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1830 W Colter St 9,052 SF 100% Leased Office Building Phoenix, AZ 85015 $1,360,000 ($150.24/SF) 6.60% Cap Rate
Executive Summary
Value-Add retail/office Asset with Strong Upside Potential
• 9,056 SF rentable
• Additional value add opportunity includes 1800 SF with HVAC ducting, plumbing and Drywalls already in place, allowing new owner to complete the build-out potentially increase the rentable square footage and income
• Each unit has its own full bathroom except one unit with a half bath room only, offering convenience and flexibility for a wide range of service-based tenants or office
• 90% occupancy with below-market rents, immediate value-add opportunity
• Offered below replacement cost
• Opportunity Zone: Tax benefits
• Strategic Phoenix Location
• about 1 mile to highway access
• Under 15 minutes to Phoenix Sky Harbor International Airport
• Within 25 minutes to TSMC & semiconductor corridor
• Ideal for investors seeking stable income and value-added opportunity
• 9,056 SF rentable
• Additional value add opportunity includes 1800 SF with HVAC ducting, plumbing and Drywalls already in place, allowing new owner to complete the build-out potentially increase the rentable square footage and income
• Each unit has its own full bathroom except one unit with a half bath room only, offering convenience and flexibility for a wide range of service-based tenants or office
• 90% occupancy with below-market rents, immediate value-add opportunity
• Offered below replacement cost
• Opportunity Zone: Tax benefits
• Strategic Phoenix Location
• about 1 mile to highway access
• Under 15 minutes to Phoenix Sky Harbor International Airport
• Within 25 minutes to TSMC & semiconductor corridor
• Ideal for investors seeking stable income and value-added opportunity
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,052 SF
Building Class
C
Year Built
1988
Price
$1,360,000
Price Per SF
$150.24
Cap Rate
6.60%
NOI
$89,760
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,526 SF
Slab To Slab
10’
Building FAR
1.04
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
C-O - It is in an opportunity zone for tax benefits.
Parking
22 Spaces (3.39 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $13,738 | Total Assessment | $77,472 |
Property Taxes
Parcel Numbers
Land Assessment
$13,738
Improvements Assessment
$0
Total Assessment
$77,472
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Presented by
Dr. Win Realty
1830 W Colter St
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