10835 N 25th Ave - Office FOR SALE
Phoenix, AZ 85029 |
10835 N 25th Ave
Phoenix, AZ 85029
HIGHLIGHTS
- 22% leased with a clear path to significant upside by having the lowest basis in the trade area and implementing a spec suite program to stabilize.
- There are no available spec suites in the building's competitive set to capture tenant demand—specifically from tenants 6,000 SF or smaller.
- Flexible floor plates averaging ±32,200 SF with ideal bay depths to efficiently accommodate small-, medium-, and large-sized tenants.
- Buildings 50,000 SF with floor plates that only mostly accommodate small tenants boast a healthy a ±7.5% vacancy rate YTD within a 3-mile radius.
- Over ±291,000 SF have been leased by tenants with an average size of ±2,175 SF in 130+ transactions within a 3-mile radius from Black Canyon Center
- Located within an opportunity zone.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Black Canyon Center
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
96783
STORIES
3
BUILDING CLASS
A
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
560
LAND DETAILS
LAND ACRES
6.73 AC AC
LAND SF
293,159 SF
ZONING
-
APN/PARCEL ID
149-07-053D,149-07-065,149-07-066
