Listed by The Menlo Group Commercial Real Estate LLC
$3,300,000
1100 E Washington St
Details
APN 116-43-068A
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 11,784
Cap Rate 7.02%
NOI $2,315,327
Occupancy 95%
Tenancy Multi
Brand/Tenant Barrier Insulation & Energy and Reimagine Roofing
Lease Type Gross
Pro-Forma Cap Rate 8.44%
Pro-Forma NOI $2,786,477
Price per SqFt $280
Class A
Year Built 1980
Year Renovated 2022
Stories 2
Acreage 0.540
Zoning C-3, City of Phoenix
Parking Spaces 20 spaces
Parking per 1,000 SqFt 1.70
Investment Type Stabilized
Ownership Fee Simple
Multi-Tenant Office Building for sale Right off the Lite-Rail
Marketing description
1100 E Washington Street presents an exceptional investment opportunity with an 11,784 square foot, two-story, multi-tenant office building in the heart of Phoenix. Zoned C-3, the property offers not only strong current income but also potential future redevelopment flexibility. The building features a modern aesthetic with a high-end build-out and has undergone significant updates in recent years, enhancing both functionality and curb appeal.
Currently 100% occupied by three quality tenants with leases secured through 2027, the property benefits from a strong and diversified tenant mix, providing stable, long-term cash flow. Its prime location offers excellent accessibility and visibility, while the contemporary design and premium finishes make it a highly desirable workplace. Combining secure income, strong tenancy, recent capital improvements, and redevelopment potential, 1100 E Washington Street is a compelling addition to any commercial real estate portfolio
Ideally situated just east of Downtown Phoenix, 1100 E Washington Street offers unmatched accessibility to the region’s most prominent business, transportation, and lifestyle amenities. The property is less than five minutes from Sky Harbor International Airport and is within close proximity to major freeways, including I-10, I-17, and State Route 51, ensuring convenient regional connectivity. Tenants benefit from the nearby Valley Metro Light Rail station, providing direct access to downtown, the airport, and surrounding communities.
The location is surrounded by a dynamic mix of retail, dining, entertainment, and hospitality options, as well as major sports and cultural venues. Chase Field (home of the Arizona Diamondbacks), Footprint Center (home of the Phoenix Suns and Mercury), and the Phoenix Convention Center are all within minutes, along with an array of museums, performing arts venues, and popular downtown districts. This prime urban setting combines the advantages of a central address with excellent transportation links, making it a highly desirable location for a wide range of office users.
Investment highlights
- Multi-Tenant Office Building
- Three (3) Strong Tenants
- Zoned C-3
- Modern Aesthetic and High-End Build-Out
- Recent Renovations - 2021 & 2022
- 3 Floors - 1st, 2nd, and Basement
- Ideal Phoenix Location
Listing Contacts
Listed by The Menlo Group Commercial Real Estate LLC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$2,315,327.00
$192,943.92/mo
Valuation Metrics
0
DSCR
70.16%
Cap Rate
70.16%
ROI
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