2051 Northern AvePhoenix, AZ 85021

Property Details for 2051 Northern Ave

Year built

1999

Construction

STEEL FRAME

Lot size

1.66 AC

Property size (Sq ft)

30,782 SF

Zone code

C-O

Property type

Office properties

Property subtype

Office buildings

APN

157-20-001

APU

15720001

Description

This exceptional Phoenix, Arizona executive office building, the Northern Business Center, presents a compelling investment opportunity. Boasting 30,205 square feet, this Class B property is situated on a prominent hard corner at a signalized intersection on Northern Avenue, offering excellent visibility and accessibility. Built in 2000, the building features timeless modern architecture and benefits from a low cost of occupancy due to an assumable loan with a low interest rate extending to November 2027 and existing tenant income. The property includes ample parking, providing 4.2 spaces per 1,000 square feet, with a total of 110 stalls, 80 of which are covered. Convenient freeway access is just two blocks away from I-17. Monument signage on Northern Avenue provides excellent tenant identity. The asking price is $4,250,000, translating to $140.71 per square foot. This property offers a unique blend of strong location, attractive financing, and existing income stream, making it an ideal acquisition for owner-users or investors seeking a stable, high-visibility asset in a thriving Phoenix market.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5524

Longitude

-112.104

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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