Contact Property

Beverly Corporate Center

Off-Market

8181 South 48th Street, Phoenix, AZ 85044

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 43,013 Sqft
  • Lot Size 5.01 Acre
  • Parking Spaces Avail. 258
  • Parking Ratio 6.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1998

Location

  • City Phoenix, AZ
  • Neighborhood South Mountain Highland Terrace
  • Zip Code 85044
  • Market Phoenix

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

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
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 16 Nov, 2018
  • Purchase Price $6,750,000
  • Arm's Length
  • Buyer Name

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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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 $80,919
  • Market Value $5,236,000
  • Assessed Value $5,236,000

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

Frequently Asked Questions

What is the total square footage of Beverly Corporate Center?

Beverly Corporate Center totals 43,013 square feet.

When was this property built?

Beverly Corporate Center was built in 1998.

When was Beverly Corporate Center last sold?

Beverly Corporate Center was last sold on 16 Nov, 2018.

What was the last purchase price for Beverly Corporate Center?

Beverly Corporate Center was last sold for $6,750,000.

What is the property tax for Beverly Corporate Center?

The property tax for Beverly Corporate Center in 2020 was $80,919.

What is the market value for Beverly Corporate Center?

The market value for Beverly Corporate Center in 2020 was $5,236,000.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.