2942 N 24th St - Office FOR SALE


Phoenix, AZ 85016
$4,256,775 USD
602-327-0064
2942 N 24th St, Phoenix, AZ for Sale
$4,256,775 USD
Office - FOR SALE
1/12
null | Request Cap Rate

2942 N 24th St
Phoenix, AZ 85016


HIGHLIGHTS

  • Sale Leaseback Offering - Seven (7) Year Term
  • NNN Lease Structure
  • Three Percent (3%) Annual Increases
  • Well-Established Executive Office/Virtual Office Operator
  • In Operation Since 2006
  • Immediate Access to I-10 & Loop 202 Fwys | Minutes to Biltmore, Arcadia, and Central Phoenix

OVERVIEW

SVN is pleased to present to the market this sale leaseback opportunity in Phoenix, AZ. The building is currently occupied by Plaza Executive Suites, an experienced operator of executive offices suites throughout the Phoenix MSA including virtual offices and meeting space. Plaza Executives has been in operation since 2006 and currently has five locations in north Scottsdale, Mesa, North Phoenix, and Old Town Scottsdale in addition to this location in the Biltmore area. In 2022, Plaza Executive Suites Ranked #7 in Ranking Arizona: Office Business Centers. Plaza Executive Suites is willing to enter into a seven (7) year leaseback upon close of escrow under a triple net lease with three percent annual increases.

FOR SALE DETAILS

PRICE

$4,256,775 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biltmore Office Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

119-17-031

ASK ABOUT THIS PROPERTY

Richard LewisSVN | Desert Commercial AdvisorsMore Info
602-327-0064

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Richard LewisSVN | Desert Commercial AdvisorsMore Info
602-327-0064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.