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Biltmore Office Plaza 2942 N 24th St 18,919 SF 100% Leased Office Building Phoenix, AZ 85016 $3,216,000 ($169.99/SF) 7.94% Cap Rate
Investment Highlights
- Sale Leaseback Offering
- Three Percent (3%) Annual Increases
- Immediate Access to Loop 202, I-10, & 51 Fwys
- Seven (7) Year Term | NNN Lease Structure
- Well Established Executive Office/Virtual Office Operator | In Operation Since 2006
- Seller Can Alternatively Accommodate an Owner User
Executive Summary
Biltmore Office Plaza is well located in the Midtown submarket just north of Thomas Rd. fronting on the west side of 24th St. between Thomas Rd. and Osborn Rd. The property benefits from immediate access to major arteries and public transit, including proximity to the Loop 202, I-10 and 51 Freeways, making commuter trips efficient for both employees and clients. The surrounding area offers a dense mix of professional services, dining, and retail amenities that support the neighborhood’s pro-business orientation enhancing ongoing residential growth and a steady stream of tenants seeking functional, well-located office space. The property is centrally located relative to the broader Phoenix market with convenient access to the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport and the Tempe area.
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Air Conditioning
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Affordable Plumbing Rooter & Water Heaters
- Construction
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- Professional, Scientific, and Technical Services
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Alert Security Asset Protection’s mission is to be the Provider of Choice and the Employer of Choice by focusing on client and employee needs such as; cost effective security solutions, quality service and personnel, personalized solutions, higher than average industry wage, and quick management response. Alert Security Asset Protection is a Security Company that specializes in security solutions for every size enterprise. They deploy all of their resources closest to their clients where they do the most good. Their supervisors will be trained to handle almost all situations. Their support staff will be visible and involved with each site. They understand that we are a service-oriented business and that security and service go hand in hand. In their company people really do make the difference.
- Beyond Transport
- Transportation and Warehousing
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- Clear Skys Counseling
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- Digital Media LLC
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- Garage Door Solved
- Retailer
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- Law Office DM Godley
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- Majestic Consulting Group, LLC
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- Services
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Phoenix Glow is a personalized spray tanning studio that offers a fully customizable spray tan catered to your preferences & skin type, performed by a Master Certified Spray Tan Technician, & with solutions that are: • Organic DHA (Eco-Cert Certified) • 100% Vegan (Approved by the PETA foundation) • Made from only naturally derived ingredients • Paraben free, erythrulose free and fragrance-free
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- Real Estate
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Plaza Executive Suites in Phoenix, Arizona offers the perfect business identity solution with all the amenities of an exclusive office environment including meeting rooms, conference rooms and training rooms. Discover why so many find their facility to be the premier mid-town source of cost effective business services whether utilizing their board room or business mailbox or telephone answering services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Affordable Plumbing Rooter & Water Heaters | Construction | - | - | - | ||
|
|
Professional, Scientific, and Technical Services | - | - | - | ||
| Beyond Transport | Transportation and Warehousing | - | - | - | ||
| Clear Skys Counseling | - | - | - | - | ||
| Digital Media LLC | - | - | - | - | ||
| Garage Door Solved | Retailer | - | - | - | ||
| Law Office DM Godley | - | - | - | - | ||
| Majestic Consulting Group, LLC | - | - | - | - | ||
|
|
Services | - | - | - | ||
|
|
Real Estate | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 108B
- 417 SF
- Office
- Full Build-Out
- Now
Fully furnished executive suite. Phone & Internet included.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 108B | 417 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste BL17 | 200 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste BL18 | 130 SF | Office | Spec Suite | Now |
| 2nd Fl-Ste BL23 | 110 SF | Office | Spec Suite | Now |
1st Fl-Ste 108B
| Size |
| 417 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste BL17
| Size |
| 200 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste BL18
| Size |
| 130 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste BL23
| Size |
| 110 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste BL17
| Size | 200 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2nd Fl-Ste BL18
| Size | 130 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
2nd Fl-Ste BL23
| Size | 110 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Fully furnished executive suite. Phone & Internet included.
Property Taxes
| Parcel Number | 119-17-031 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $162,578 |
Property Taxes
Presented by
Biltmore Office Plaza | 2942 N 24th St
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