8825 N 23rd Ave
Phoenix, AZ 85021
Auction:12/11 - 12/13: Phoenix Office · Office Property For Sale

Property tours are available by appointment ONLY. Please contact Adam Tolson to schedule at atolson@leearizona.com or 602-954-3771. Investment Highlights: ñ 14,643 SF freestanding office building in Phoenix, AZ ñ 50% occupied with in place income from long term tenant Excellent value-add opportunity with immediate upside through leasing up the vacant ñ 7,378 RSF High-end build outs with clean functional layouts Recent parking lot stripe and seal in addition to other improvements Located within two miles of over 1 million SF of retail amenities (Metro Center) Easy access to Loop I-17 freeway plus excellent visibility and access on 23rd Avenue Investment Overview: 8825 N 23rd Avenue (the Property) is a single-story, 2-suite office building located in Phoenix, Arizona. Built in 1985, the Property is a ñ 14,643 SF freestanding office building comprised of 2 units with high-end build outs situated on ñ 1.04 acres of land. The Property is currently 49.66% occupied with one long term tenant. The vacant unit is ideally situated for a single tenant or owner/user. Traffic drivers in the area include Metrocenter, a super-regional shopping mall with over 1 million SF of retail amenitie Traffic drivers in the area include Metrocenter, a super-regional shopping mall with over 1 million SF of retail amenities. This location offers excellent visibility on North 23rd Avenue with prominent building signage available. The 2017 population within a 3 mile radius around the Property is approximately 174,975 with an average household income of $57,973. The Property is in the North Phoenix submarket and approximately 10 miles due north of downtown. The Property is one-quarter mile from Black Canyon Freeway (I-17), which offers direct access to downtown Phoenix. Phoenix is the anchor of the Phoenix metropolitan area and is the 12th largest by population in the United States, with approximately 4.3 million people as of 2010.