2425 Stearman DrChandler, AZ 85286

  • Office buildings
  • 67,386 SF
For Lease
$33/SF/YR View listing

Property Details for 2425 Stearman Dr

Year built
2018
Construction
CONCRETE
Lot size
4.28 AC
Property size (Sq ft)
67,386 SF
Zone code
PAD
Property type
Office buildings
APN
303-31-244
APU
30331244

Description

This exceptional 12,588 square foot executive office suite is available for sublease in Chandler, Arizona. Located within The Stearman, a prestigious Class A office building constructed in 2018, this single-tenant space offers immediate occupancy. The building boasts a total of 67,386 square feet and is situated at 2425 S Stearman Dr, Ste 220, in the rapidly developing southeast valley. The property's convenient location provides easy access to Loop 202, ensuring seamless commutes for employees and clients. Its proximity to a variety of businesses and retail amenities further enhances its appeal. The suite itself is part of a larger building zoned PAD, within Maricopa County, and offers a modern and efficient workspace. This sublease presents a unique opportunity to secure high-quality office space in a thriving area, with the added benefit of existing infrastructure and a prime location. The building's Class A designation reflects its superior construction, amenities, and overall quality. This is an ideal space for businesses seeking a prominent and easily accessible location in Chandler's dynamic commercial landscape. The zip code is 85286.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,322,477
    6.5%
    $10,451,518
    7%
    $9,704,981
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,387,552
    Geo Method
    $10,387,552
  • Alternative Use

    Use
    Valuation
    Residential
    $12,959,882
    Hospitality
    $11,871,182
    Educational
    $9,876,684
    Medical
    $10,216,359
    Retail
    $15,363,731
2425 Stearman Dr, Chandler, Arizona

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.271
Longitude
-111.793
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$147,992
-
-
$2,549,312
-
$2,143,100
$13,307,278
$15,450,378

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