14647 50Th StPhoenix, AZ 85044

Property Details for 14647 50Th St

Year built

1999

Construction

CONCRETE

Lot size

10.01 AC

Property size (Sq ft)

50,097 SF

Zone code

CP/GCP

Property type

Office buildings

APN

301-84-882

APU

30184882

Description

This exceptional 134,713-square-foot, Class A industrial flex property in Phoenix, Arizona, presents a compelling investment opportunity. Comprising three single-story buildings on a 10.01-acre lot, the property boasts 100% occupancy with ten diverse tenants, enjoying a weighted average lease term of approximately 3.5 years. Built in 1999, the complex features 33 loading docks, 18-foot clear heights, and flexible floor plates ranging from 70 to 120 feet deep, catering to a variety of industrial and flex uses. The property benefits from a prime location at the intersection of I-10 and Loop 202, providing excellent freeway access and visibility, serving a population exceeding 2.16 million within a 30-minute radius. Ample parking is available (524 spaces per 1,000 sq ft). Current rents are significantly below market value, offering substantial upside potential through lease renewals and adjustments to market rates. The property is zoned CP/GCP and features a mix of warehouse and showroom space (approximately 47% warehouse/showroom and 53% flex space). Located in the thriving Ahwatukee area, known for its upscale amenities and proximity to a highly skilled workforce, this property is ideally positioned to capitalize on the strong demand for industrial space in Phoenix's "Silicon Desert." The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment with significant long-term growth prospects. APN: 301-84-882.

• CAP approach

  CAP return

  Valuation

  6%

  $7,795,430

  6.5%

  $7,195,782

  7%

  $6,681,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,722,452

  Geo Method

  $7,722,452

• Alternative Use

  Use

  Valuation

  Residential

  $8,922,769

  Hospitality

  $8,173,208

  Educational

  $6,800,014

  Medical

  $7,033,876

  Retail

  $10,577,799

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.313

Longitude

-111.974

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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