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New Listing: ±55,662 SF Ideal Owner/User Or Value-Add Investment Opportunity

Arizona Professional Plaza

For Sale – Ideal Medical/Office Owner/User or Value-Add Investment Opportunity

Avison Young, as Exclusive Adviser, is pleased to present the opportunity to acquire Arizona Professional Plaza. The property is offered at a price significantly below replacement cost, while providing an excellent future upside value creation for an owner-user, investor or developer. This ±55,662 square-foot four story, plus basement sits on 2.94 AC and hold an attractive R-5 City of Phoenix zoning designation. This professional building is located in the heart of North Central Phoenix at N 17th Drive and West Glendale Avenue.

The building is currently 41.8% occupied providing an opportunity for an office, medical, behavioral health, inpatient user or school owner-user to acquire the asset, The opportunity also provides tremendous upside for a value-add investor or developer looking to re-purpose the site.

Building Size       :               ±55,662 SF Professional Building
Sale Price             :               $4,915,000 ($88.30 PSF)
Occupancy          :               41.8%
Year Built             :               1971, Renovated 2013
Parking Ratio      :               ±6.7:1,000 RSF, 92 covered reserved
spaces
Zoning                  :               R-5, City of Phoenix

Alexandra J. Loye
Principal
602.625.4220
alexandra.loye@avisonyoung.com 
Laurie Sandau
Associate
602.370.1688
laurie.sandau@avisonyoung.com 

 

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