For Sale
$5,000,000

22444 19Th Ave Phoenix, AZ 85027

Phoenix Industrial Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Phoenix industrial portfolio comprises 1.92 acres with five buildings totaling 11,560 square feet. Strategically located in the highly sought-after Deer Valley submarket, this property boasts A-1 zoning, allowing for diverse industrial uses. Currently leased to three tenants, including Dynamite Water, ASAP Firebird Tire, and Flyers Energy, the portfolio generates a substantial net operating income of $298,568 annually. The property includes a 7,600 sq ft shop/office with a paint booth and four oversized bay doors, a 3,960 sq ft shop/office, and a commercial fueling station with redevelopment potential. An income-producing billboard adds to the investment's appeal. The property benefits from high visibility on 19th Avenue (30,000 vehicles per day), proximity to major freeways (Loop 101 and I-17), and its location within an Opportunity Zone. Below-market rents and short-term leases present significant upside potential for investors, while the functional buildings offer immediate occupancy for a user. This rare opportunity allows for acquisition of a generational asset in a prime Phoenix location, close to the major TSMC development. The weighted average lease term is approximately 2.51 years. Individual building leases expire between February 2025 and August 2027, with the billboard lease extending to May 2029. The asking price is $5,000,000.

Highlights

  • ±1.92-acre industrial outdoor storage site with 11,560 SF shop/office; fully leased; Opportunity Zone; North 19th Ave frontage; income-producing billboard.
  • 7,600 SF shop/office on 1 acre, leased to Firebird Tire through 8/31/2027, $11,250/month gross lease; fully fenced, paint booth, four oversized bay doors.
  • Fully fenced and secured site.
  • 3,960 SF shop/office on 0.48 acres, leased through 2/28/2028, $7,875/month, multi-tenant net lease (32% OPEX); two oversized doors, partially paved.
  • Fueling station leased to Flyer's Energy through 2/28/2025, $6,380/month NNN lease; redevelopment potential.
  • Billboard, $892.96/month, lease expires 5/31/2029.

Property Details for 22444 19Th Ave

Property type
Warehouses, Land
Square Feet
11,560 SF
Buildings
5
Lot Size (sq. ft)
83,635 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.690367584119
Longitude
-112.10000213034

FAQs

What type of property is this?
Warehouse - Phoenix Industrial Investment Opportunity
Where is the warehouse located?
The property is located at 22444 19Th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: ±1.92-acre industrial outdoor storage site with 11,560 SF shop/office; fully leased; Opportunity Zone; North 19th Ave frontage; income-producing billboard.; 7,600 SF shop/office on 1 acre, leased to Firebird Tire through 8/31/2027, $11,250/month gross lease; fully fenced, paint booth, four oversized bay doors.; Fully fenced and secured site.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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22444 19Th Ave
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