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15601 N 28th Ave 39,950 SF Office Building Phoenix, AZ 85053 $12,500,000 ($312.89/SF)
Investment Highlights
- Existing Building with Excess Land, Highway Exposure and Commerce Park (General Commerce Park Option) Zoning
- General Plan Calls for Industrial Land Use, Zoning Provides for High Lot Coverage
- Close Proximity to Deer Valley Industrial Submarket, TSMC, and has easy access to I-17
Executive Summary
The opportunity for sale consists of a 40,066 SF building situated on 3.85 AC (General Commerce Park) parcel. The property has excellent freeway access and visibility. The coverage ratio is currently roughly 16.24% with a General Commerce Park option providing for up to 50% lot coverage (buyer to verify). The improvements are configured for medical office, however may be retro-fitted towards office, research & development, and potentially climate controlled advanced manufacturing. Low lot coverage, commerce park zoning, and excess land presents an opportunity for redevelopers and end users.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
39,950 SF
Building Class
B
Year Built
1996
Price
$12,500,000
Price Per SF
$312.89
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,975 SF
Building FAR
0.24
Lot Size
3.86 AC
Zoning
I-P - Industrial
Parking
328 Spaces (7.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste Shell Space
- 1,784 SF
- Office
- Shell Space
- Now
- 2nd Fl-Ste PT
- 13,558 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Shell Space | 1,784 SF | Office | Shell Space | Now |
| 2nd Fl-Ste PT | 13,558 SF | Office | Full Build-Out | Now |
1st Fl-Ste Shell Space
| Size |
| 1,784 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste PT
| Size |
| 13,558 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
Property Taxes
| Parcel Number | 207-42-257 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $827,375 (2025) |
Property Taxes
Parcel Number
207-42-257
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$827,375 (2025)
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15601 N 28th Ave
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