Parkside 19 | Investment Sale | 100% Leased-Multi-Tenant Office Building

1838 W Parkside Lane Phoenix, AZ 85027

Phoenix
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$5,150,000
Last Verified:
Oct 24, 2024

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Highlights

  • Fully leased, freestanding, multi-tenant office building
  • 100% occupied by six (6) quality tenants
  • Primarily NNN leases where tenants pay utilities and janitorial
  • Monument signage for tenants
  • Prominent Deer Valley location, a sought-after submarket, with
  • numerous corporate & retail businesses nearby
  • Minutes from Phoenix Deer Valley Airport, I-17 & Loop 101
  • Parking Ratio: 3.20/1,000 SF (91 total spaces) with covered parking
  • Cross-Streets: Parkside Lane and 19th Avenue
  • Ownership: Fee Simple
  • In-place income with value add upside potential

Description

Parkside 19 is a two-story, multi-tenant office building consisting of +/- 27,878 rentable SF (+/- 28,479 total building SF) located in the sought-after Deer Valley submarket, surrounded by corporate neighbors and retail amenities. Built in 2006, Parkside 19 is 100
percent leased to six (6) tenants: Answers Aerospace, Ament Professional Services, Trailhead Health & Rehab
LLC, Independent Home LLC, Addiction Treatment Service and Michaels Wilder.

Phoenix

Building Size: 28479sq ft
Building Class: B
Lot Size: 0 acres


Documents

Offering Memorandum - 1838 W Parkside Ln (1).pdf
1838 W Parkside Lane Brochure

Map of 1838 W Parkside Lane, Phoenix, AZ, 85027

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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.