Industrial Property for Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Phoenix, AZ 85043
  • Year built: 2007

Description

Marcus & Millichap is pleased to present the opportunity to acquire a high-quality cold storage facility located at 1055 N. 71st Ave. Phoenix, Arizona (“Property” or “Asset”). The Asset is a rare owner-user or value-add opportunity. The current tenant, Vision Produce Acquisition, LLC (“Tenant”), has a lease expiration of July 2026 with no renewal options. The existing rent is well below market rental rates, offering significant near-term upside and providing investors with a compelling mark-to-market opportunity within one year of acquisition. Furthermore, the Asset is provided well below replacement cost with the ability for a tenant or user to be in operation quickly. This Asset is a +/- 32,842-square-foot, tilt-up warehouse constructed in 2007, on a +/- 3.33-acre lot. The building features highly functional and flexible cold storage totaling an estimated +/-15,000 (46%) split into eight (8) coolers, as well as +/- 3,950 SF of office buildout (12%) and significant dry storage warehouse capabilities. The building’s cold storage infrastructure is the property of ownership and the tenant does not have any rights to remove it. Investment Highlights: • +/-32,842 SF Class A warehouse built in 2007 with tilt-up construction - Flexible cold storage totaling an estimated +/- 15,000 SF (46%) split into eight coolers • Current lease expires July 31, 2026 with no remaining renewal options - Current rent is below market levels for comparable cold storage facilities • Offering price per square foot is below estimated replacement cost of $325+/ SF

Market Context

This industrial in Phoenix, AZ is listed for sale. It is offered at an approximate 2.2% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 2007. It has been on the market for 68 days. Compare it against other industrial listings for sale in Phoenix, AZ — <a href="/search/sale/industrial/arizona/phoenix">view the full market</a>.

As of Q1 2026, the Phoenix industrial market showed a 11.9% vacancy rate, average asking rents near $13.08/SF/yr, and rents up 14.4% year over year. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

Is the Phoenix industrial market tightening or softening?
Vacancy is around 11.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$11.12/SF – $15.04/SF

Mid: $13.08/SF

Rate estimator only; cost-of-business estimate unavailable.

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