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    47th Ave & Mckinley St Phoenix, AZ 85043

    For Lease
    Contact for pricing

    Phoenix Industrial/Office Space - 320,000 SF Available

    Lot size:
    320,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Class A property, the Papago Commerce Center, presents a rare opportunity in Phoenix, Arizona. Located at the prominent intersection of 47th Avenue and McKinley Street, this two-building complex offers a total of 320,000 square feet of versatile space, ideal for a variety of industrial and executive office uses. The property boasts a flexible layout with multiple tenancy options, allowing for spaces ranging from a minimum of 155,300 square feet to a maximum contiguous space of 164,700 square feet. Currently, the entire 320,000 square feet is vacant, providing an unparalleled opportunity for a single large tenant or multiple smaller tenants. The buildings feature impressive 32-foot ceiling heights, 72 dock-high doors, and four drive-in doors, ensuring efficient loading and unloading. Ample parking is available with 317 spaces. The property is equipped with robust power, offering 3,600 amps at 277/480V with expansion capabilities. The zoning is A-1, and the property is situated in Maricopa County, AZ, with a zip code of 85043. This prime location offers excellent access to major transportation routes and a thriving business community. Don't miss this chance to secure a significant footprint in a highly sought-after Phoenix location.

    Property Features for 47th Ave & Mckinley St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    320,000 SF
    Class
    A

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    Building A
    Size
    155,300 SF
    Space
    Building B
    Size
    164,700 SF

    HighLights

    • 320,000 square feet available in two buildings.
    • Class A logistics center in Phoenix, AZ.
    • Controlled common area charges (CCRs).
    • Quality infill location.
    • Institutional ownership by Clarion Partners.
    • State‑of‑the‑art construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1604277
    Latitude
    33.4563448

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    FAQs

    What type of property is this?
    Distribution property - Phoenix Industrial/Office Space - 320,000 SF Available
    Where is this distribution property located?
    The property is located at 47th Ave & Mckinley St Phoenix, AZ.
    What are key features of this property?
    This property features: 320,000 square feet available in two buildings.; Class A logistics center in Phoenix, AZ.; Controlled common area charges (CCRs).
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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
    47th Ave & Mckinley St Phoenix, AZ 85043
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