2902 Fairmount Ave Phoenix, AZ 85017
This exceptional Phoenix industrial property, located at 2902 W Fairmount Ave, offers a prime investment opportunity. The Thunderbird Business Park encompasses 20,370 square feet across 10.8 acres of land in the desirable 85017 zip code. The property is classified as Class B and was constructed in 1971. Currently, one space of 3,950 square feet is available for lease. The building features a versatile layout suitable for manufacturing, flex, warehouse, or distribution uses, reflecting its multiple-tenant occupancy. The zoning is designated as Industrial Park, providing flexibility for various business operations. The building boasts a 10-foot ceiling height and benefits from three-phase power, essential for many industrial applications. One available unit includes 1,780 square feet, offering 4 offices, a reception area, an open bullpen production area, and a restroom. The space is fully climate-controlled with 100% HVAC. The property's strategic location provides excellent freeway access, enhancing logistical efficiency. The lease rate for the 1,780 sq ft space is $1.00 per square foot plus $120 in water, sewer, and trash fees, under a modified gross lease structure. This property presents a compelling opportunity for businesses seeking a well-located, functional industrial space in a thriving Phoenix market. Maricopa County location ensures easy access to a robust workforce and established infrastructure.
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.