Valley Commerce Center
Lender-Owned Multi-Tenant Office | 216,273 SqFt Phoenix, AZ
Marketing description
Located at 4745 & 4747 North 7th Street, Valley Commerce Center offers tenants a highly sought-after Camelback Corridor address, a vibrant mixed-use area featuring upscale boutiques, luxury hotels, and a strong collection of restaurants, bars, and retail. The Property's timeless architecture and recent common-area capital improvements allow an investor to focus capital on tenant improvements.
Valley Commerce Center is currently 51% occupied, providing predictable cash flow with upside through lease-up of the vacant suites. Beyond its prime location, the Property is well-positioned to meet current tenant demand at rents below Class A properties in the Corridor. The average office lease in Phoenix in 2025 was 5,000 SF, while the average vacancy at Valley Commerce Center is 4,200 SF, aligning well with today's smaller tenant requirements. As Class-A rents in the Corridor approach $50/SF, Valley Commerce Center's rents at $26.50/SF offer a compelling value for tenants seeking economical space while still benefiting from a premier Camelback Corridor address.
Investment highlights
- Ideal suite sizes match tenant demand - The average vacancy at VCC is 4,200 SF while the average size lease in Phoenix in 2025 was 5,000 SF.
- Central courtyard - Relaxing courtyard with abundant landscaping and shaded seating areas offer a nice park-like setting for tenants to enjoy in the central courtyard.
- Cost effective option in premier submarket - Located within the Camelback Corridor, VCC should be able to capture tenants looking for rent relief from the more expensive Class A buildings in the area.
- Additional revenue - Additional revenue could be generated with the installation of additional parking canopies.
- Abundant nearby amenities - The 7th Street corridor north of Camelback Road offers users an abundant amount of dining and retail options.
- Curb appeal - Recent capital improvements include remodeled monument signs, resurfaced parking lots and new shade sails.
- Adjacent Starbucks - A freestanding Starbucks building is adjacent to the south end of the parking lot of the property.
- Onsite amenities - Existing tenant lounge with large training room, shared conference room and fitness facility have been well received by existing tenants and potential tenants while touring the asset.
- Timeless architecture - Enduring design of the buildings allows investors to focus their capital on the interior of the property, specifically spec suites and TI offerings for tenants.
- Easy access - Easy building access from the surface parking lot on all sides of the property allow tenants and visitors to quickly gain access to their space vs traveling in and through larger parking structures.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
