Owner User or Sale Leaseback Opportunity
2942 N. 24th st
Phoenix, AZ 85016
Highlights
- Owner User or Sale Leaseback Offering
- Seven (7) Year Term | NNN Lease Structure
- Three Percent (3%) Annual Increases
- Well Established Executive Office/Virtual Office Operator
- In Operation Since 2006
- Immediate Access to Loop 202, I-10, & 51 Fwys
- Minutes to Biltmore, Arcadia, and Central Phoenix
- Abundance of Retail Amenities in Immediate Area
Description
SVN is pleased to present to the market this owner user or sale leaseback opportunity in Phoenix, AZ. The building is currently occupied by Plaza Executive Suites, an experienced operator of executive offices suites throughout the Phoenix MSA including virtual offices and meeting space. Plaza Executives has been in operation since 2006 and currently has five locations in north Scottsdale, Mesa, north Phoenix, and Old Town Scottsdale in addition to this location in the Biltmore area. Plaza Executive Suites is willing to enter into a seven (7) year leaseback upon close of escrow under an absolute triple net lease with three percent annual increases. Alternatively, if an owner user would prefer to occupy a portion or the entirety of the property, Plaza Executive Suites can vacate as needed.
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.
