55 E Thomas Rd - Office FOR SALE


Phoenix, AZ 85012- Encanto
$3,538,000 USD
602-625-4220
55 E Thomas Rd, Phoenix, AZ for Sale
$3,538,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

55 E Thomas Rd
Phoenix, AZ 85012
Encanto


HIGHLIGHTS

  • Owner-user or value-add investment with 12,325 sf available on floors 1 & 2
  • Currently 100% leased, but tenant will vacate 1st and/or 2nd floor to accommodate user buyer
  • 1.05-acre parcel with ample surface and covered parking
  • Professional curb appeal with efficient, adaptable floor plates
  • Oversized lot with robust parking, including 42 covered spaces

OVERVIEW

Positioned along the highly trafficked Thomas Road corridor in Midtown Phoenix, 55 E Thomas Road offers a rare owner-user or value-add investment opportunity with immediate in-place income and future flexibility. The 17,871 SF, three-story office building is currently 100% leased, with ±12,325 SF across the first and second floors available for an owner-user upon request—allowing buyers to offset occupancy costs with existing cash flow. Situated on a 1.05-acre site with ample parking, strong visibility, and convenient access to Central Avenue, light rail, and surrounding amenities, the property combines stable tenancy with long-term upside in one of Phoenix’s most established and supply-constrained submarkets.

FOR SALE DETAILS

PRICE

$3,538,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

111

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-1/P-1, Phoenix

APN/PARCEL ID

118-44-009A,118-44-030

ASK ABOUT THIS PROPERTY

Alexandra LoyeCushman & WakefieldMore Info
602-625-4220

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Alexandra LoyeCushman & WakefieldMore Info
602-625-4220

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