PHOENIX, AZ — January 1, 2026 — An industrial outdoor storage (IOS) property at 4714 N 43rd Avenue in Phoenix has been leased, according to the Sheehan | Schumacher Industrial Team at Rein & Grossoehme Commercial Real Estate (RGCRE). The transaction reflects continued demand for industrial properties with significant yard and outdoor storage components in the Grand Avenue corridor, one of Phoenix's most established industrial submarkets.
Max Schumacher, SIOR, and Patrick Sheehan of RGCRE represented the landlord in the lease transaction.
Key Highlights
- Property Address: 4714 N 43rd Avenue, Phoenix, AZ
- Property Type: Industrial with Outdoor Storage / Yard (IOS)
- Building Size: 7,863 SF
- Total Land Area: 2.91 acres (approximately 126,720 SF)
- Submarket: Grand Avenue, Phoenix
- Representation: Landlord representation by Max Schumacher, SIOR, and Patrick Sheehan — Rein & Grossoehme Commercial Real Estate
- Transaction Type: Lease
Property Profile: High Land-to-Building Ratio Drives IOS Value
The property at 4714 N 43rd Avenue exemplifies the characteristics that make IOS assets increasingly sought-after across the Phoenix industrial market. With a 7,863-square-foot building situated on 2.91 acres of land, the site features a land-to-building ratio of approximately 16:1 — providing substantial outdoor storage, staging, and operational yard capacity that far exceeds what traditional industrial properties offer.
| Property Metric | Detail |
|---|---|
| Address | 4714 N 43rd Ave, Phoenix, AZ |
| Property Type | Industrial with Outdoor Storage (IOS) |
| Building SF | 7,863 |
| Land Area | 2.91 acres (~126,720 SF) |
| Land-to-Building Ratio | ~16:1 |
| Submarket | Grand Avenue, Phoenix |
"Properties with this kind of land-to-building ratio are becoming increasingly difficult to source in infill Phoenix locations," said Max Schumacher, SIOR, of Rein & Grossoehme Commercial Real Estate. "The Grand Avenue corridor has historically attracted users who need yard-intensive operations, and assets like 4714 N 43rd Avenue continue to generate strong leasing demand."
Grand Avenue Submarket: A Core Phoenix IOS Corridor
The Grand Avenue submarket has long served as one of Phoenix's primary industrial corridors, with a concentration of heavy industrial, yard-intensive, and outdoor storage users drawn to the area's favorable zoning, accessibility, and proximity to major transportation arteries. The submarket's diagonal alignment along Grand Avenue (US-60) provides connectivity to both the I-17 freeway system and the broader west Phoenix industrial core.
IOS properties in infill Phoenix locations like Grand Avenue benefit from a structural supply constraint: industrial-zoned land with permissive outdoor storage entitlements is rarely created through new development, making existing IOS assets a finite and appreciating resource. As competing land uses — including residential and mixed-use development — continue to encroach on legacy industrial corridors across the metro, properly zoned IOS sites with significant acreage command increasing attention from tenants and investors alike.
Patrick Sheehan of RGCRE noted that the transaction underscores broader trends in Phoenix's industrial outdoor storage segment. "We're seeing sustained tenant demand for yard-heavy properties across multiple Phoenix submarkets, and the Grand Avenue corridor remains one of the most active areas for this product type," Sheehan said.
Market Context
The Phoenix industrial market continues to demonstrate strength in the IOS and yard-intensive segment, even as broader industrial metrics — particularly in large-format speculative distribution — have experienced some recalibration. IOS properties occupy a distinct niche within the industrial landscape, driven by end users in construction, landscaping, fleet storage, equipment rental, utilities, and logistics operations that require substantial outdoor operational area.
Nationally, institutional investor interest in IOS as a distinct asset class has grown considerably over the past several years, with dedicated IOS-focused funds and platforms emerging to acquire and develop these properties. In Phoenix, the combination of population growth, infrastructure investment, and constrained supply of entitled industrial outdoor storage land has positioned the market as one of the most active IOS markets in the Sun Belt.
The Sheehan | Schumacher Industrial Team at Rein & Grossoehme Commercial Real Estate continues to track IOS lease and sale activity across the Phoenix metropolitan area, providing market intelligence on this specialized industrial segment.
About Rein & Grossoehme Commercial Real Estate
Rein & Grossoehme Commercial Real Estate (RGCRE) is a full-service commercial real estate brokerage based in Scottsdale, Arizona. The Sheehan | Schumacher Industrial Team, led by Patrick Sheehan and Max Schumacher, SIOR, specializes in industrial landlord representation across the Phoenix metropolitan area, with deep expertise in Industrial Outdoor Storage (IOS), single-tenant industrial, and multi-tenant flex properties. With over $525 million in total transaction volume, the team ranks among the top industrial brokerage teams in the Phoenix market.