Listed by Cushman & Wakefield - Phoenix, Arizona
$12,450,000
Bell Plaza
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 96,469
Units 5
Cap Rate 8.40%
Occupancy 63%
Tenancy Multi
Year Built 1975
Year Renovated 2008
Buildings 2
Acreage 9.890
Zoning C-2
Parking Spaces per 1,000 sq ft
Investment Type Value Add
Just Listed: Value-Add Multi-Tenant Office/Medical Complex in Sun City, AZ
Investment highlights
- Two-building office and medical complex totaling approximately ±96,469 sq. ft.
- Currently ±63% leased to a diverse tenant base, comprised of ±28% medical and wellness users and ±72% traditional office users.
- Excellent medical conversion opportunity given the property’s ±37% vacancy and the trade area’s low ±10.4% medical office vacancy rate.
- Large ±9.89-acre parcel situated at a hard corner with street frontage on three of four sides, offering compelling full or partial redevelopment potential.
- Highly efficient and flexible layouts accommodate a wide range of tenant sizes—from small suites to larger occupancies—supporting consistent leasing demand across multiple user profiles.
- Over $2 million has been invested in capital improvements since 2020, with additional upgrades currently underway.
- Centrally located within immediate proximity to six (6) major healthcare campuses.
- Situated within Sun City, a master-planned, age-restricted community with a strong and stable retiree population base.
- Located in the West Valley, an area experiencing explosive growth as a result of Taiwan Semiconductor’s $165 billion investment and Amkor’s new $2 billion Peoria campus.
- Approximately ±2.5 miles from Loop 101 via Bell Road, offering seamless connectivity to the greater Metro Phoenix freeway system, including I-17, I-10, and Loop 303, and access to roughly 1.5 million residents within a 30-minute drive.
- Positioned within a rapidly evolving corridor anchored by Arrowhead Towne Center—a dynamic 1.1 million-square-foot super-regional mall—where the Bell Road and Loop 101 corridor is transforming into a vibrant, full-scale lifestyle retail destination.
Listing Contacts
Listed by Cushman & Wakefield - Phoenix, Arizona
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