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801 E Washington St

7,730 SF Office Building Phoenix, AZ 85034 £1,941,415 (£251/SF) 5.60% Net Initial Yield

Investment Highlights

  • Sale / Leaseback opportunity!
  • Walking distance to downtown ammeneties.
  • Includes two leaseable addresses: 801 and 803
  • Rare opportunity to own office space downtown!
  • Minutes from the airport.

Executive Summary

Rare opportunity to own a free standing office / retail building in downtown Phoenix! Approx. 7,730 sq.ft. of recently remodeled office space with large open areas, high exposed ceilings, spacious private offices and an impressive conference room with amazing city views. Large reception/waiting area is comfortable for clients. Public restrooms and kitchenette. The private presidential suite includes a full private bath with shower. Gallery area is perfect for meetings, classes or discussion groups. Newly installed digital marquee signage. Energy efficient mechanical equipment keeps utility costs down. Convenient onsite and street parking. C1 Zoning. Including 803 E Washington allows for extended lease opportunities. Leaseback required for the seller's phase out period.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Office
Building Size
7,730 SF
Building Class
C
Year Built/Renovated
1964/2015
Price
£1,941,415
Price Per SF
£251
Net Initial Yield
5.60%
NOI
£108,719
Tenancy
Single
Number of Floors
1
Typical Floor Size
7,730 SF
Building FAR
0.52
Land Acres
0.34 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
15 Spaces (1.94 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 116-35-015
  • 116-35-016
Land Assessment
£19,468
Improvements Assessment
£0
Total Assessment
£77,722
  • Listing ID: 31023939

  • Date on Market: 22/02/2024

  • Last Updated:

  • Address: 801 E Washington St, Phoenix, AZ 85034

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