors.
    • Available for sale or lease, offering flexibility for individual buildings or portfolio acquisition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.759736
    Latitude
    32.94661

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    FAQs

    What type of property is this?
    Distribution property - ±42,865 SF Warehouse, Multi-Tenant, AZ
    Where is this distribution property located?
    The property is located at 550 Centennial Blvd Casa Grande, AZ.
    What is the asking price?
    The asking price for this property is $6,644,075.
    What are key features of this property?
    This property features: High-bay industrial buildings with HVAC, ample power, truck wells, and grade-level doors.; 2-acre vacant land parcel available for expansion.; Excellent location near Casa Grande Municipal Airport, Phoenix Sky Harbor International Airport, and major manufacturers like Lucid Motors.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 Centennial Blvd Casa Grande, AZ 85122
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