1501 W Knudsen Dr, Phoenix, AZ 85027

Rein & Grossoehme is excited to bring to market an opportunity to acquire or lease a freestanding, single-story flex building in one of Phoenix's most desirable industrial corridors. Located at 1501 W. Knudsen Drive in the Deer Valley submarket, this ±18,494 SF building sits on ±1.26 acres and offers a rare combination of in-place income, heavy power infrastructure, and immediate proximity to TSMC, the most significant economic development project in Arizona's history.

The property is currently occupied by Severn Trent Laboratories, Inc. under a NNN lease generating $38,620/month, with a scheduled 4% rent increase to $40,165/month effective July 1, 2026, and a lease expiration of June 30, 2027 — providing a buyer with stable cash flow and a clear path to repositioning. Tenant is potentially willing to vacate early.

The building is easily convertible to 80%+ warehouse use, with plans already in place, making it an ideal value-add play for owner-users and investors alike. The building currently features 17’ - 20’ clear height, two (2) grade level doors (12’ x 14’), 50 parking spaces, with air conditioning throughout. The 1.26 AC site provides an opportunity for a secured yard with two (2) points of ingress/egress.