Phoenix Industrial Property with
951 W Watkins St Phoenix, AZ
951 W Watkins St, Phoenix, AZ, 00000
Contact for pricing
For Sale
Contact for pricing
65,400 SF industrial building with heavy power and mezzanine.
Property Size65,400 SF
Lot Size1.71 Acres
Price / SF$151.30
Days on Market464
Property Features for 951 W Watkins St
General Information
- Standard status
- Active
- Size
- 65,400 SF
- Lot size
- 1.71 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Colliers | Phoenix
(480) 748-1834
Listed by
Chris Reese
(480) 748-1834
Source
Moodyscre
Added: Apr 15, 2025 Updated: Jul 6 at 9:34AM Checked: Jul 21 at 8:29AM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
This industrial property in Phoenix features a floor plate of approximately 48,600 square feet, complemented by a concrete mezzanine of approximately 16,800 square feet, situated on 1.71 acres. The building is equipped with heavy power, supplied by three service stations: one at 3,000 amps, 277/480V, 3 phase; another at 2,000 amps, 277/480V, 3 phase; and a third at 1,600 amps, 120/240V, 3 phase. The entire building is HVAC-equipped, utilizing natural gas, and includes fire sprinklers. Access is facilitated by two grade doors and one truck well. The lot is fully fenced and secured. The property is zoned A-2 within the City of Phoenix.
Key Highlights
- Heavy power: 3,000 amps, 277/480V, 3 phase; 2,000 amps, 277/480V, 3 phase; 1,600 amps, 120/240V, 3 phase
- ±48,600 SF floor plate with ±16,800 SF concrete mezzanine on 1.71 acres
- A‑2 zoning, City of Phoenix
Local 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 | $667.1k | $10.20 |
| − Vacancy | −$79.4k | −$1.21 |
| EGI | $587.7k | $8.99 |
| − OpEx | −$88.2k | −$1.35 |
| NOI | $499.5k | $7.64 |
65,400 SF · lease $10.20/SF/yr · vacancy 11.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.14M
$6.24M – $8.33M
NOI $499,543 @ 7.0% cap · market cap 5.05%
Second Best
Industrial
$5.88M
$5.14M – $6.86M
NOI $411,388 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$19.81M
$17.33M – $23.11M
NOI $1,386,715 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Story Cannabis
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 65,400 SF industrial building with heavy power and mezzanine.
Where is this manufacturing property located?
The property is located at 951 W Watkins St Phoenix, AZ.
What is the asking price?
The asking price for this property is $9,895,000.
What are key features of this property?
This property features: Heavy power: 3,000 amps, 277/480V, 3 phase; 2,000 amps, 277/480V, 3 phase; 1,600 amps, 120/240V, 3 phase; ±48,600 SF floor plate with ±16,800 SF concrete mezzanine on 1.71 acres; A‑2 zoning, City of Phoenix
