2445 W Dunlap Ave - Schools FOR SALE


Phoenix, AZ 85021- Metrocenter
$16,000,000 USD
602-531-5538
2445 W Dunlap Ave, Phoenix, AZ for Sale
$16,000,000 USD
Schools - FOR SALE
1/7
null | Request Cap Rate

2445 W Dunlap Ave
Phoenix, AZ 85021
Metrocenter


HIGHLIGHTS

  • Stable cash flow with upside from long-term tenants and rents 18.5% below market.
  • Flexible exit paths with a ±6.5-acre site ideal for future redevelopment in an Opportunity Zone.
  • Strong tenant fit supported by dense population and central West Phoenix location.
  • Excellent access with I-17 and an adjacent light rail station connecting 2.7M+ residents.
  • Efficient campus design with easy circulation, signalized access, and abundant parking.
  • Future redevelopment potential enabled by T5:5 Walkable Urban Code zoning and incentives.

OVERVIEW

Colliers, as exclusive advisor, is pleased to present the opportunity to acquire The West at 2445 W Dunlap Avenue (the “Property”), a ±80,925 square foot, ±6.5-acre campus that is 99% occupied by three educators. Brookline College, a nursing and allied health services school, anchors The West and occupies 73% of the campus. The Property is also home to prominent locations for the Arizona State School for the Deaf and Blind as well as Soar Education. Centrally located in an Opportunity Zone and adjacent to Interstate 17, a major freeway corridor, and a short walk from a Valley Metro light rail station, the site provides convenient access to more than 2.7 million residents within a 30-minute drive. This Property offers investors a significant opportunity to enjoy stabilized, reliable income from institutional-quality educators with complementary tenancy; along with future upside through below market rents and transit oriented development opportunities.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The West

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

509

LAND DETAILS

LAND ACRES

6.49 AC

LAND SF

282,704 SF

ZONING

Walkable Urban Code, T5:5

APN/PARCEL ID

158-01-008D,158-01-008E,158-02-015

ASK ABOUT THIS PROPERTY

Mindy KorthColliersMore Info
602-531-5538

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Mindy KorthColliersMore Info
602-531-5538

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