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818 E Osborn Road, Phoenix, AZ

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818 E Osborn Road

Phoenix, AZ 85014-5217 - Midtown/Central Phoenix Submarket

(336.9 KB)

Property Type:Office Sub Type:- Status:Existing , Renov October 1998 Year Built:1974
Stories:2 Typical Floor:5,858 SF Building Size:11,717 SF
For Sale Price:$1,150,000 Price/SF:$98.15
Cap Rate:-
Parking:10 Surface spaces are available; 32 Covered spaces @ $25.00/mo; Ratio of 3.8/1,000 SF Amenities:Courtyard

Located in close proximity to the Squaw Peak Corridor, Papago Freeway, & I-10 with convenient access to downtown banks, hotels, entertainment, restaurants & retail shops.

Sale Notes:
818 Osborn consists of approximately 11,717 square-feet of office space in two floors. Nearly all of the space can be made available for an owner/user. The upper floor is elevator served and it has multiple stairwells that provide additional access. Two of the upper floor spaces have open ceiling tenant improvements. Showing the exposed rafters and vaulted ceilings is highly appealing and extremely rare for buildings of this vintage. The building was built in 1974 using durable masonry block construction. The property consists of .72 acres of prime land. Parking is available via surface and covered spaces at a ratio of ±3.6 spaces per 1,000 square feet. The land parcel carries a zoning classification of C-O.

818 E. Osborn Rd. is a two-story office building located along Osborn Road just east of 7th Street in Phoenix' s rapidly transforming Midtown submarket. This location is benefiting from the powerful urban revival with new residential, restaurants, coffee houses and bars transforming the area towards a more 24-hour live-work-play environment. Indications of this trend are apparent at the nearest intersection of Osborn & 7th Street where three (3) new re-gentrified retail projects lie (within walking distance). Four (4) new restaurants occupy these projects including Starbucks, Gadzook' s and Taco Guild.

Cushman & Wakefield
Michael Coover
(602) 224-4473

Eric J Wichterman
(602) 224-4471

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