• .

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
Zoning                  :               R-5, City of Phoenix

Alexandra J. Loye
Laurie Sandau


The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In