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2445 W Dunlap Ave - The West 80,925 SF Specialty Building Offered at $16,000,000 in Phoenix, AZ 85021
Investment Highlights
- Stable cash flow with upside from long-term tenants and rents 18.5% below market.
- Strong tenant fit supported by dense population and central West Phoenix location.
- Efficient campus design with easy circulation, signalized access, and abundant parking.
- Flexible exit paths with a ±6.5-acre site ideal for future redevelopment in an Opportunity Zone.
- Excellent access with I-17 and an adjacent light rail station connecting 2.7M+ residents.
- Future redevelopment potential enabled by T5:5 Walkable Urban Code zoning and incentives.
Executive Summary
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire The West at 2445 W Dunlap Avenue (the “Property”), a ±80,925 square foot, ±6.5-acre campus that is 99% occupied by three educators. Brookline College, a nursing and allied health services school, anchors The West and occupies 73% of the campus.
The Property is also home to prominent locations for the Arizona State School for the Deaf and Blind as well as Soar Education.
Centrally located in an Opportunity Zone and adjacent to Interstate 17, a major freeway corridor, and a short walk from a Valley Metro light rail station, the site provides convenient access to more than 2.7 million residents within a 30-minute drive.
This Property offers investors a significant opportunity to enjoy stabilized, reliable income from institutional-quality educators with complementary tenancy; along with future upside through below market rents and transit oriented development opportunities.
The Property is also home to prominent locations for the Arizona State School for the Deaf and Blind as well as Soar Education.
Centrally located in an Opportunity Zone and adjacent to Interstate 17, a major freeway corridor, and a short walk from a Valley Metro light rail station, the site provides convenient access to more than 2.7 million residents within a 30-minute drive.
This Property offers investors a significant opportunity to enjoy stabilized, reliable income from institutional-quality educators with complementary tenancy; along with future upside through below market rents and transit oriented development opportunities.
Property Facts
| Price | $16,000,000 | Lot Size | 6.49 AC |
| Price Per SF | $197.71 | Building Size | 80,925 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1996/2023 |
| Property Subtype | School | Parking Ratio | 6.29/1,000 SF |
| Building Class | A | Opportunity Zone |
Yes
|
| Zoning | Walkable Urban Code, T5:5 - The Walkable Urban Code (WU Code) of Phoenix includes this medium-high-intensity mixed-use fabric that allows for a mix | ||
| Price | $16,000,000 |
| Price Per SF | $197.71 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | A |
| Lot Size | 6.49 AC |
| Building Size | 80,925 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2023 |
| Parking Ratio | 6.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Walkable Urban Code, T5:5 - The Walkable Urban Code (WU Code) of Phoenix includes this medium-high-intensity mixed-use fabric that allows for a mix |
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Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,269,672 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,269,672
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2445 W Dunlap Ave - The West
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