| BUILDING | |||
|---|---|---|---|
| Type | 2 Star Office | ||
| Tenancy | Single | ||
| Year Built | 1986 | ||
| RBA | 40,980 SF | ||
| Stories | 2 | ||
| Typical Floor | 20,490 SF | ||
| Construction | Masonry | ||
| LAND | |||
| Land SF | 206,910 SF | ||
| Zoning | LI, Mesa | ||
| Parcels | 139-49-010A, 139-49-010B | ||
| EXPENSES | |||
| Taxes | $1.66/SF (2021) | ||
| FOR LEASE | |||
| Smallest Space | 40,980 SF | Office/Med Avail | 40,980 SF |
| Max Contiguous | 40,980 SF | ||
| # of Spaces | 1 | ||
| Vacant | 40,980 SF | ||
| % Leased | 0% | ||
| Rent | Withheld - CoStar Est. | ||
| SALE | |
|---|---|
| For Sale | $8,000,000 ($195.22/SF) |
| Sale Type | Investment |
| Status | Active |
| Last Sale | |
| Sold Price | $4,074,000 ($99.41/SF) |
| Date | Oct 2020 |
| Sale Type | Investment |
| TRANSPORTATION | |
|---|---|
| Parking | 126 available (Surface);120 available (Covered);Ratio of 6.00/1,000 SF |
| Airport | 22 min drive to Phoenix Sky Harbor International Airport |
| Walk Score® | Car-Dependent (29) |
| Transit Score® | Some Transit (32) |
| MARKET CONDITIONS | ||
|---|---|---|
| Vacancy Rates | Current | YOY Change |
| Subject Property | 100.0% | 0.0% |
| Submarket 1-3 Star | 9.0% | -2.9% |
| Market Overall | 15.1% | 1.1% |
| Market Rent Per Area | Current | YOY Change |
| Subject Property | $20.71/SF | 4.3% |
| Submarket 1-3 Star | $23.25/SF | 4.3% |
| Market Overall | $28.01/SF | 2.9% |
| Submarket Leasing Activity | Current | YOY Change |
| 12 Mo. Leased | 448,014 SF | 11.6% |
| Months on Market | 7.5 | -4.2 mo |
| Submarket Sales Activity | Current | Prev Year |
| 12 Mo. Sales Volume (Mil.) | $96.96M | $130.54M |
| Market Sale Price Per Area | $191/SF | $187/SF |
