For Sale
$42,796,000

1830 95Th Ave Phoenix, AZ 85037

Class B Office, 118,853 SF, 6.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents the West 101 Business Center, a 118,853-square-foot, single-story Class B office building in Phoenix, Arizona. Currently 100% leased, this multi-tenant property boasts a desirable 6.15% cap rate and offers significant long-term upside potential in rent growth, supported by a weighted average lease term of approximately 14.5 years. The property comprises three individual buildings situated on a 9.92-acre lot, with office suites ranging from 2,544 to 26,661 square feet. Built in 2006 with concrete tilt-up wall construction, it features ample parking (1,000 spaces, a 5/1000 ratio), monument signage, and convenient access to major transportation arteries. Its strategic location along State Route 101 and within a half-mile of Interstate 10, places it near the Westgate Entertainment District, State Farm Stadium, and Gila River Arena, benefiting from the substantial population of the West Valley (1.7 million people). The property is zoned C-2 and offers a compelling combination of strong occupancy, prime location, and growth potential in a thriving market. The asking price is $42,796,000, with a price per square foot of $360.08.

Highlights

  • Class B, 118,853 SF, single-story multi-tenant office building.
  • Ideally located 1⁄2 mile north of the I-10 and Loop 101 interchange.
  • Monument and building signage available.
  • 100% leased office suites with a 6.15% cap rate and ±14.5-year weighted average lease term (WALT).
  • Significant long-term rent growth potential.
  • Close proximity to Westgate Entertainment District, State Farm Stadium, and Gila River Arena.

Property Details for 1830 95Th Ave

Property type
Office properties
Square Feet
118,853 SF
Class
B
Year Built
2006
Stories
1
Lot Size (sq. ft)
432,115 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.4677066
Longitude
-112.2648971

FAQs

What type of property is this?
Office property - Class B Office, 118,853 SF, 6.15% Cap Rate
Where is the office property located?
The property is located at 1830 95Th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $42,796,000.
What are key features of this property?
This property features: Class B, 118,853 SF, single-story multi-tenant office building.; Ideally located 1⁄2 mile north of the I-10 and Loop 101 interchange.; Monument and building signage available.
How can I contact the broker?
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1830 95Th Ave
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