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501 E Thomas Road - Executive Offices, Phoenix, AZ

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DetailMap
501 E Thomas Road - Executive Offices

Phoenix, AZ 85012-3246 - Midtown Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1974
Stories:2 Typical Floor:8,312 SF Building Size:11,587 SF
% Leased:
For Sale Price:$1,210,000 Price/SF:$104.43
Cap Rate:-
Smallest Space:942 SF Largest Space:11,587 SF Total Space Avail:11,587 SF Rent/SF/Yr:
Negotiable
Parking:Free Surface spaces are available; 20 Covered spaces are available; Ratio of 3.53/1,000 SF Amenities:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 BSMT
942 SF
Negotiable
30 Days
Negotiable
Office
 1st
8,312 SF
Negotiable
30 Days
Negotiable
Office
 2nd
2,333 SF
Negotiable
30 Days
Negotiable
Office
 
10593654
10065958
10065959
Floor Plan
  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
BSMT
942 SF
Negotiable
30 Days
Negotiable
Office
1st
8,312 SF
Negotiable
30 Days
Negotiable
Office
2nd
2,333 SF
Negotiable
30 Days
Negotiable
Office
Basement space is 942 SF

Sale Notes:
Property Description: Does your landlord deposit 50% of your rent payment into your retirement account? If not, maybe you should be your own landlord. 501 E. Thomas Road is an opportunity to acquire at a price substantially below replacement cost, a +/- 11,575 square foot freestanding office building on approximately 27,185 square feet of land. The current layout of the property includes private offices, conference rooms, reception, break room, storage, etc. for a professional law firm. Prior uses include a major accounting firm and offices for a commercial real estate investment and property management company. On the outside, the property has great curb appeal and visibility on Thomas Road. There is a large monument sign on Thomas. Your clients will not have any trouble finding your location. In the back there is a gated courtyard with a fountain and good on-site parking with 50% of it covered. With today’s low interest rates (recent quotes of 4% to 6%) you can pay rent to yourself, minimize your occupancy cost, have a fixed monthly payment for as much as 15 to 25 years, an potentially have the building paid off in 10 to 15 years. Does your landlord offer that?

Location Description: 501 E. Thomas is a highly desirable corner lot located on the southeast corner of 5th Street and Thomas Road in Phoenix, Arizona. The location is surrounded by name brand retail conveniences and restaurants, world class medical facilities, a light rail transit station within walking distance, a large base of stable employees, and it is only a driver and wedge away from the prestigious Phoenix Country Club. Short distances away are freeway interchanges at Thomas Road and the SR-51 and 7th Street and the I-10. From this location you can reach most of metropolitan Phoenix within 30 minutes.


Highlights
·Law firm building for sale
·Priced substantially below replacement cost
·Great Central Phoenix location
·+/- 11,575 SF Building
·Highly visible sign
·Easy Freeway Access

Colliers International
John Barnes
(602) 222-5042


Colliers International
John Barnes
(602) 222-5042



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