2853 S 44TH ST Phoenix AZ 85040-1701

This ±20,000 SF small-bay industrial property, divided into 13 functional units (several air-conditioned), is fully leased on month-to-month terms, creating immediate value-add potential. Investors can capture significant upside by converting tenants to market rents or NNN leases, with a proforma income of nearly $350,000 annually. Recent capital improvements include roof and asphalt coatings, and the flexible ±1,250–2,000 SF bay sizes appeal to a wide tenant base.

Strategically located in Phoenix’s dynamic Sky Harbor submarket, the property offers unmatched connectivity—just minutes from I-10, SR-143, Loop 202, Sky Harbor International Airport, and Arizona State University. With submarket vacancy at only ~5%, strong tenant demand and limited supply further enhance the asset’s rent growth potential. Positioned within an Opportunity Zone, this property combines stable income, upside opportunity, and exceptional location fundamentals for both investors and owner/users.