For Sale
$5,150,000

1838 Parkside LnPhoenix, AZ 85027

Deer Valley Office, 28,479 SF, 6.95% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, 28,479 square foot executive office building in Phoenix, Arizona's desirable Deer Valley submarket, presents a compelling investment opportunity. Boasting a 6.95% cap rate and 100% occupancy, the property is fully leased to six high-quality tenants, including Answers Aerospace, Ament Professional Services, and others. Built in 2006, the building sits on a 1.5-acre lot and features 91 parking spaces, including covered options, with a parking ratio of 3.20 per 1,000 square feet. The property benefits from a prominent location near Phoenix Deer Valley Airport, I-17, and Loop 101, surrounded by corporate neighbors and retail amenities. The building offers monument signage for tenants and modified gross leases where tenants cover utilities and janitorial services. The property is zoned IND PK, Phoenix, and is offered fee simple. With a strong in-place income stream and potential for value-add opportunities, this is an ideal investment for discerning buyers. The asking price is $5,150,000, with a price per square foot of $180.84. The Net Operating Income (NOI) is $357,676.91. The property's address is 1838 W Parkside Ln, Phoenix, AZ 85027, with cross streets of Parkside Lane and 19th Avenue. The APN is 209-02-107.

Highlights

  • Fully leased, freestanding multi-tenant office building.
  • 100% occupancy with six high-quality tenants.
  • Modified gross leases; tenants responsible for utilities and janitorial services.
  • Monument signage available for tenants.
  • Excellent Deer Valley location in a highly desirable submarket with numerous corporate and retail neighbors.
  • Convenient access to Phoenix Deer Valley Airport, I-17, and Loop 101 freeways.

Property Details for 1838 Parkside Ln

Property type
Office properties
Square Feet
28,479 SF
Class
B
Year Built
2006
Stories
2
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.6952658
Longitude
-112.0995269
1838 Parkside Ln, Phoenix, Arizona

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1838 Parkside Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message