Listed by SVN | Desert Commercial Advisors
$2,043,690
Earll Professional Plaza
Details
APN 118-34-282 , 118-34-644
Property Type Office
Sub Type Traditional Office
Square Footage 12,386
Units 2
Occupancy 85%
Tenancy Multi
Price per SqFt $165
Class A
Buildings 1
Stories 1
Zoning R-5
Parking Spaces 3.81 per 1,000 sq ft
Move-in Ready Office Condo in Midtown Phoenix
Marketing description
SVN is pleased to present to the market this unique opportunity to own an office condo in a midrise office building in the hear of Midtown Phoenix. Earll Professional Plaza is a well established, upscale office building that is very well managed and has recently undergone upgrades to the first floor lobby, including the elevators and digital directory signage. The subject suite is located on the third floor boasting tremendous views from balconies overlooking central Phoenix.
The subject space is comprised of two units that can either be combined for one occupant or separated presenting the potential for an owner to utilize one space and rent out the remainder creating supplemental income. The entry to the unit consists of a large reception area followed by a ideal general office layout consisting of a healthy mix of window-lined private offices, conference rooms, and open cubicle space. There is quality furniture that is currently in the space in which can potentially be negotiated to be included with the purchase of the property.
Earll Professional Plaza is unique in that the association is responsible for janitorial services 5 days a week, utilities, AC repairs and maintenance in addition to other typical services to maintain the building and its exterior. Additionally, there are 9 covered reserved parking spaces dedicated to these units.
Earll Professional Plaza is extremely well located in the Central Corridor in Midtown Phoenix. The property has convenient access to the 51 and 1-10 Freeways and is walking distance to the Light Rail. In addition to countless amenities in the immediate area, the property is minutes from Downtown Phoenix, home to Roosevelt Row, multiple university campuses, sports arenas, and an abundance of award winning restaurants and bars.
Investment highlights
- Move in ready office condo in the heart of the Central Corridor in Midtown Phoenix.
- There is potential to negotiate all existing furniture to be included with the sale of the premises.
- Highly functional general office layout with healthy mix of private offices, conference rooms, and open work space ideal for most every general office operator.
- The space is designed such that it can be demised to as little as 5,088 SF allowing an owner to rent out space or individual offices to drive supplemental income and offset expenses.
- Third floor balconies with views overlooking the central Phoenix skylines.
- Upscale multi-story building with remodeled lobby and professional services included with association.
- Convenient access to 51 and I-10 Freeways in addition to being walking distance to the Light Rail.
- Surrounded by countless amenities including hotels, shops, and restaurants.
- Minutes to Downtown Phoenix, home to Roosevelt Row, the Phoenix Suns, and the Arizona Diamondbacks.
- The building is in close proximity to many universities including the newly built Creighton University at Park Central as well as Arizona State University, U of A, and NAU's campuses in the heart of Downtown Phoenix.
Listing Contacts
Listed by SVN | Desert Commercial Advisors
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