For Sale
$23,421,000

1860 95Th Ln Phoenix, AZ 85037

Class A Office Building, Multi-Tenant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional Class A, multi-tenant office building, the West 101 Corporate Center, presents a compelling investment opportunity. Located in Phoenix, Arizona, at 1860 N 95th Ln, 85037, this three-story building boasts 81,040 square feet of desirable office space. Built in 2008, the property sits on a 5.29-acre lot and features a striking design with excellent curb appeal and high freeway visibility. The building offers convenient access via stairs and elevators, along with a beautiful lobby. Ample parking is provided, with a 5 spaces per 1,000 square feet ratio, including covered parking and monument signage. The property's C-2 zoning ensures flexibility for various uses. Situated in the West Valley trade area, it benefits from a prime location, less than half a mile from the I-10 and Loop 101 interchange, providing easy access to major transportation arteries. Furthermore, its proximity to the Westgate Entertainment District, State Farm Stadium, and Gila River Arena adds significant value. The building currently generates a strong net operating income (NOI) of $1,522,400, resulting in an attractive 6.50% capitalization rate. The asking price for this fully-leased investment property is $23,421,000.

Highlights

  • Fully-leased Class A multi-tenant office building in Phoenix, AZ.
  • 81,040 square feet on a 5.29-acre lot, built in 2008.
  • 5.0 spaces per 1,000 square feet parking ratio, including covered parking and monument signage.
  • High freeway visibility and frontage, ideally located 0.5 miles from the I-10 and Loop 101 interchange.
  • $23,421,000 asking price with a 6.50% capitalization rate and $1,522,400 NOI.

Property Details for 1860 95Th Ln

Property type
Office properties
Square Feet
81,040 SF
Class
A
Year Built
2008
Stories
3
Lot Size (sq. ft)
230,432 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.4677053
Longitude
-112.267555

FAQs

What type of property is this?
Office property - Class A Office Building, Multi-Tenant, High NOI
Where is the office property located?
The property is located at 1860 95Th Ln Phoenix, AZ.
What is the asking price?
The asking price for this property is $23,421,000.
What are key features of this property?
This property features: Fully-leased Class A multi-tenant office building in Phoenix, AZ.; 81,040 square feet on a 5.29-acre lot, built in 2008.; 5.0 spaces per 1,000 square feet parking ratio, including covered parking and monument signage.
How can I contact the broker?
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1860 95Th Ln
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