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Property profile & analytics
OFF-MARKET Estimated value $14,650,000
Warehouses

400 56th St Chandler, AZ 85226-2510

31,750 SF 2.75 ac lot Built 1999
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-0517453
Property summary
AI-generated overview

This exceptional ±32,045-square-foot industrial property in Chandler, Arizona, is available for immediate occupancy. Situated on 2.75 acres, this Class B building boasts a desirable location with easy access to major transportation routes. Built in 1999 and extensively renovated in 2023, the property features a single-tenant layout, offering 5 dock-high and 5 grade-level doors. The warehouse space benefits from a 24-foot clear height, 40' x 50' column spacing, and a wet sprinkler system. The building also includes approximately 5,214 square feet of office space with 100% HVAC. Ample parking is provided with 47 spaces. The property is equipped with 3,000A 277/480V power and features energy-efficient LED lighting throughout the warehouse. The I-1 zoning allows for a variety of industrial uses. A new roof was installed as part of the recent renovations. The property is ready for immediate occupancy with a Q1 2024 delivery date. The Maricopa County Assessor's Parcel Number (APN) is 301-84-086. This is a rare opportunity to acquire a fully renovated, modern industrial space in a prime Chandler location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Construction CONCRETE
Total area 31,750 SF
Lot 2.75 ac (119,727 SF)
Zoning code I-1
APN 301-84-086
UPID US07-0517453
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
  • Spiral Volleyball Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$14.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.65M
Owner & transaction history
Sl7 Industrial Acquisition LP · 2 yrs held
Sl7 Industrial Acquisition LP
since 2024
Last sale
$14.7M
7 recorded transactions
2024
Price N/A
2023
$14.7M
2019
Price N/A
2018
Price N/A
2014
Price N/A
2014
$2.8M
2009
$2.7M
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $20.2M +142.2%
Restaurant $16.5M +98.0%
Retail stores $14.4M +72.4%
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