Biltmore Office Plaza | 2942 N 24th St
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Biltmore Office Plaza 2942 N 24th St
18,919 SF 100% Leased Office Building Phoenix, AZ 85016 £3,362,895 (£178/SF)
Investment Highlights
- Sale Leaseback Offering - Seven (7) Year Term
- Three Percent (3%) Annual Increases
- In Operation Since 2006
- NNN Lease Structure
- Well-Established Executive Office/Virtual Office Operator
- Immediate Access to I-10 & Loop 202 Fwys | Minutes to Biltmore, Arcadia, and Central Phoenix
Executive Summary
SVN is pleased to present to the market this sale leaseback opportunity in Phoenix, AZ. The building is currently occupied by Plaza Executive Suites, an experienced operator of executive offices suites throughout the Phoenix MSA including virtual offices and meeting space. Plaza Executives has been in operation since 2006 and currently has five locations in north Scottsdale, Mesa, North Phoenix, and Old Town Scottsdale in addition to this location in the Biltmore area. In 2022, Plaza Executive Suites Ranked #7 in Ranking Arizona: Office Business Centers. Plaza Executive Suites is willing to enter into a seven (7) year leaseback upon close of escrow under a triple net lease with three percent annual increases.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,919 SF
Building Class
B
Year Built
1974
Price
£3,362,895
Price Per SF
£178
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
9,459 SF
Building FAR
0.43
Land Acres
1.01 AC
Zoning
C-2, Phoenix - Commercial
Parking
63 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
1 of 1
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 119-17-031 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £127,622 |
PROPERTY TAXES
Parcel Number
119-17-031
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£127,622
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Richard Lewis -
Justin Horwitz -
SVN | Desert Commercial Advisors
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Biltmore Office Plaza | 2942 N 24th St
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