6530 N 16th Street, Phoenix, AZ, 85014

6530 N 16th Street Phoenix, AZ 85014

FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,750,000
Last Verified:
May 25, 2021

Highlights

  • Near E Maryland Avenue and N 16th St with easy access to the 51 Freeway
  • 35 Spaces; 28 Covered & 8 Covered
  • Gated Entryway & Perimeter Security Gate
  • Surrounded by New Developments on N 16th St
  • Two Options: Purchase as Owner-User, OR as a NNN Sale-Leaseback w/ 7.5% CAP
  • Property can be fully occupied by one business, or divided into multiple suites allowing for rental income

Description

Two exceptional opportunities to purchase a 8,744 SF professional office in the Piestewa Peak Corridor; available for purchase as an owner-user, OR as a NNN sale leaseback with a 7.5% CAP rate.

Purchase as an owner-user provides an excellent opportunity to own a well-maintained, spacious commercial office which can be fully occupied by one tenant, or divided into multiple units to generate rental income.

A NNN sale-leaseback will provide a new owner with a 7.5% cap rate, through a sale-leaseback to the current tenant MGSK, a financial services company of 30 years, is ready to sign a new NNN lease $10,930 per month ($15/sf) for 3 years.

This property is located in a highly desirable area near 16th St., and Maryland Ave., in a fast growing market just north of the Biltmore area, Phoenix’s main finance district, and several new developments. Property is within one mile of the SR 51, which provides convenient access to the I-10 and Downtown Phoenix, as well as the Loop 101 Fwy.


Year Built: 1982
Building Size: 8588sq ft
Building Class: B
Lot Size: 0.51 acres

Map of 6530 N 16th Street, Phoenix, AZ, 85014

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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