Green Gables
$3,750,000
2345 E Thomas Rd, Phoenix, AZ 85016
For Sale
Office
Building
Active
Last Updated: 01/18/2023
6.23
Cap Rate
85.44
Occupancy
Details:
Cap Rate: 6.23%
Occupancy: 85.44%
Lot Area: 1.61 acres
Building Size: 46,524 sqft
Year Built: 1985
Class: B
NOI: $233,535
Highlights:
- Value Add Opportunity (85.44% Occupied)
- Less than 1 mile from SR-51 Highway and 4 miles from Sky Harbor International Airport
- Hard Corner (SWC 24th Street & Thomas Road)
- Near Phoenix Children's Hospital and Banner University Medical Center
- Very Busy Intersection (40,000+/- VPD)
- Seller will consider financing for a qualified buyer for 10 years at 5% interest (Contact listing agents for possible terms and conditions of such carry-back financing)
Description:
Green Gables is a 46,524 SF class B office building located in Central Phoenix. This property is the location of the historic Green Gables Restaurant, and the original building still exists as a single story office in front of the two 4-story mid rises. Green Gables was built by Opus Southwest in 1985 of Masonry construction and includes 2 elevators. The original restaurant was built in 1950 by Bob Gosnell (See page 4). The building's interior has recently been renovated including new slate flooring, and new carpet. This building has become a part of Phoenix history and is a landmark property here.
Location
Gallery
