13430 Black Canyon HwyPhoenix, AZ 85029

Property Details for 13430 Black Canyon Hwy

Year built

1981

Construction

STEEL FRAME

Lot size

13.39 AC

Property size (Sq ft)

139,920 SF

Zone code

IND.PK.

Property type

Office properties

Property subtype

Office buildings

APN

149-23-011

APU

14923011

Description

The Black Canyon Office Center, a Class A property totaling 138,940 square feet, offers exceptional executive office space in Phoenix, Arizona. Built in 1981 and extensively renovated in 2006, this two-story building sits on 13.39 acres and boasts 712 parking spaces. Currently, there are multiple suites available, with a minimum divisible space of 5,640 square feet and a maximum contiguous space of 25,804 square feet; a total of 53,974 square feet is currently vacant. The building features robust 6000-amp, 3-phase power and elevators for convenient access. Under new ownership, the property is undergoing a significant renovation plan, including the installation of a prominent 36-foot dual-sided monument sign with high visibility from I-17, enhancing the property's presence and appeal. This presents a unique opportunity for businesses seeking modern, well-located office space in a thriving area. The flexible space options cater to a variety of business needs, from smaller executive suites to larger corporate offices. The extensive parking and convenient amenities make this an ideal location for employees and clients alike. This is a prime opportunity to secure office space in a building undergoing substantial improvements and poised for continued growth.

• CAP approach

  CAP return

  Valuation

  6%

  $22,847,508

  6.5%

  $21,090,008

  7%

  $19,583,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,568,668

  Geo Method

  $21,568,668

• Alternative Use

  Use

  Valuation

  Residential

  $26,151,610

  Hospitality

  $23,954,734

  Educational

  $19,930,058

  Medical

  $20,615,482

  Retail

  $31,002,312

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6053

Longitude

-112.119

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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