100% Leased Multi-Tenant Office Bldg For Sale | 1838 W Parkside Ln
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100% Leased Multi-Tenant Office Bldg For Sale 1838 W Parkside Ln
28,479 SF 100% Leased Office Building Phoenix, AZ 85027 £4,039,711 (£142/SF) 6.95% Net Initial Yield
Executive Summary
»Fully leased, freestanding, multi-tenant office building
»100% occupied by six (6) quality tenants
»Primarily NNN leases where tenants pay utilities and janitorial
»Monument signage for tenants
»Prominent Deer Valley location, a sought-after submarket, with
»numerous corporate & retail businesses nearby
»Minutes from Phoenix Deer Valley Airport, I-17 & Loop 101
»Parking Ratio: 3.20/1,000 SF (91 total spaces) with covered parking
»Cross-Streets: Parkside Lane and 19th Avenue
»Ownership: Fee Simple
»In-place income with value add upside potential
»100% occupied by six (6) quality tenants
»Primarily NNN leases where tenants pay utilities and janitorial
»Monument signage for tenants
»Prominent Deer Valley location, a sought-after submarket, with
»numerous corporate & retail businesses nearby
»Minutes from Phoenix Deer Valley Airport, I-17 & Loop 101
»Parking Ratio: 3.20/1,000 SF (91 total spaces) with covered parking
»Cross-Streets: Parkside Lane and 19th Avenue
»Ownership: Fee Simple
»In-place income with value add upside potential
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
28,479 SF
Building Class
B
Year Built
2006
Price
£4,039,711
Price Per SF
£142
Net Initial Yield
6.95%
NOI
£280,565
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
14,239 SF
Slab to Slab
12 ft
Building FAR
0.44
Land Acres
1.50 AC
Opportunity Zone
Yes
Zoning
IND PK, Phoenix - Industrial Park
Parking
77 Spaces (3.8 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Monument Signage
PROPERTY TAXES
Parcel Number | 209-02-107 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £467,952 |
PROPERTY TAXES
Parcel Number
209-02-107
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£467,952
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100% Leased Multi-Tenant Office Bldg For Sale | 1838 W Parkside Ln
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