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Modern Office 16448 N 40th St 3,142 SF Office Building Phoenix, AZ 85032 $1,000,000 ($318.27/SF) 6.50% Cap Rate
Investment Highlights
- High Traffic Area
- Upgraded Property
- 4 restrooms
- Corner Lot
- Modern Finishes
- Lots of Parking
Executive Summary
Beautiful North Phoenix Office Building for Sale! This office space features an amazing floor plan, easy access, corner lot, upgrades galore. This property features modern interior and finishes. 9 good size private offices, open work space areas, full kitchen, conference room, 4 restrooms, LED litchfing throughout. There is also a master suite office with full restroom that includes a shower and a private balcony. This property is beautiful.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,142 SF
Building Class
B
Year Built
2001
Price
$1,000,000
Price Per SF
$318.27
Cap Rate
6.50%
NOI
$65,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,571 SF
Slab To Slab
10’
Building FAR
0.26
Lot Size
0.28 AC
Zoning
C-T, R-O - C-T, R-O
Parking
12 Spaces (3.82 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Kitchen
- Central Heating
- Natural Light
- Shower Facilities
- Air Conditioning
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Empower Behavioral Health
- Health Care and Social Assistance
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Empower Behavioral Health | Health Care and Social Assistance | - | - | Jan 0000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 214-33-003A | Total Assessment | $81,239 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
214-33-003A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$81,239
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Modern Office | 16448 N 40th St
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