12515 W Bell Rd
Surprise, AZ 85378
Crossroads Plaza · Property For Lease

Crossroads Office Plaza, is a 15,863 square foot, single-story office building in the Northwest Valley of metropolitan Phoenix on busy West Bell Road. Built-in 1997 on approximately 1.6 acres along Bell Road, this very visible and easily accessible professional office building has four suites. Two suites are occupied by MMR Group, Inc. and Congresswoman Lesko's Office and two are available and ready for occupancy. The property is an excellent purchase for an owner-occupant. Annual cash flow is estimated to be positive for Year End 2020 with a 2.0% estimated cap rate, as is. Fully-leased at market rates are projected to yield a 9.55% cap rate. The larger available suite has 15 large offices, a very attractive reception, open office area, a large conference room, break room, IT room, and mail room. The smaller available office has 3 private offices, a large open office, and break room. Restrooms are shared. Ownership has plans for both general office, medical office and physical therapy uses.