Listed by Commercial Properties Inc Tempe
$699,999
2204-2206 W Indian School
Details
Property Type Office
Sub Type Executive Office, Freestanding
Square Footage 1,811
Cap Rate 7.00%
NOI $49,000
Lease Type Absolute NNN
Year Built 1956
Year Renovated 2025
Buildings 2
Lot Size (SqFt) 17,724
Parking Spaces 7.17 per 1,000 sq ft
Investment Type Sale/Leaseback
Office | 7.00% CAP | 1,811 SqFt
Marketing description
Renovated in 2025 With New Flooring, Paint, Interior and Exterior, New Roof on East Building, New a/c and Ducting/insulation on Both Buildings, Automated Gate on West Entrance. East Automated Gate to Be Installed. New Wrought Iron Perimeter Fencing, Approximately 12,650 Sf Additional Parking or Storage.
Excellent Owner-user or Investment Opportunity Along One of Phoenix’s Busiest Commercial Corridors. This Well-located Property Offers Outstanding Visibility, High Daily Traffic Counts, and Convenient Access to Major Freeways and Surrounding Amenities.
The Property is Surrounded by a Dense Mix of Retail, Office, and Residential Communities, Ensuring Strong Traffic Counts and a Built-in Customer Base. Nearby National and Regional Retailers, Restaurants, and Service Providers Contribute to the Area’s Established Commercial Presence.
Investment highlights
- Sale Leaseback Opportunity at 7% Cap Rate
- High visibility frontage on Indian School Rd with strong traffic counts
- Excellent signage opportunities
- Ample on-site parking
- Easy access to I-17, I-10, and SR-51
- Dense surrounding population with strong demographics
- Close proximity to Grand Canyon University, Banner Health, and Downtown Phoenix
- Reimbursements Property Taxes: ±$1,638/yr (Paid by Tenant) Insurance: ±$1,896/yr (Paid by Tenant)
- Base Rent $4,083.33/mo NNN
- 2-year stabilized income stream
- Absolute NNN structure
- Predictable monthly cash flow: $4,083.33/mo
- Tenant pays property insurance, property taxes, and operating expenses
- NOI: $48,999.96 annually
- CAP Rate: 7.00%
- Property Taxes: $1,638.02 (tenant-paid)
- Property Insurance: $158.00/Mo (tenant-paid)
- Landlord Responsibilities: None under NNN structure
- West Building: ±1,137 SF East Building: ±674 SF
Listing Contacts
Listed by Commercial Properties Inc Tempe
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$48,999.96
$4,083.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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