For Sale
$4,250,000

2051 Northern AvePhoenix, AZ 85021

Phoenix, AZ Executive Office Building

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Phoenix, Arizona executive office building, the Northern Business Center, presents a compelling investment opportunity. Boasting 30,205 square feet, this Class B property is situated on a prominent hard corner at a signalized intersection on Northern Avenue, offering excellent visibility and accessibility. Built in 2000, the building features timeless modern architecture and benefits from a low cost of occupancy due to an assumable loan with a low interest rate extending to November 2027 and existing tenant income. The property includes ample parking, providing 4.2 spaces per 1,000 square feet, with a total of 110 stalls, 80 of which are covered. Convenient freeway access is just two blocks away from I-17. Monument signage on Northern Avenue provides excellent tenant identity. The asking price is $4,250,000, translating to $140.71 per square foot. This property offers a unique blend of strong location, attractive financing, and existing income stream, making it an ideal acquisition for owner-users or investors seeking a stable, high-visibility asset in a thriving Phoenix market.

Highlights

  • Class B, 30,205 SF executive office building in Phoenix, AZ.
  • Prominent hard-corner location at a signalized intersection on Northern Avenue with excellent visibility and freeway access.
  • Built in 2000, featuring modern architecture and ample parking (110 stalls, 80 covered; 4.2 spaces per 1,000 SF).
  • Monument signage on Northern Avenue.
  • Assumable loan with a low interest rate extending to November 2027, plus existing tenant income, resulting in low cost of occupancy.
  • Asking price: $4,250,000 ($140.71/SF).

Property Details for 2051 Northern Ave

Property type
Office properties
Square Feet
30,205 SF
Class
B

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.553073053871
Longitude
-112.10343789673
2051 Northern Ave, Phoenix, Arizona

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2051 Northern Ave
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