|Price/Rent PSF||$ 5,375,000.00|
|SQ. FT. Available||40,960|
The subject property is extremely well located at the SEC of McDowell Rd. and the 143 Expressway. McDowell Rd. and 44th St. exits off of the I-10 Fwy. creates for direct access to the property. This central valley location provides convenient drive times from all parts of the Valley and is particularly accessible from the following area amenities:
- Arizona State University
- Hayden Ferry Lakeside
- Mill Ave.
- Oldtown Scottsdale
- Arcadia/Biltmore Areas
- Downtown/Midtown Phoenix
- Sky Harbor International Airport
The subject property consists of a ±40,960 SF two story office building on ±4.02 AC lot in the heart of Metro Phoenix. While the building is currently occupied by Aztec Engineering Group, Inc. the building is most ideal for a future owner occupant upon current tenant vacating. The existing tenant currently pays an annual rent of $411,612 under a NNN lease with plans to vacate upon lease expiration in September 2020. Under certain circumstances, Tenant may consider structuring early termination to allow for an owner to get access to the building at an earlier date.
The property currently includes a total of 164 parking spaces (4.10/1,000 SF ratio). The western edge of the property consists of a ±40,205 SF area that could potentially allow for additional parking or some other required use if required. The property has undergone recent capital improvements which include extensive upgrades of the HVAC system.