16215 N 28th Ave - Office FOR SALE


Phoenix, AZ 85053- Deer Valley
$7,880,000 USD
602-538-7155
16215 N 28th Ave, Phoenix, AZ for Sale
$7,880,000 USD
Office - FOR SALE
1/8
null | 7% Cap Rate

16215 N 28th Ave
Phoenix, AZ 85053
Deer Valley


HIGHLIGHTS

  • Absolute NNN Sale Leaseback – zero landlord responsibilities
  • Long Term 15 Year Primary Lease Term
  • 2% annual increases
  • Corporate Headquarters Location - the property serves as the bank’s corporate headquarters, reinforcing long-term commitment to the site
  • Strong operator
  • Intrego Bank ranked #1 in Phoenix area's fastest-growing banks by deposits

OVERVIEW

INVESTMENT HIGHLIGHTS • Absolute NNN Sale Leaseback – zero landlord responsibilities • Long Term 15 Year Primary Lease Term • 2% annual increases • Strong operator • Corporate Headquarters Location - the property serves as the bank’s corporate headquarters, reinforcing long-term commitment to the site TENANT HIGHLIGHTS • Intrego Bank ranked #1 in Phoenix area's fastest-growing banks by deposits • In Q4 2024, the bank saw deposits surge to more than twice the amount recorded in the Q4 2023 • In 2023, Integro Bank experienced significant growth in its SBA lending activity, achieving a 625% increase in loan volume compared to the previous year • Beyond business banking, Integro Bank offers a range of personal banking services, including checking and savings accounts, personal credit cards, and wealth management solutions • The bank is owned by a well-capitalized group of long-term shareholders, providing structural stability and reducing the risk of sudden liquidity pressures or depositor flight LOCATION HIGHLIGHTS • TSMC's $65 billion investment in North Phoenix is projected to generate up to 80,000 jobs over the next five years • Densely populated trade area with over 352,764 residents in a 5-mile radius • Located within the Arizona Business Park, this site is surrounded by prominent corporate neighbors including Farmers Insurance, NAU (Northern Arizona University), Paychex, Climatec, Arizona Research Center, Arizona Endocrinology Center, and TriWest Healthcare Alliance • Adjacent to the well-established Black Canyon Business Park, encompassing 185,000 square feet across 12 buildings with flexible office and industrial space • Direct access to the I-17 Hwy with high traffic counts of 177,232 VPD

FOR SALE DETAILS

PRICE

$7,880,000 USD

PRICE/SF

$672 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Year Absolute NNN Integro Bank

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

I-P

APN/PARCEL ID

207-42-261

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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