Stabilized Investment Opportunity

3930 E. Ray Rd. Phoenix, AZ 85044

3930 E. Ray Rd., Phoenix, AZ, 85044
3930 E. Ray Rd., Phoenix, AZ, 85044
FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$5,500,000
Last Verified:
Jun 03, 2020

Highlights


Description

This offering consists of a highly desirable 41,084 SF multi-tenant Class B office building. The property presents a tremendous investor opportunity. Foothills Center comfortably parks at a 4:1,000 SF parking ratio and offers desirable monument signage visible from Ray Rd, one of the main thoroughfares through the community. The property is in very good condition with no deferred maintenance and has been extremely well managed and maintained under the current ownership.

The subject property consists of office space for lease within the Foothills Center in the heart of the Ahwatukee community. The units are built out and ready for immediate occupancy. The building consists of high end common areas including a lobby/atrium entrance and common area restrooms.

Foothills Center is strategically located in the heart of Ahwatukee off of Ray Rd and the I-10 Fwy. Ahwatukee is a high end community abutted to South Mountain Park just west of the I-10 Freeway. The community is a highly attractive employment center that offers easy access to the urban freeway system including the I-10 and Loop 202 Freeways, Sky Harbor International Airport, and a large labor pool that is highly educated and skilled in a variety of occupations. The high end building is surrounded by an upscale residential neighborhood, convenient shopping centers, and an abundance of fabulous restaurants making it very appealing for local businesses to office out of.


Year Built: 1998
Building Size: 41084.0sq ft
Building Class: B
Lot Size: 2.85 acres

Units for Lease

3930 E. Ray Road | Suite 130
Space Available: 2316 SF
Lease Type: Full Service

Price Per Sqft/Year: $19.0
3930 E. Ray Road | Suite 200
Space Available: 11930 SF
Lease Type: Full Service

Price Per Sqft/Year: $19.0
3930 E. Ray Road | Suite 270
Space Available: 1401 SF
Lease Type: Full Service

Price Per Sqft/Year: $19.0

Map of 3930 E. Ray Rd., Phoenix, AZ, 85044

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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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