3100 Ray RdChandler, AZ 85226

Property Details for 3100 Ray Rd

Year built

2003

Construction

STEEL FRAME

Lot size

7.84 AC

Property size (Sq ft)

136,458 SF

Zone code

PAD

Property type

Office properties

Property subtype

Office buildings

APN

301-63-805

APU

30163805

Description

This Class A office building, located at 3100 West Ray Road, Suite 201, Chandler, AZ 85226, offers a diverse range of workspace solutions. The 12,706 square foot building boasts 350 suites, with 5,970 square feet currently vacant, divisible down to a minimum of 10 square feet and offering contiguous space up to 1,300 square feet. Ideal for businesses of all sizes, the property features a modern interior with granite and limestone flooring in the lobby, a convenient videoconferencing studio, and a drop-in business lounge. Amenities include an on-site sandwich bar and outdoor seating. The building underwent renovations in 2019 and includes elevators for convenient access to all floors. Situated in Maricopa County, this property provides easy access to Arizona State Route 101 and Phoenix Sky Harbor International Airport, making it an excellent location for businesses seeking a vibrant and accessible workspace. The building caters to various business needs, including executive office space, coworking opportunities, and creative office layouts. This prime Chandler location is perfect for businesses looking to thrive in a dynamic and entrepreneurial environment. The property's multiple tenancy structure offers flexibility for businesses of varying sizes and requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $21,233,782

  6.5%

  $19,600,414

  7%

  $18,200,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,035,000

  Geo Method

  $21,035,000

• Alternative Use

  Use

  Valuation

  Residential

  $24,304,514

  Hospitality

  $22,262,804

  Educational

  $18,522,392

  Medical

  $19,159,404

  Retail

  $28,812,608

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3215

Longitude

-111.896

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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