960 W Behrend Dr - Office FOR SALE


Phoenix, AZ 85027- Deer Valley
$10,495,000 USD
480-205-1921
960 W Behrend Dr, Phoenix, AZ for Sale
$10,495,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

960 W Behrend Dr
Phoenix, AZ 85027
Deer Valley


HIGHLIGHTS

  • PREMIER FULLY LEASED OFFICE ASSET IN DEER VALLEY
  • STABLE INCOME STREAM FROM A DIVERSE TENANT MIX
  • GROWING MARKET AND ROBUST DEMAND
  • TSMC SEMICONDUCTOR ANNOUNCEMENT FUELING ROBUST NORTH PHOENIX GROWTH

OVERVIEW

960 W. Behrend Drive stands out as a premier investment opportunity within the Deer Valley submarket, offering a fully leased 48,207 SF office building with a diverse and stable tenant base. This property, constructed in 2001, combines modern amenities with a strategic single-story design that meets the demands of today’s office users. The 100% occupancy rate underscores the property’s appeal and investment stability. Located in a market with limited office supply and strong economic growth drivers, 960 W. Behrend Drive is a trophy asset for investors seeking a reliable, income-generating property in a rapidly growing market. PREMIER FULLY LEASED OFFICE ASSET IN DEER VALLEY * The flex, lab, office building totaling 48,207 SF, is fully occupied, offering a secure income stream from a diverse tenant mix, including Super Star Car Wash Headquarters, Paradise Behavioral Health, LLC, and National Dentex. * Constructed in 2001, this Class B property provides modern amenities and a single-story layout with a favorable parking ratio of 5.20/1,000 SF, appealing to a broad range of tenants. The building’s 100% occupancy rate is bolstered by reliable tenants across multiple industries, ensuring stable cash flow and reducing investment risk. STABLE INCOME STREAM FROM A DIVERSE TENANT MIX * The Deer Valley submarket’s limited office construction creates a competitive environment, where fully leased properties like 960 W. Behrend Drive stand out as prime investment opportunities. The presence of key industry sectors such as Healthcare, Finance, and IT demonstrates a diverse and vigorous business ecosystem, offering fertile ground for commercial investments. * The presence of significant projects like TSMC’s $65 billion semiconductor plant is expected to spur continued economic growth in the area, enhancing demand for office spaces and boosting the value of well-positioned properties like 960 W. Behrend Drive. GROWING MARKET AND ROBUST DEMAND * Located near key transportation routes, including AZ Loop 101, and only five minutes from the Deer Valley Airport, the property offers excellent accessibility, making it a convenient and desirable location for tenants. Deer Valley is poised for continued growth, supported by both industrial and office developments. The ongoing demand for space in the area is driven by significant industrial projects, including TSMC’s semiconductor plant, which will likely increase the need for nearby office spaces. * Recent insights from market experts, including predictions from the Greater Phoenix Economic Council (GPEC), suggest that Arizona’s economy is expected to remain strong, particularly in sectors driving demand for commercial real estate. This positive outlook further enhances the attractiveness of investment opportunities in Deer Valley.

FOR SALE DETAILS

PRICE

$10,495,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg A

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

2.97 AC

LAND SF

129,373 SF

ZONING

CP-BP

APN/PARCEL ID

209-13-979A

ASK ABOUT THIS PROPERTY

Geoff TurbowCBREMore Info
480-205-1921

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Geoff TurbowCBREMore Info
480-205-1921

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