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4620 N 16th Street - Highland Park Executive - Highland Park Executive, Phoenix, AZ

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4620 N 16th Street - Highland Park Executive - Highland Park Executive

Phoenix, AZ 85016-5121 - Camelback Corridor Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1980
Stories:2 Typical Floor:20,173 SF Building Size:41,468 SF
% Leased:
For Sale Price:$5,000,000 Price/SF:$120.57
Cap Rate:-
Smallest Space:498 SF Largest Space:3,633 SF Total Space Avail:17,864 SF Rent/SF/Yr:
$14.50
Parking:168 Surface spaces are available; 44 Covered spaces @ $35.00/mo; Ratio of 3.54/1,000 SF Amenities:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
3,633 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 1st
2,299 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 1st
1,204 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 1st
829 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
974 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
745 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
1,431 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
1,694 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
498 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
776 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
1,654 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 2nd
2,127 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
 
10862543
10862545
7620096
3957304
10862547
8585645
8701977
10182591
10862548
8955006
10182589
9950109
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
3,633 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
1st
2,299 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
1st
1,204 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
1st
829 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
974 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
745 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
1,431 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
1,694 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
498 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
776 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
1,654 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
2nd
2,127 SF
$14.50/SF/Yr
Vacant
Negotiable
Office
There is monument signage available with this property. It has Squaw Peak Parkway Access and is in close proximity to I-51, Camelback Corridor and numerous restaurants.

Sale Notes:
The property is ideally suited for an owner/user or redevelopment opportunity. Approximately 41,468 square feet of rentable building area offers 25,000 square feet of vacant space for a potential user by 10/1/2016. Tenant buyouts could free up more space.

Conversely, in preparation for potential redevelopment of the ±2.75 acre site, the vast majority of existing leases have demolition termination clauses which offer the flexibility to redevelop without the added hurdle of renegotiating existing leases.
Highland Park is a garden style multi-tenant office property located south of the southwest corner of 16th Street and Camelback Road. This location is known as the prestigious Camelback Corridor/Biltmore Area and adjacent to the Uptown/North Central area. The project enjoys immediate access to the entire metropolitan Phoenix freeway system from the Piestewa Peak Parkway (SR-51) freeway, which lies directly east of the project.

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

Michael Coover
(602) 224-4473


Newmark Grubb Knight Frank
Michael Crystal
(602) 952-3878

Emily Currie
(602) 952-3800



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