For Sale
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Property summary
This ±3,144 square foot Class B industrial condo, built in 2005, is located in Gilbert Commons Business Center, Building 1. The space features one office, one conference room, an IT room, and one restroom. It boasts a 16-foot warehouse clear height, is fully air-conditioned (both evaporative cooling and a 15-ton AC unit are included), and offers a secure fenced yard of approximately 25' x 45'. The unit includes one grade-level drive-in door measuring 12' x 14'. Electrical service is robust, featuring 400 amps, 120/208V, and 3-phase power. The property is zoned I-1 and is ideal for a variety of industrial uses. The multiple tenancy structure offers flexibility. This well-maintained space provides a functional and efficient layout, perfect for businesses needing a combination of office and warehouse space. The convenient location within the Gilbert Commons Business Center offers easy access to major transportation routes and amenities. This is a rare opportunity to lease a well-equipped industrial condo in a desirable location. The property is ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Party Supply Store (Bike/Boat/Book/etc) Store
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Real Estate Agency
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Car Wash
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Car Wash
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses that include fabrication, manufacturing, assembly or processing of materials that ar…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Gilbert market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI · Gilbert, AZThe intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses that include fabrication, manufacturing, assembly or processing of materials that ar…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses that include fabrication, manufacturing, assembly or processing of materials that ar…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Gilbert, AZ.
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