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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20925812
20925774

16448 N 40th St, Phoenix, AZ 85032 For Sale

OR
AZ BR541635000
Realty Of America
Listed by Realty Of America
$1,050,000
593 days on market
Updated 21 days ago

North Phoenix Upgraded Office

Details
APN 214-33-003-A
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 3,144
Cap Rate 6.50%
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 3.3
Lease Expiration 10/31/2028
Remaining Term 2.3
Rent Bumps Yes
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $65,000
Price per SqFt $334
Broker Co-Op Yes
Class B
Year Built 2001
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 12,110
Zoning C-T, R-O
Parking Spaces 12 spaces
Parking per 1,000 SqFt 3.82
Investment Type Net Lease
Lease Commencement 07/15/2025
Occupancy Date 11/01/2028
Ownership Fee Simple

Upgraded North Phoenix Office

Marketing description

  • Recently Renovated

  • 9 offices

  • Full Kitchen

  • Conference Room

  • 4 restrooms

  • 1 shower

  • Private balcony

  • 12 total parking spaces

  • North Paradise Valley/North Phoenix Market

  • Near Freeway

  • Minutes from North Scottsdale

  • Great Location

Investment highlights

  • Recently upgraded

  • Cash Flowing

  • Tenant Occupied

Listing Contacts

OR
AZ BR541635000
Realty Of America
Listed by Realty Of America

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Additional Information

Name
Omar Robles
License
BR541635000
Brokerage
Phoenix TCB Realty Group
Title
Designated Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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