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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
For Sale Price:$6,000,000 Price/SF:$144.69
Cap Rate:-
Parking:168 Surface spaces are available; 44 Covered spaces @ $35.00/mo; Ratio of 3.54/1,000 SF Amenities:Signage

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

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