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7103-7107 N Black Canyon Hwy

7103-7107 N Black Canyon Hwy, Phoenix, AZ 85021

  • For Sale $3,600,000
  • City Phoenix
  • Neighborhood Alhambra
  • Zip Code 85021
  • Market Phoenix
  • Property Type Office - General Office
  • Property Size 38,510 Sqft
  • Lot Size 2.62 Acre
  • Building Class B
  • Year Built 1987
  • Year Renovated 2018
  • Date Updated 15 Apr, 2021
The subject property is located directly on the Black Canyon Hwy frontage road north of the northeast corner of the I-17 and Glendale Ave. There are over 500,000 people located within a 5-mile radius. This particular infill location is ideally situated off a major interstate that has over 220,000 vehicles per day. In addition to the north-central location, the property is in close proximity to Grand Canyon University, which has an undergrad enrollment of nearly 55,000 students. In addition to the educational institutions in the area, the Abrazo Hospital Central Campus is located one major arterial street to the south. Another dynamic feature of this property is that it lies within a designated "Opportunity Zone." This provides significant advantages for developers and value add investors looking to greatly improve the existing real estate.
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Location

Contacts

Jonathan Levy

SVN | Desert Commercial Advisors

(480) 425-5538

Highlights

  • Two Building Office Portfolio for Sale
  • 7103 N Black Canyon Hwy Can Be Purchased Separately - Asking $91 PSF
  • Asking Under $95.00 PSF for Both Buildings
  • Both Buildings are Concrete Masonry Construction
  • I-17 Freeway Exposure with Over 220,000 VPD
  • North Building is Fully Occupied and South Building is Vacant
  • South Building has T-Mobile Cell Tower Income of $13,996.80
  • Nearly $740,000 in Cap-Ex completed since 2016
  • Property is Located within an OPPORTUNITY ZONE
  • Total Parking Ratio of 5.43:1,000 SF for Both Properties
  • Parking Ratio of 4.71:1,000 SF for Vacant South Building
  • Grand Canyon University is within 3 Miles of the Subject Property

FREQUENTLY ASKED QUESTIONS

What is the lease rate for 7103-7107 N Black Canyon Hwy?

Rental asking rate at 7103-7107 N Black Canyon Hwy is Subject To Offer per square foot.

What is the total square footage of 7103-7107 N Black Canyon Hwy?

7103-7107 N Black Canyon Hwy totals 38,510 square feet.

When was this property built?

7103-7107 N Black Canyon Hwy was built in 1987.

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Contact Listing Broker

Jonathan Levy

SVN | Desert Commercial Advisors

(480) 425-5538

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