Owner/User or Investor Opportunity

3930 E. Ray Rd., Phoenix, AZ

$20/sqft/yr

Price

3.22%

Cap Rate

$157,553.60

NOI

Overview
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
Description

The subject property consists of office/medical space for lease within the Foothills Center in the heart of Ahwatukee. Some of the recent space to come online consists of second generation high end office/medical build outs. There is availability on both first and second levels. 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.

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
1 Space Available

3930 E. Ray Road | Suite 180, 180, 1Building

Available:
Immediately
Sublease:
No
SQFT
2,634
Lease Rate:
$20/sqft/yr
Lease Type:
Gross

Medical Office Build Out.

Documents

Location
Gallery