3935 Adams StPhoenix, AZ 85009

Property Details for 3935 Adams St

Year built

1979

Construction

CONCRETE

Lot size

2.16 AC

Property size (Sq ft)

40,794 SF

Zone code

I-2

Property type

Warehouses

APN

106-16-010A

APU

10616010A

Description

This ±40,794 square foot warehouse, located at 3935 West Adams Street in Phoenix, Arizona, presents a compelling investment or owner-user opportunity. Built in 1979, this single-story Class C industrial property sits on a 2.16-acre lot and features a spacious 40,794 square feet of net rentable space. The property boasts three dock-high doors (10'W x 10'H) and two loading docks, facilitating efficient loading and unloading. The high 24-foot ceilings provide ample vertical space for storage or operations. The property includes approximately 2,500 square feet of office space and approximately 38,794 square feet of industrial space, along with a fenced and secured yard area of approximately 12,000 square feet. Conveniently located near the I-10 and 202 freeway interchange, this property offers excellent access to major transportation routes. Additional features include three exterior rail spurs served by Union Pacific Railroad, and robust power capabilities of 3,200 Amps / 277-480 Volts, 3p 4w Heavy. The property is zoned A-2 and has a parking ratio of 1.6 spaces per 1,000 square feet. The 2024 property taxes are estimated at $38,374.12. The property is currently vacant and available for occupancy on June 1, 2024. This is a NNN lease property with single tenancy. The APN is 106-16-010A.

• CAP approach

  CAP return

  Valuation

  6%

  $15,153,400

  6.5%

  $13,987,800

  7%

  $12,988,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,061,400

  Geo Method

  $10,061,400

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $6,994,020

  Mixed-Use / Specialty

  $6,828,160

  Hospitality / Lodging

  $4,826,110

  Office

  $6,640,800

  Institutional / Educational

  $7,048,160

  Residential Income

  $8,246,350

  Multifamily

  $10,671,500

  Automotive / Energy

  $6,041,280

  Parking / Income-Based Land

  $2,224,010

  Restaurant / Food Service

  $3,250,590

  Healthcare / Senior Housing

  $7,146,670

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4493

Longitude

-112.145

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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