4645 E Cotton Center Blvd - Office FOR SALE


Phoenix, AZ 85040
$14,600,000 USD
602-339-3131
4645 E Cotton Center Blvd, Phoenix, AZ for Sale
$14,600,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

4645 E Cotton Center Blvd
Phoenix, AZ 85040


HIGHLIGHTS

  • Located along the Phoenix/Tempe border
  • Within 3-mile proximity to the Mill Avenue Entertainment District
  • Near immediate proximity to Sky Harbor Airport

OVERVIEW

• Two-story, institutional-quality office building totaling ±116,858 square feet (SF) and parking deck. • Current ownership has invested $9.4 million in renovations and capital improvements since 2015. Improvements include a new parking deck, roof replacement, common area restrooms, elevator upgrades, parking lot reseal and stripe, HVAC replacements, and substantial tenant improvements. • High-quality concrete tilt-panel construction finished with glass curtain walls, decorative block accents, and metal canopies. • Features an attractive two-story lobby consisting of wood and metal finishes, modern decorative light fixtures, and a large feature staircase. • Modern “plug & play” amenities, including several conference rooms, kitchens/break rooms, and a training room, allow for the space to be fully-utilized with effectively no downtime. • Floor plates of ideal bay depth to support extensive glass line and views throughout. • Adjacent 358-space parking deck and surface spaces achieve an abundant parking ratio of 6.5/1,000 and the covered parking ratio to 2.44/1,000. • Significant near-term in-place income to support carry costs during planning and construction of owner-occupier suite. • Ideally located in the heart of the Valley’s transportation hub near the I-10, and SR-143. In total, 7 different freeways lie within 10-minutes of the property. • Near immediate proximity to Sky Harbor Airport. • Location along the Phoenix/Tempe border allows beneficial exposure to Tempe’s educated workforce. • Within 3-mile proximity to the Mill Avenue Entertainment District, a 24/7 live-work-play urban hot-spot known for its extraordinary amenities and anchored by Arizona State University, the nation’s largest university.

FOR SALE DETAILS

PRICE

$14,600,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Cotton Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

188

LAND DETAILS

LAND ACRES

9.5 AC

LAND SF

413,820 SF

ZONING

CP/GCP

APN/PARCEL ID

123-06-039A

ASK ABOUT THIS PROPERTY

Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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