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1490 S Price Road - Global Professional Building, Chandler, AZ

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DetailMap
1490 S Price Road - Global Professional Building

NWC Price Rd & Willis Rd
Chandler, AZ 85286-6607 - Chandler Submarket

(3.2 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:2008
Stories:3 Typical Floor:22,416 SF Building Size:67,248 SF
Smallest Space:209 SF Largest Space:272 SF Total Space Avail:711 SF Rent/SF/Yr:
Negotiable
Parking:Ratio of 4.6/1,000 SF Amenities:Courtyard


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
209 SF
Negotiable
Vacant
1-3 yrs
Office
 1st
272 SF
Negotiable
Vacant
1-3 yrs
Office
 1st
230 SF
Negotiable
Vacant
1-3 yrs
Office
 
11592647
11592638
11592652


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
209 SF
Negotiable
Vacant
1-3 yrs
Office
1st
272 SF
Negotiable
Vacant
1-3 yrs
Office
1st
230 SF
Negotiable
Vacant
1-3 yrs
Office
This multi-tenant buildling has 2-10 room courtyard office suites.

Sale Notes:
Accepting Offers
Seller Guidance
$13,000,000
Diligence20 days
Closing30 days
Deposit $500K

Investment Highlights
3-Story Class A Office Building Chandler is Consistently Ranked as One of The Fastest Growing Cities in the U.S New Retail and Hotel Uses Have Been Constructed on Nearby Parcels Excellent Stable Investment with Value Add Opportunity 5 to 10 Year Leveraged IRRs Reflect Approximately 18% to 24% Returns

Investment Overview
100 percent fee simple ownership in 1490 South Price Road in Chandler, AZ. The property consists of a three (3)-story Class A office building totaling approximately 67,248 rentable square feet and built in 2008. Situated on a 3.881 net acre site at the signalized intersection in the northwest corner of S. Price Rd. and W. Willis Rd., the property is conveniently located approximately one-half mile south of the Loop 202/101 interchange, two of the most traveled freeways in the Phoenix MSA. The building is within the highly desirable South Price Road Technology Corridor and roughly 17 miles from the Phoenix Sky Harbor International Airport. The property is currently 86% leased. Current in place rents are roughly 30% to 35% below peak levels; in addition, contract rents are roughly 10% below current market rent levels.

Property Listed By: Joshua Jacob - HTX Realty, Inc.; AZ RE #BR654120000 / 800-841-9682 or JACOB@HTXREALTY.COM



Global CRES
Christopher R Swanson
(480) 821-9639



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