1940 W ELLIOT Road B105, Gilbert, AZ 85233 (MLS# 7031401)

1940 W ELLIOT Road B105, Gilbert, AZ 85233

$4,345

Property Type: Comm/Industry Lease Square Footage: 3,161 Lot Size (sq. ft.): 3,161 Status: Active

Current Price: $4,345 List Date: 5/21/2026 Last Modified: 6/09/2026

Overview

Description

Fully built-out Industrial Flex space. Prime Location. Current tenant's lease end June 30th. Fully air conditioned offices (1260SF) and evap-cooled warehouse (1900SF). Please see photos. 3 year minimum lease. Current tenant is open to subleasing an office and a small portion of warehouse, if new lessee is interested. PPSF is 16.50/SF/Year, NNNs are additional $5.02/SF/Yr. Total monthly rent is $5668. Lease has 3% annual increases. 3 year minimum.

Listing Details MLS# 7031401

Location, Tax & Legal

House Number: 1940
Compass: W
Street Name: ELLIOT
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 5027
Country: US
County Code: Maricopa
Subdivision: ELLIOT BUSINESS CENTER CONDOMINIUM
Assessor Number: 302-23-085
Tax Year: 2025
Unit #: B105
Assessor's Map #: 23
Legal Description (Abbrev): ELLIOT BUSINESS CENTER CONDOMINIUM MCR 922-36 UNIT 105 BLDG B (PLEASE NOTE: FOR LEGAL DESCRIPTION RE
Assessor's Parcel #: 85
Add'l Parcels: No
Tax Municipality: Gilbert
Census Tract: 422307
Taxes: 4214
Legal: ELLIOT BUSINESS CENTER CONDOMINIUM MCR 922-36 UNIT 105 BLDG B (PLEASE NOTE: FOR LEGAL DESCRIPTION RE

Contract Info

Lease Price/HiSeason: 4345
Lease Type: NNN

General Property Description

Type of Property: Flex - Office & Warehouse
Ttl Apx SqFt Bldg: 3161
Ttl Apx Net Rnt Spc: 3161
# of Buildings: Yes
Stories: Yes
# of Interior Levels: Yes
Mntly Lse Prc P/SqFt: 1.37
Year Built: 2007
Uncvrd Parking Spcs: 12
Zoning: I-1 - Light Ind

Remarks Misc

Cross Street: Arizona & Elliot
Directions: East to 1940 W Elliot Building. North side of road.

Legal Info

Township: 1S
Range: 5E
Section: 10
Lot Number: 105

Lease Info

Suite Size Avail Max: 3160
Space Divisible: No
Annual Lease Price: 52140
Annual Lse Prc P/SF: 16.5
Base Rent Escalation: Yes
Lease Year (Min-Max): 3-10
Annual CAM/SqFt: 5.02
Annual Exp Stop/SqFt: 0

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 602-478-6117

Construction

Tilt-Up: Yes
Other: Yes

Roofing

Built-Up: Yes

Floors

Tile: Yes
Concrete: Yes
Vinyl: Yes

Building Type

Commercial: Yes
Industrial: Yes
Office: Yes
Distribution/Warehouse: Yes

Business Type

Other: Yes

Lockbox Type

Combo: Yes

Type of Lease

NNN: Yes
Deposit Required: Yes

Ceiling Height

14.1 Feet to 16 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Central Air: Yes
Office A/C: Yes
Warehouse Evap: Yes
Ceiling Fan(s): Yes

Landlord Pays

None: Yes

Interior Features

Fire Sprinklers: Yes
Smoke Detector(s): Yes
Private Restrooms: Yes

Loading Facilities

Drive-in Door(s): Yes

Tenant Pays

Taxes: Yes
Other (See Remarks): Yes

Move in Costs

1st Months Rent: Yes
Deposit(s): Yes
Cleaning Deposit: Yes

Road Access Type

City Street: Yes

Exterior

Building Sign: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Building Features

Conference Room: Yes
Showroom: Yes
Computer Room: Yes
Skylight(s): Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Parking Lot: Yes
Paved: Yes

Electric

SRP: Yes
3 Phase Power: Yes

Gas

None: Yes

Lease Includes

Building & Land: Yes

Lease Conditions

Other (See Remarks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Industrial; Office; Distribution/Warehouse Business Type: Other Type of Lease: NNN; Deposit Required Construction: Tilt-Up; Other Roofing: Built-Up Floors: Tile; Concrete; Vinyl Ceiling Height: 14.1 Feet to 16 Feet Heating: Heat Pump Cooling: Central Air; Office A/C; Warehouse Evap; Ceiling Fan(s) Landlord Pays: None Tenant Pays: Taxes; Other (See Remarks) Move in Costs: 1st Months Rent; Deposit(s); Cleaning Deposit Interior Features: Fire Sprinklers; Smoke Detector(s); Private Restrooms Exterior: Building Sign Loading Facilities: Drive-in Door(s) Building Features: Conference Room; Showroom; Computer Room; Skylight(s) Parking Features: Free; Parking Lot; Paved Road Access Type: City Street Road Responsibility: City Maintained Road Electric: SRP; 3 Phase Power Gas: None Water Source: City Franchise Sewer: Sewer - Public Lease Includes: Building & Land Lease Conditions: Other (See Remarks) Lockbox Type: Combo Environmental: None

Listing Office: AXIS Real Estate

Last Updated: June - 09 - 2026