2512 E Magnolia St
Phoenix, AZ 85034
Industriel/Logistique Bien À vendre

This industrial investment opportunity at 2512 East Magnolia Street in Phoenix combines scale, accessibility, and adaptable infrastructure on a ±2.66-acre site. The property’s ±58,890 SF building includes a substantial office component of approximately ±11,456 SF and benefits from A-2 zoning within the City of Phoenix. Its design supports efficient operational flow with dock-high loading (17 positions equipped with levelers) and significant power capacity rated at 2,500 amps, 277/480V, 3-phase.
The site features a secure, fenced yard and provides immediate connectivity to State Route 51 as well as Interstates 10 and 17. Located minutes from Phoenix Sky Harbor International Airport, it enables convenient service to regional and national markets. The property is currently leased to a publicly owned tenant engaged in medical marijuana cultivation, generating a Net Operating Income (NOI) of $264,600. Favorable lease terms extend through May 2031 with four remaining five-year options, and current lease rates are approximately 60% below market, creating significant future upside. Offered at $6,500,000, this asset provides an investor with stabilized income along with potential for value growth over the long term.