5328 Washington StPhoenix, AZ 85034

Property Details for 5328 Washington St

Year built

1985

Construction

CONCRETE

Lot size

0.36 AC

Property size (Sq ft)

15,445 SF

Zone code

A-1

Property type

Office buildings

APN

124-14-023

APU

12414023

Description

This exceptional industrial property, known as Washington Business Park, offers ±15,303 square feet of versatile warehouse and distribution space, currently undergoing final preparations for occupancy. Two spaces are immediately available, with a minimum divisible space of 328 square feet, catering to a range of business needs. The building boasts a 14-20 foot clear height, ensuring efficient storage and operations. A fully functioning HVAC system maintains a comfortable working environment year-round. Its central location provides easy access to major freeways, offering excellent visibility and convenient transportation links. Strategic signage on Washington Street enhances brand awareness and accessibility. The expansive 10.99-acre lot provides ample parking for employees and clients. The property is zoned A-1, allowing for a variety of industrial uses. This prime location combines functionality with strategic positioning, making it an ideal choice for businesses seeking efficient and accessible warehouse space. Contact us today to learn more about the available spaces and lease terms. Don't miss this opportunity to secure your business's future in this thriving industrial park. The property is currently undergoing final preparations and will be ready for occupancy soon.

• CAP approach

  CAP return

  Valuation

  6%

  $2,403,346

  6.5%

  $2,218,473

  7%

  $2,060,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,380,847

  Geo Method

  $2,380,847

• Alternative Use

  Use

  Valuation

  Residential

  $2,750,906

  Hospitality

  $2,519,816

  Educational

  $2,096,457

  Medical

  $2,168,558

  Retail

  $3,261,155

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.447

Longitude

-111.966

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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