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3001 W Indian School Road - Indian School Plaza, Phoenix, AZ

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3001 W Indian School Road - Indian School Plaza

Phoenix, AZ 85017-4168 - Northwest Phoenix Submarket

(413.9 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1972
Stories:3 Typical Floor:65,090 SF Building Size:65,090 SF
For Sale Price:$1,995,000 Price/SF:$30.65
Cap Rate:11.50 %
Parking:Ratio of 5.9/1,000 SF Amenities:Banking

Constructed in 1972, the improvements consist of a attractive four-story, steel frame and block, elevatored (2), multi-tenant office building with approximately 57,445 square feet of net rentable area. There is parking for approximately 383 vehicles (5.9 per 1,000 square feet) according to a recorded condominium plat. Building has T-1 lines and fiber optics lines through out. Secured fenced parking and security service provided.

Sale Notes:
Excellent Upside for investor or owner/user
92% leased
Actual Cap Rate: 11.5%
Priced below replacement value
Opportunity to convert to office condominiums
Unique open air atrium design
Immediately adjacent to I-17 Highway & less than one mile to US-60/Grand Avenue
One mile South of Grand Canyon University
Traffic count: over 52,000 vehicles per day
Population over 508,000 within 5 mile radius (2015)

ORION Investment Real Estate
Nick L Miner
(480) 612-0384

JT Taylor
(480) 634-6934

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