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.