For Sale
$6,100,000

4107 Winslow AvePhoenix, AZ 85040

20,248 SF Flex Space, 10-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 20,248 square foot industrial property in Phoenix, Arizona, ideally suited for flex, manufacturing, or warehouse use. The property boasts a desirable location in the Sky Harbor Airport submarket, offering easy access to major freeways. Situated on a 1.89-acre lot, the fully paved site includes approximately one acre of dedicated yard space. The building features eight grade-level doors and benefits from A-1 zoning, permitting most outdoor storage uses. A ten-year triple-net (NNN) leaseback is in place with Wang Electric, a well-established tenant occupying the property since 2000. The current lease provides a strong annual net operating income (NOI) of $400,000, representing a 6.56% cap rate. The asking price is $6,100,000, translating to $301.26 per square foot. The property underwent renovations in 2020 and offers a low coverage ratio of 24.80%. This sale-leaseback provides immediate cash flow and significant long-term investment potential in a highly sought-after Phoenix submarket. The property's address is 4107 E Winslow Ave, Phoenix, AZ 85040, with APN numbers 124-48-013F, 124-48-013G, and 124-48-012. The building is classified as Class B.

Highlights

  • 20,248 SF industrial property in Phoenix's Sky Harbor Airport submarket, ideal for flex, manufacturing, or warehouse use.
  • 1.89-acre lot with approximately one acre of paved yard space.
  • Ten-year NNN leaseback with Wang Electric, generating $400,000 annual NOI.
  • Asking price: $6,100,000 ($301.26/SF), offering a 6.56% cap rate.
  • A-1 zoning allows for most outdoor storage uses; building features eight grade-level doors.

Property Details for 4107 Winslow Ave

Property type
Warehouses, Industrial properties
Square Feet
20,248 SF
Class
B
Year Renovated
2020
Lot Size (sq. ft)
82,328 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.420910279853
Longitude
-111.99320678113
4107 Winslow Ave, Phoenix, Arizona

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4107 Winslow Ave
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