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1838 W Parkside Ln
Phoenix, AZ 85027
19th Ave Corner Offices · Office Property For Sale
Executive Summary
Fully leased, freestanding, multi-tenant office building
100% occupied by six (6) quality tenants
Modified Gross leases where tenants pay utilities and janitorial
Monument signage for tenants
Prominent Deer Valley location, a sought-after submarket, with
numerous corporate & retail businesses nearby
Minutes from Phoenix Deer Valley Airport, I-17 & Loop 101
Parking Ratio: 3.20/1,000 SF (91 total spaces) with covered parking
Cross-Streets: Parkside Lane and 19th Avenue
Ownership: Fee Simple
In-place income with value add upside potential
100% occupied by six (6) quality tenants
Modified Gross leases where tenants pay utilities and janitorial
Monument signage for tenants
Prominent Deer Valley location, a sought-after submarket, with
numerous corporate & retail businesses nearby
Minutes from Phoenix Deer Valley Airport, I-17 & Loop 101
Parking Ratio: 3.20/1,000 SF (91 total spaces) with covered parking
Cross-Streets: Parkside Lane and 19th Avenue
Ownership: Fee Simple
In-place income with value add upside potential
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
28,479 SF
Building Class
B
Year Built
2006
Price
$5,500,000
Price Per SF
$193.12
Cap Rate
6.50%
NOI
$357,500
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,239 SF
Slab To Slab
12’
Building FAR
0.44
Lot Size
1.50 AC
Opportunity Zone
Yes
Zoning
IND PK, Phoenix - Office Park
Parking
77 Spaces (3.8 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 209-02-107 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $596,566 |
Property Taxes
Parcel Number
209-02-107
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$596,566
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