North Central Business Park 2-3

American Realty Brokers is pleased to exclusively present the portfolio sale of 7,853 square feet of professional space at the North Central Business Park in Phoenix, Arizona. The park is at 8821 N 7th Street and offers excellent access to Interstate 17, State Route 51, and key local amenities. The subject buildings, two and three, were recently remodeled, providing four condos with office kitchens suitable for various professional services, including medical, legal, and wellness businesses. In building two, condo 200 offers 2,608 square feet, and condo 210 offers 2,869 square feet. In building three, condo 300 offers 1,225 square feet (potentially closing escrow soon), and condo 305 is 1,151 square feet. With C-3 zoning, covered parking, and a 6.2% cap rate, this value-add opportunity is ideal for an owner/user seeking additional rental income from remaining office suites while occupying part of the business park. After-work shopping and dining are available for employees at the Marketplace at Central, anchored by Walmart Neighborhood Market, Ross Stores, and Dollar Tree. Other conveniences are available at Lucky-Walgreen Complex, Wong Plaza, Palo Verde Plaza, and much more.

Phoenix’s scenic downtown area is quite walkable, and the light rail system makes getting through the metro a breeze. Residents and daytime employees in Phoenix enjoy access to the Arizona Biltmore Hotel, South Mountain Park, Chase Field, the Japanese Friendship Garden, Tonto National Forest, and more. The North Central Business Park is equidistant from Interstate 17 and US 51, enabling a quick trip to Downtown Phoenix, approximately a 15- to 35-minute drive. Phoenix's large educational institutions and colleges significantly contribute to the local talent pool. The Phoenix Metro is home to the country's largest public and private universities: Arizona State University (ASU) and Grand Canyon University (GCU). ASU enrollment surpassed 145,000 students in fall 2023, spread across five campuses and including online students.

Phoenix remains one of the nation's better-performing markets for employment growth, adding 48,800 jobs in the trailing 12-month period through August 2024. Thanks to a diversified employment base across various industries, the local economy was highly resilient during the pandemic. The competitive advantage and growth drivers that have historically stimulated growth in the Valley remain strong. Relative affordability and job prospects attract people living in dense, expensive cities to Phoenix. Population growth, a diversifying economy, relative affordability, and business-friendly regulation have strengthened the Phoenix value proposition. These characteristics ranked Maricopa County as the fourth-fastest growing county in the country on an absolute basis. Businesses select Phoenix to expand because of the extensive labor pool and favorable regulatory treatment.

Inquire today to learn more information about the professional user acquisition opportunity with in-place income streams for additional benefits.