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Owner/User or Investor Opportunity

$23/sqft/yr

3930 E. Ray Rd., Phoenix, AZ 85044

Active
Last Updated: 04/08/2025

3.22

Cap Rate

157,553.6

NOI

Details:
Cap Rate:    3.22%
NOI:    $157,553.60
Building Size:    41,084 sqft
Lot Area:    2.85 acres
Occupancy:    97%
Class:    B
Units:    11
Year Built:    1998
Floors:    2
Highlights:
  • Historically High Occupancy Building
  • Value Add Potential | Below Market Rents
  • Extremely Well Managed/Maintained
  • Desirable Tenant Mix | Ranging Lease Expirations
  • Sufficient Parking Ratio
  • Highly Desirable Ahwatukee Location
  • Close Proximity to Retail Amenities
  • Close Proximity to I-10 and New Loop 202 Freeways
Description:

Located in the heart of Ahwatukee, the subject property consists of high end office space for lease. Suite 160 consists of 4 private offices, conference room, break room, and ensuite restroom. Suite 210 is located on the second level off the elevator and features a high end general office buildout with multiple private offices, larger conference room, and a break room. In addition. the building consists of high-end common areas including a lobby/atrium entrance and common area restrooms. Ownership recently provided some capital upgrades to the common areas and restrooms. Additionally, there is an abundance of covered and surface-level parking available.

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.

Map:
1 Space Available

3930 E. Ray Road | Suite 210, 210, 2 Building

Available:
Immediately
Sublease:
No
SQFT
3,317
Lease Type:
Gross
Documents:
Title
SVN Lease Flyer
View
Foothills_Center_Sale_Flyer.pdf
View
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Location
Gallery