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301 E Virginia Avenue - Virginia Financial, Phoenix, AZ

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DetailMap
301 E Virginia Avenue - Virginia Financial

Phoenix, AZ 85004-1215 - Midtown Submarket

(3.4 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:1980
Stories:4 Typical Floor:7,811 SF Building Size:31,246 SF
% Leased:
For Sale Price:$3,950,000 Price/SF:$126.42
Cap Rate:-
Smallest Space:1,269 SF Largest Space:1,699 SF Total Space Avail:2,968 SF Rent/SF/Yr:
$19.00 - $21.00


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 3rd
1,699 SF
$21.00/SF/Yr
Vacant
Negotiable
Office
 3rd
1,269 SF
$19.00/SF/Yr
Vacant
Negotiable
Office
 
10340325
10303348
Floor Plan
  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
3rd
1,699 SF
$21.00/SF/Yr
Vacant
Negotiable
Office
3rd
1,269 SF
$19.00/SF/Yr
Vacant
Negotiable
Office
> $2,300,000 ($73.61 per SF)
> 10.98% cap rate considering the actual in-place NOI
> 19.63% leveraged IRR using a 10-year holding period
> Approximately 31,246 SF
> Three long-term tenants
> Four-story building
> Southeast corner of 3rd Street & Virginia Avenue
> 5.38/1,000 SF parking, including underground garage and canopy spaces


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

Michael Coover
(602) 224-4473


Commercial Properties, Inc.
Eric Butler
(602) 809-6570



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