4120 N 38th Drive — Lease in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Phoenix, AZ 85019

Description

±19,440 SF Industrial Space with ±0.96 AC of Land for Lease Available Immediately Available: ±19,440 SF ±0.96 AC of Land Office: ±2,400 SF Lot Size: ±41,818 SF Production Area: HVAC Cooled, ±10’ Clear Hight Warehouse Area: EVAP Cooled, ±18’ Clear Height 2 Sets of Restrooms in Warehouse, 1 in Office 2 Grade Level Doors 1 Ramp to Grade Double Truckwell with Edge of Dock Levelers Power: 800 Amps 3 Phase

Market Context

This industrial in Phoenix, AZ is listed for lease. It has been on the market for 195 days. Compare it against other industrial listings for lease in Phoenix, AZ — view the full market.

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

Rising rents point to a competitive market where well-priced, well-located space leases 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).

Estimated Market Rate

$1.06/SF/mo – $1.44/SF/mo

Mid: $1.25/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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