1142 W Indian School Rd - Office FOR SALE


Phoenix, AZ 85013- Midtown Phoenix
$3,200,000 USD
602-525-9966
1142 W Indian School Rd, Phoenix, AZ for Sale
$3,200,000 USD
Office - FOR SALE
1/26
null | 4.4% Cap Rate

NEW


1142 W Indian School Rd
Phoenix, AZ 85013
Midtown Phoenix


HIGHLIGHTS

  • 20,000 traffic count-1.7 miles from major I-17 freeway-less than 1 mile from Metro Trains-17 minutes from Sky Harbor

OVERVIEW

After a decade of successfully operating this multiuse studio for music, podcasts, TV, video production, and events, the owner is considering retirement. Long-term contracts through 2026 with strong clients are in place and expected to more than double the current NOI. With no promotion or advertising, there’s significant untapped potential. The property and all equipment are owned outright, and current staff are available to stay or help with the transition. Projected NOI for 2025 is $135,000+, which at 4.4 times value equals $600,000, plus $330,000 in FF&E, along with a $2,270,000 bank appraisal on the real estate. The building can also be purchased separately from the business for $2,270,000, and short-term owner financing is available. Area rents support $135,000 NNN NOI which will equate to a 5.9 % Cap Rate at full price. This facility has its own transformer and 1200 ampSES with 3 sub-panels which would easily supply electric for a data center, surgical center, dental medical offices, commercial catering, animal hospital, urgent care, printing shop or light manufacturing. ALL REASONABLE OFFERS CONSIDERED!

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$508 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C-2

APN/PARCEL ID

155-40-129E

ASK ABOUT THIS PROPERTY

William GrundemannHomeSmart Elite GroupMore Info
602-525-9966

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

William GrundemannHomeSmart Elite GroupMore Info
602-525-9966

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.