19810 7Th AvePhoenix, AZ 85027

Property Details for 19810 7Th Ave

Year built

2000

Construction

CONCRETE

Lot size

3.87 AC

Property size (Sq ft)

45,189 SF

Zone code

IND.PK.

Property type

Office properties

Property subtype

Office buildings

APN

209-13-981

APU

20913981

Description

This exceptional investment opportunity presents a 45,189 square-foot, single-story office building in Phoenix, Arizona's desirable Deer Valley submarket. The property, built in 2001, sits on a 3.87-acre lot and boasts 230 parking spaces. Currently 100% occupied by two high-quality tenants, including a subsidiary of Blue Cross Blue Shield and L3 Communications (a tenant for approximately 21 years), this net-lease asset offers a compelling 7.35% cap rate and an asking price of $10,005,000. The building features modern office space with excellent freeway access and high visibility. Its location benefits from robust economic activity in the area, including significant recent investments and the proximity to a major new semiconductor manufacturing campus, promising continued growth and strong long-term value appreciation. The property's single-story design and size (between 30,000 and 50,000 square feet) align with current market trends showing lower vacancy rates compared to multi-story buildings in the Metro Phoenix area. The zoning is IND-PK. This is a rare opportunity to acquire a well-located, fully leased, and high-performing asset in a thriving market. The property's strong tenant base, coupled with its strategic location and favorable market conditions, makes it an ideal investment for those seeking stable income and long-term growth potential. The building's modern design and ample parking further enhance its appeal to tenants and investors alike. This is a truly exceptional opportunity to acquire a premier commercial property in one of Phoenix's most dynamic submarkets.

• CAP approach

  CAP return

  Valuation

  6%

  $8,542,398

  6.5%

  $7,885,290

  7%

  $7,322,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,965,884

  Geo Method

  $6,965,884

• Alternative Use

  Use

  Valuation

  Residential

  $9,777,760

  Hospitality

  $8,956,375

  Educational

  $7,451,599

  Medical

  $7,707,871

  Retail

  $11,591,376

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.666

Longitude

-112.084

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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