47th Ave & Mckinley St Phoenix, AZ 85043
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.