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Arizona Business Park - 16402 North 28th Avenue

Off-Market

16402 North 28th Avenue, Phoenix, AZ 85053

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  • Property Type Office - General Office
  • Property Size 49,920 Sqft
  • Lot Size 4.35 Acre
  • Parking Spaces Avail. 309
  • Parking Ratio 6.20/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1981

Location

  • City Phoenix, AZ
  • Neighborhood Deer Valley Village
  • Zip Code 85053
  • Market Phoenix

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 21 Dec, 2018
  • Purchase Price $8,300,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Phoenix

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Phoenix Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.67
  • 2020 Office Vacancy Rate 20.66%
  • 2020 Office Completions (Sqft) 475,417

Phoenix Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $128.17
  • Y-o-Y Avg. PpSF Change -19.37%
  • 2020 Office Sales Volume $209.1M
  • 2020 Number of Transactions 28
View more Phoenix market trends

Tax

  • Property Tax in 2020 $107,208
  • Market Value $5,546,800
  • Assessed Value $5,546,800

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Arizona Business Park - 16402 North 28th Avenue?

Arizona Business Park - 16402 North 28th Avenue totals 49,920 square feet.

When was this property built?

Arizona Business Park - 16402 North 28th Avenue was built in 1981.

When was Arizona Business Park - 16402 North 28th Avenue last sold?

Arizona Business Park - 16402 North 28th Avenue was last sold on 21 Dec, 2018.

What was the last purchase price for Arizona Business Park - 16402 North 28th Avenue?

Arizona Business Park - 16402 North 28th Avenue was last sold for $8,300,000.

What is the property tax for Arizona Business Park - 16402 North 28th Avenue?

The property tax for Arizona Business Park - 16402 North 28th Avenue in 2020 was $107,208.

What is the market value for Arizona Business Park - 16402 North 28th Avenue?

The market value for Arizona Business Park - 16402 North 28th Avenue in 2020 was $5,546,800.

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