Cavan Commercial has completed Power Commerce Park in Gilbert, providing a modern neighborhood flex bay (NFB) campus at a time when demand for light industrial space continues to rise. The development, located at 3380 S. Power Road at the northwest corner of Power and Elliot roads, includes 12 freestanding 12,171-square-foot buildings designed to serve the East Valley’s fast-growing base of small and mid-sized operators who continue to drive industrial absorption in high-growth suburban markets.
Image Courtesy of: Cavan Commercial
Built to redefine the small-bay experience, Cavan’s NFB model blends industrial functionality with modern storefronts, conditioned warehouse space and secure private yards, designed to integrate seamlessly with nearby retail and residential areas. The development has achieved full occupancy, stabilization and disposition, reflecting the strong tenant demand and aligning with Cavan’s strategy of building, leasing, operating and selling high-performing neighborhood flex bay assets. Following the success of Power Commerce Park, Cavan has four additional projects under construction in the East Valley.
“Power Commerce Park shows what happens when small-bay development is tailored to how today’s businesses actually operate,” said Dale Cavan, president of Cavan Commercial. “Neighborhood flex bay campuses meet real tenant needs and give investors exposure to a segment where demand consistently outpaces supply, supporting durable occupancy and dependable long-term performance.”
Most buildings at Power Commerce Park were demised into 6,000-square-foot suites, meeting a segment of the market where availability remains extremely constrained. According to Commercial Properties Inc.’s Phoenix Industrial Q2 2025 market report, properties under 50,000 square feet remain tight, holding roughly a 5% vacancy rate, while larger buildings of 100,000 square feet or more have reached a 15-year high, with vacancy exceeding 16%.
Image Courtesy of: Cavan Commercial
“Although the Phoenix industrial pipeline remains among the most active in the country, less than 8% of new construction in 2024 was under 100,000 square feet, and less than 2% were buildings smaller than 25,000 square feet with office-ready layouts,” added Cavan. “NFB campuses like Power Commerce Park fill this critical gap, providing tenants such as contractors, specialty manufacturers and service-based businesses with a turnkey solution that supports production, storage, fulfillment and customer engagement under one roof, within their community. ”PDI Architecture served as the project’s architect, with Chasse Building Team as general contractor.
Images Courtesy of: Cavan Commercial
Power Commerce Park adds to Cavan’s growing portfolio of NFB campuses across the region and reinforces the firm’s commitment to delivering adaptable, community-focused light industrial environments that support local business growth. For more information about Cavan Commercial and its projects, visit cavancommercial.com.
About Cavan Commercial
Headquartered in Scottsdale, Arizona, Cavan Commercial is a leading real estate development and investment firm redefining industrial development through its neighborhood flex bay (NFB) platform. Cavan’s signature NFB campuses create modern, best-in-class neighborhood industrial environments designed for both business and community. Featuring cohesive freestanding buildings with professional storefronts, conditioned warehouse interiors and secure private yards, these campuses provide a turnkey solution for small and mid-sized businesses to operate, store and serve customers—all under one roof. Thoughtfully designed to integrate seamlessly with surrounding retail, office and residential areas, NFB campuses deliver unmatched flexibility and connectivity. With more than 30 years of experience, Cavan continues to set the standard for adaptable, high-functioning light industrial space in high-growth markets.
Learn more: cavancommercial.com
