For Sale $12,650,000
Property Type Office - General Office
Property Size 110,274 SF
Building Class B
Date Updated Feb 5, 2024

Lee & Associates Arizona Commercial Real Estate Services Company (“Exclusive Broker”) is pleased to present the opportunity to purchase Airport Office Park (“AOP”), consisting of seven (7) multitenant office buildings, totaling ±110,274 square feet, situated on 8.78 acres of A-2 (Heavy Industrial) zoned land, located in the heart of Phoenix, Arizona (the “Property”). The project is 94% leased to twenty-nine (29) tenants on a modified gross lease basis. With staggered lease expirations, upside potential in rental rates upon lease expiration/renewal, major capital expenditures completed by ownership as well as strong submarket fundamentals, AOP offers an investor steady cash flow in place today, with upside potential in the near term.- 7 building office park +/- 108,852 SF - Adjacent to I-10 & Sky Harbor Airport

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Attachments

Airport Office Park.pdf (PDF) opens in new window

Contacts

Marcus Muirhead

Lee & Associates

(602) 474-9589

Location

Getting Around

Walk Score ®
33/100 Car-Dependent
Transit Score ®
34/100 Some Transit
Bike Score ®
41/100 Somewhat Bikeable

Map
Street

City Phoenix, AZ
Neighborhood South Mountain Highland Terrace
Zip Code 85034
Market Phoenix

Points of Interest

West Ground Transportation Center

0.78 miles
Rental Car Center

1.02 miles
Terminal 3

1.25 miles
Terminal 3

1.30 miles
24th St/ Jefferson

1.58 miles
24th St/ Washington

1.64 miles
Terminal 4

1.86 miles
12th St/ Jefferson

2.23 miles
38th St/ Washington

2.32 miles
12th St/ Washington

2.34 miles

Tesla Destination Charger

0.39 miles
QuikTrip

1.42 miles
Shell

1.46 miles
Petro Stop

1.49 miles
Chevron

1.67 miles
Shell

1.84 miles
Circle K

2.00 miles
Circle K

2.15 miles
Blink

2.15 miles
Circle K

2.23 miles

South Air Cargo Employee Parking

0.63 miles
Air Cargo Employee Parking

0.82 miles
City of Phoenix Employee Parking

0.85 miles
Facilities & Services Visitor Parking

0.86 miles
Terminal 2 Cell Phone/Waiting Lot

1.00 miles
West Economy Parking

1.02 miles
Visitor Parking (Car Rental)

1.05 miles
UPS Parking Lot

1.05 miles
Terminal 2 Garage

1.22 miles
Private Rooftop Parking

1.34 miles

Best Western Airport Inn

0.09 miles
Drury Inn & Suites Phoenix Airport

1.36 miles
Holiday Inn Express Suites

1.36 miles
Hilton Garden Inn Hotel Phoenix Airport

1.37 miles
Extended Stay America

1.42 miles
Motel 6 Phoenix Airport - 24th Street

1.44 miles
Sterling International Hotels

1.50 miles
Rodeway Inn

1.83 miles
Knights Inn Phoenix East

1.84 miles
Arizona Motel

1.84 miles

Christopher's

1.22 miles
The Roadie

1.23 miles
Shake Shack

1.24 miles
San Tan Brewery

1.24 miles
Mustache Pretzels

1.25 miles
Panera Bread

1.25 miles
El Matador Mexican restaurant

1.31 miles
Waffle House

1.32 miles
Sbarro

1.33 miles
Ajo Al's

1.43 miles

G S Skiff School

1.15 miles
University of Phoenix

1.21 miles
Children First Leadership Academy

1.30 miles
Martin Luther King Junior School

1.42 miles
Julian School

1.53 miles
Palmdale School

1.57 miles
Brooks Academy

1.58 miles
Stevenson School

1.62 miles
Herrera School

1.89 miles
Fortieth Street School

1.93 miles

Today’s Tomorrow Learning Center

2.92 miles
Tutor Time

3.47 miles
Little Rascals Learning Center

5.41 miles
Tutor Time

5.68 miles
Little Rascals Learning Center

5.73 miles
Mill Avenue Preschool

5.85 miles
Biltmore Bible Day Care Center

6.03 miles
Sunrise Preschool Tempe

6.44 miles
Robins Nest Child Care

7.57 miles
Valley Child Care & Learning Center

7.74 miles

Frequently Asked Questions

What is the lease rate for Airport Office Park?

Rental asking rate at Airport Office Park is $6,325,000.00/YR.

What is the total square footage of Airport Office Park?

Airport Office Park totals 110,274 square feet.

Looking for more in-depth information on this property?

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