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Grand Canal on Indian School 2204-2206 W Indian School Rd 1,811 SF Office Building Phoenix, AZ 85015 $699,999 ($386.53/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility frontage on Indian School Rd with strong traffic counts
- Ample on-site parking
- Dense surrounding population with strong demographics
- Excellent signage opportunities
- Easy access to I-17, I-10, and SR-51
- Close proximity to Grand Canyon University, Banner Health, and Downtown Phoenix
EXECUTIVE SUMMARY
Sale Leaseback Opportunity at 7% Cap Rate! Renovated in 2025 with new flooring, paint, interior and exterior, new roof on east building, new A/C and ducting/insulation on both buildings, automated gate on West entrance. East automated gate to be installed. New wrought iron perimeter fencing, approximately 12,650 SF additional parking or storage.
Excellent owner-user or investment opportunity along one of Phoenix’s busiest commercial corridors. This well-located property offers outstanding visibility, high daily traffic counts, and convenient access to major freeways and surrounding amenities.
Excellent owner-user or investment opportunity along one of Phoenix’s busiest commercial corridors. This well-located property offers outstanding visibility, high daily traffic counts, and convenient access to major freeways and surrounding amenities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,811 SF
Building Class
C
Year Built
1956
Price
$699,999
Price Per SF
$386.53
Cap Rate
7%
NOI
$49,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,811 SF
Building FAR
0.10
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
R-5 - Residential
AMENITIES
- 24 Hour Access
- Shower Facilities
1 1
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 154-29-036B | Improvements Assessment | $0 |
| Land Assessment | $3,763 | Total Assessment | $3,763 |
PROPERTY TAXES
Parcel Number
154-29-036B
Land Assessment
$3,763
Improvements Assessment
$0
Total Assessment
$3,763
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Grand Canal on Indian School | 2204-2206 W Indian School Rd
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