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33228203
33228218

7220 North 16th Street, Phoenix, AZ 85020 For Sale

PB
BR537748000
Platinum Realty Network
Listed by Platinum Realty Network
$685,000
47 days on market
Updated 5 days ago

7220 North 16th Street

Details
APN 160-25-193-A
Property Type Retail, Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 2,238
Net Rentable (SqFt) 100
Units 7
Cap Rate 2.33%
NOI $15,990
Occupancy 80%
Year Built 1982
Year Renovated 2019
Buildings 1
Stories 2
Zoning C-O
Parking Spaces 10 spaces
Parking per 1,000 SqFt 4.47
Investment Type Owner/User
Ground Lease No
Sale Condition N/A

Turnkey Office Suite In Great Phoenix Location with Exceptional Modern Remodel

Marketing description

Exceptional opportunity to own a completely remodeled office condominium designed for productivity, professionalism, and growth. This turnkey property offers a modern, functional layout ideal for a wide range of businesses, including professional services, medical, consulting, insurance, real estate, or corporate offices. The recent renovations provide a fresh, contemporary environment that will impress clients and create a comfortable workspace for employees. The thoughtfully designed layout balances private workspaces with collaborative areas, making it suitable for a variety of business operations. Please click the more link to see more information.

Whether you're expanding your business, relocating to a premium office setting, or seeking an investment property with strong leasing potential, this beautifully remodeled office complex is ready to meet your needs.

Property Features:

7 private offices.

Welcoming reception area with waiting space.

Spacious conference room for meetings and presentations.

Fully equipped break room/kitchenette.

Updated finishes throughout.

Modern lighting, flooring, and fixtures.

Efficient and professional floor plan.

Move-in ready condition.

Ample space for owner-users or investors.

Easy access to the 51, 10 minutes from the airport and downtown, great restaurants nearby, walking distance to Sprouts and UPS and other great restaurants.

There are two first level parking garage parking spaces, two story parking structure with covered parking on the top deck. Plenty of parking lot parking available

The building is located adjacent to the canal with immediate access to the walking / jogging path.

New Roof and New HVAC.

Investment highlights

Completely remodeled and month to month leased spaces. Ready for owner or investor.

Listing Contacts

PB
BR537748000
Platinum Realty Network
Listed by Platinum Realty Network

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$15,989.94
$1,332.50/mo

Valuation Metrics

0
DSCR
2.33%
Cap Rate
2.33%
ROI

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