17431 Black Canyon HwyPhoenix, AZ 85023

Property Details for 17431 Black Canyon Hwy

Year built

1979

Construction

CONCRETE

Lot size

1.64 AC

Property size (Sq ft)

26,320 SF

Zone code

IND.PK.

Property type

Flex space

APN

208-31-001A

APU

20831001A

Description

This exceptional owner-user opportunity presents a 26,320-square-foot industrial property situated on a 1.64-acre lot in desirable North Central Phoenix, Arizona. The single-story building, classified as Class C, features a 15'11" ceiling height and is zoned for industrial park use. The property includes a gated yard area and covered parking. The warehouse is equipped with both air conditioning and evaporative cooling systems. Currently, there is a lease in place with 4.1 years remaining until expiration on March 1st, 2025. The asking price is $4,900,000, translating to $186.17 per square foot. The property's address is 17431 N Black Cyn Hwy, Phoenix, AZ 85023, with the APN 208-31-001-A. The property is suitable for a variety of manufacturing and warehouse operations. Given the existing lease, the pro-forma NOI is currently $0. This presents a unique chance to acquire a well-located industrial asset in a thriving market. The property offers significant potential for an owner-occupier seeking a strategic location with ample space and desirable features. The substantial lot size of 71,613 square feet provides additional flexibility and potential for future expansion. This is an excellent opportunity for a business seeking to establish or expand its operations in the Phoenix metropolitan area.

• CAP approach

  CAP return

  Valuation

  6%

  $11,122,300

  6.5%

  $10,266,800

  7%

  $9,533,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,491,560

  Geo Method

  $6,491,560

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,261,000

  Mixed-Use / Specialty

  $5,239,290

  Hospitality / Lodging

  $3,840,060

  Office

  $5,205,090

  Institutional / Educational

  $5,445,700

  Residential Income

  $6,371,470

  Multifamily

  $7,657,960

  Automotive / Energy

  $4,667,740

  Parking / Income-Based Land

  $1,613,700

  Restaurant / Food Service

  $2,718,700

  Healthcare / Senior Housing

  $5,375,830

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6446

Longitude

-112.114

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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