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Property profile & analytics
FOR LEASE
Distribution centers

1002 S 56Th Ave Phoenix, AZ 85043

117,993 SF 1.83 ac lot Built 1985
Entity Owned ~ Est. High Equity
Property ID
US07-1097145
Property summary
AI-generated overview

This exceptional industrial property, known as Freeport Center, presents a significant leasing opportunity in Maricopa County, Arizona. The warehouse building, constructed in 1985, boasts a substantial 118,210 square feet of space, currently featuring 21,383 square feet available for lease. The building is zoned A-1 by the City of Phoenix, offering flexibility for a variety of industrial uses. The high ceilings, measuring 24 feet, provide ample vertical space for storage and operations. Four loading docks ensure efficient loading and unloading of goods, streamlining logistical processes. The property is a single-tenant building, providing a unique opportunity for a business seeking a dedicated and expansive warehouse space. This location in Maricopa County offers excellent access to major transportation routes, facilitating seamless distribution and delivery. The available space presents a chance to establish a significant presence in a thriving industrial area. The building's size and features make it ideal for businesses requiring substantial storage capacity and efficient operational flow. Interested parties are encouraged to inquire about this exceptional leasing opportunity. The property's strategic location and functional design make it a compelling option for businesses seeking to expand or relocate their operations.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1985
Construction CONCRETE
Total area 117,993 SF
Lot 1.83 ac (79,917 SF)
Zoning code A-1
APN 104-19-012
UPID US07-1097145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Seeley International (Americas) Production Facility
  • Fred Jones Auto Parts Store
  • New Haven Moving Equipment Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$37.83M
Blend (final) Blend
$37.45M
Owner & transaction history
Sapphire Aspen Industrial Az Owner LLC
Sapphire Aspen Industrial Az Owner LLC
since 2026
7 recorded transactions
2026
Price N/A
2022
Price N/A
2019
Price N/A
2017
$8.1M
2015
$5.3M
1990
Price N/A
1989
Price N/A
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $49.9M +28.9%
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More about this property
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