4829 South 38th Street

For Sale$7,400,000

4829 South 38th Street, Phoenix, AZ 85040

  • Industrial

4829 South 38th Street, Phoenix, AZ 85040 - Industrial Space

4829 South 38th Street is located at 4829 South 38th Street in the South Mountain Highland Terrace neighborhood, AZ, Phoenix, 85040. The Class A Industrial building was completed in 1996 and features a total of 52,447 Sqft.

There are 43 industrial spaces for lease in the South Mountain Highland Terrace neighborhood, totaling 1,913,719 Sqft of available industrial space. The industrial space availability for the 85040 zip code is 619,261 Sqft, in 27 industrial spaces. The average asking industrial rent per sq. ft. in South Mountain Highland Terrace is $9.61/sqft/year. For Class A industrial buildings the average industrial rate is $8.14/sqft/year, for Class B industrial buildings the average industrial rate is $9.75/sqft/year.

In South Mountain Highland Terrace, there are 57 class A industrial buildings. In 1996, the same year 4829 South 38th Street was built, 3 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Phoenix, featuring 3,639,384 square feet of commercial space. At zip code level, there are 132 commercial properties, of which 97 are industrial buildings over 50,000 square feet.

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Details

  • Sale Price $7,400,000
  • City Phoenix
  • Neighborhood South Mountain Highland Terrace
  • Zip Code 85040
  • Property Type Industrial
  • Property Size 52,447 Sqft
  • Parking Spaces Avail. 102
  • Parking Ratio 1.94/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1996
  • Year Renovated 2009
  • Date Updated 30 Jan, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com

Description

Single-tenant NNN Investment Opportunity. Corporate HQ / Industrial Building. 52,447 SF Overall (16,481 SF Office. 35,996 SF Warehouse) No Landlord Responsibility per Existing Lease. Very Strong Tenant Financials. NNN Lease Through December 2026. NNN Lease Provisions: -Tenant bears all costs related to the Tenant's use and occupancy of the Premises. -Tenant responsible for all maintenance, including structural repairs, roof, parking lot, HVAC, et cetera. -Tenant responsible for all replacements, regardless of whether such replacement extends beyond the term. -Tenant shall not alter the premises without Landlords prior written consent. Tenant: Founded in 1975, Corbins Electric is an electrical construction, fabrication, and service firm with over 500 employees and strong credit. Occupying the offered space as its corporate headquarters since 2008, Corbins has a very strong local reputation based on more than 50-year track record of organizational integrity, value delivery, and sustained success. NOI: $408,000 ($0.65/SF/Month) Building Highlights: -Two-story masonry construction -Open office configuration -Creative, "tech" build-out and modern renovations -2nd floor atrium with retractable roof

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 4829 South 38th Street?

4829 South 38th Street totals 52,447 square feet.

When was this property built?

4829 South 38th Street was built in 1996.

South Mountain Highland Terrace Demographics

The average household income in zip code 85040 is $46,984, from a total of 10,007 households. In terms of employment, there are 68.49 % white-collar and 31.51 % blue-collar jobs in zip code 85040.

Population

  • Total Population152,209
  • Male Population(49.5 %) 75,299
  • Female Population(50.5 %) 76,910
  • Median Age32.10

Income/Financial

  • Average Household Income$65,531
  • Median Household Income$42,936
  • Median Income Under 25$30,625
  • Median Income 25-44$47,463
  • Median Income 45-64$45,316
  • Median Income Over 65$33,047

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