This well maintained two level office building is located in Midtown Phoenix and supports office requirements for accounting and law firms, software development, industry trade association and related uses. The building is situated on a ±49,223 SF (1.13 acres) site just south of 3rd St. and Thomas Rd. On site amenities include second floor access via elevator, men's and women's restrooms on each floor, and surface and covered parking totaling a parking ratio of 4/1,000 SF. This investment opportunity is ideal for any owner user or investor looking for a stable asset in a historically strong market with great upside. The building is currently 75% occupied, but the Seller is willing to guarantee one year's worth of rent on any vacant units at the time of the sale. Sales Info: ■ Commision split: 3.0% Location Description: The subject property is very conveniently located in the Midtown sub-market of Phoenix, AZ just south of Thomas Rd. and 3rd St. The building can be very easily accessed as it is about one mile from the I-10 Fwy and in close proximity to the I-17, US 51, and Loop 202 Fwys. In addition to numerous retail amenities, the area subject site is in close proximity to the Light Rail and Phoenix Sky Harbor International Airport. The area is heavily populated with single and multi-family residential residential units, Phoenix City offices, courts, professional sports facilities, and multiple museums. Highlights: ■ User/Investor Opportunity ■ Asking Price - $2,335,000 ($91 PSF) ■ 75% Occupancy | Seller Guarantee on Vacants ■ Projected Year 1 CAP Rate - 8.86% ■ Historically Strong Midtown Sub-market ■ *Please call agent to request full Offering Memorandum. « show less
This well maintained two level office building is located in Midtown Phoenix and supports office requirements for accounting and law firms, software... show more »
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