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2002 - 2030 E Osborn Road - BBVA Compass, Phoenix, AZ

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2002 - 2030 E Osborn Road - BBVA Compass

Phoenix, AZ 85016-7236 - Midtown/Central Phoenix Submarket

(404.0 KB)

Property Type:Office Sub Type:- Status:Existing , Renov 2001 Year Built:1983
Stories:1 Typical Floor:24,038 SF Building Size:24,038 SF
For Sale Price:$2,950,000 Price/SF:$122.72
Cap Rate:-
Parking:Ratio of 4/1,000 SF

Total rentable building area at 24,038 square feet based on a 2015 remeasurement as follows:
2002 E Osbord Rd building measures 17,534 RSF, 2030 E Osborn Rd building measures 3,148 RSF, basement (storage) measures 3,403 RSF

2002 - 2030 E. Osborn Road is a ± 24,038 square foot, fee simple, freestanding, single tenant, garden office property consisting of two buildings located in Phoenix, Arizona. Built in 1983 and substantially remodeled in 1997. The property is constructed of split face block with a general office layout and has a 3,402 SF fully-improved basement. The property sits on three parcels of land consisting of approximately 1.98 acres and carries a zoning classification of C-1, R-O and P-1.

The property is located at the North East Corner of the lighted intersection of
20th Street and Osborn Road in the busy submarket of Mid-Town Phoenix. Mid-town
Phoenix is a core office submarket located at the center of Maricopa County and
the city of Phoenix proper. The property is located only .5 miles north of the Phoenix
Children’s Hospital Campus, The Arizona Heart Hospital, and the SR-51 freeway.
Other location notes include a 2-3 mile proximity to the 24th and Camelback
financial corridor, The Arizona Biltmore, The Ritz-Carlton, Downtown Phoenix City Courts and Government Offices. The property is also located within 5 miles of Phoenix Sky Harbor Airport, loop 202 Freeway, I-10 Freeway, SR-143 Highway, Good Samaritan Hospital Campus.

Sale Notes:
Outstanding long term land value potential for an owner/user buyer
Durable masonry split faced block construction
Approximately ½ miles to Piestewa Peak Parkway (SR-51)
Located at the center of the Urban Renewal in-fill movement
Includes 3,402 SF of basement / storage
2002 & 2030 East Osborn is a high-quality, two building office complex located in Phoenix, Arizona. The property was built in two (2) phases beginning with the 2002 building in 1983. The 2030 building was built in 2000. The site totals ±1.98 acres of land. The property can accommodate single or multi-tenant configurations. The 2002 building is 17,534 SF and the 2030 building is 3,148 SF with a 3,402 SF basement (storage).
The property sits on the southeast corner of 20th Street and Osborn Road, between Downtown/Midtown and Camelback Corridor. East Central Phoenix' s appeal stems from its close proximity to Downtown Phoenix and the Camelback/Biltmore area (and their amenities), as well as, Sky Harbor International Airport and SR-51 freeway. A high concentration of affluent residential surrounds this location in three directions. The upscale neighborhoods of Phoenix Country Club, Encanto, Biltmore and North Central surround the trade area. East Central Phoenix is an important alternative to the costly Downtown and Camelback Corridor office submarkets. Rents in East Central Phoenix average $15.60/SF full service gross while rents in Downtown and Camelback average 58% to 73% higher respectively

Cushman & Wakefield
Eric J Wichterman
(602) 224-4471 x271

Michael Coover
(602) 224-4473

Shannon M Kling
(602) 224-4476

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