Black Canyon Center | 10835 N 25th Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Black Canyon Center 10835 N 25th Ave
96,783 SF 22% Leased 4-Star Office Building Phoenix, AZ 85029 For Sale
INVESTMENT HIGHLIGHTS
- 22% leased with a clear path to significant upside by having the lowest basis in the trade area and implementing a spec suite program to stabilize.
- Flexible floor plates averaging ±32,200 SF with ideal bay depths to efficiently accommodate small-, medium-, and large-sized tenants.
- Over ±291,000 SF have been leased by tenants with an average size of ±2,175 SF in 130+ transactions within a 3-mile radius from Black Canyon Center
- There are no available spec suites in the building's competitive set to capture tenant demand—specifically from tenants 6,000 SF or smaller.
- Buildings 50,000 SF with floor plates that only mostly accommodate small tenants boast a healthy a ±7.5% vacancy rate YTD within a 3-mile radius.
- Located within an opportunity zone.
EXECUTIVE SUMMARY
• Three-story, high-quality office building totaling ±96,783 SF
• 22% leased with a clear path to significant upside by having the lowest basis in the trade area and implementing a spec suite program to stabilize.
• There are no available spec suites in the building's competitive set to capture tenant demand—specifically from tenants 6,000 SF or smaller.
• Flexible floor plates averaging ±32,200 SF with ideal bay depths to efficiently accommodate small-, medium-, and large-sized tenants.
• Buildings 50,000 SF with floor plates that only mostly accommodate small tenants boast a healthy a ±7.5% vacancy rate YTD within a 3-mile radius.
• Over ±291,000 SF have been leased by tenants with an average size of ±2,175 SF in 130+ transactions within a 3-mile radius from Black Canyon Center since January 2024.
• Large tenant (20,000+ SF) demand is returning to the metro Phoenix market, with a ±20% Year-Over-Year increase in transaction activity in 2024.
• Located within an opportunity zone.
• Transit-oriented location within the Black Canyon Corridor, which is known for its immediate Interstate-17 (I-17) access and deep labor pool access.
• The Metro Light Rail’s Northwest Extension Phase II, which was completed January 2024, is located less than one (1) mile from the property.
• ±2.3 million SF of retail amenities within a three (3) mile radius, which include a wide variety of restaurants and fast-food chains, as well as several shopping options.
• One (1) mile from Metrocenter Mall’s $850 million redevelopment site, which will include over 1,000 for-rent and for-purchase townhomes, retail spaces, restaurants, parks, bike paths and more.
• UNPRICED
• 22% leased with a clear path to significant upside by having the lowest basis in the trade area and implementing a spec suite program to stabilize.
• There are no available spec suites in the building's competitive set to capture tenant demand—specifically from tenants 6,000 SF or smaller.
• Flexible floor plates averaging ±32,200 SF with ideal bay depths to efficiently accommodate small-, medium-, and large-sized tenants.
• Buildings 50,000 SF with floor plates that only mostly accommodate small tenants boast a healthy a ±7.5% vacancy rate YTD within a 3-mile radius.
• Over ±291,000 SF have been leased by tenants with an average size of ±2,175 SF in 130+ transactions within a 3-mile radius from Black Canyon Center since January 2024.
• Large tenant (20,000+ SF) demand is returning to the metro Phoenix market, with a ±20% Year-Over-Year increase in transaction activity in 2024.
• Located within an opportunity zone.
• Transit-oriented location within the Black Canyon Corridor, which is known for its immediate Interstate-17 (I-17) access and deep labor pool access.
• The Metro Light Rail’s Northwest Extension Phase II, which was completed January 2024, is located less than one (1) mile from the property.
• ±2.3 million SF of retail amenities within a three (3) mile radius, which include a wide variety of restaurants and fast-food chains, as well as several shopping options.
• One (1) mile from Metrocenter Mall’s $850 million redevelopment site, which will include over 1,000 for-rent and for-purchase townhomes, retail spaces, restaurants, parks, bike paths and more.
• UNPRICED
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
96,783 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2003
NOI
$55,294
Percent Leased
22%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
32,261 SF
Building FAR
0.33
Lot Size
6.73 AC
Opportunity Zone
Yes
Zoning
A-1 - Light Industrial, A-1
Parking
560 Spaces (5.79 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Day Care
- Fitness Center
- Central Heating
- Wi-Fi
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Available 3/1/2024 or sooner.
- 1st Fl-Ste 125
- 5,096 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 140
- 3,505 SF
- Office
- Full Build-Out
- Jul 2025
- 1st Fl-Ste 150
- 2,926 SF
- Office
- Full Build-Out
- Now
Available 3/1/2024 or sooner
- 2nd Fl-Ste 240
- 5,375 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 250
- 2,513 SF
- Office
- Full Build-Out
- Now
Plug and play office with FF&E.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 14,367 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 125 | 5,096 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 140 | 3,505 SF | Office | Full Build-Out | Jul 2025 |
| 1st Fl-Ste 150 | 2,926 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 24,840 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 240 | 5,375 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 2,513 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 17,675 SF | Office | Full Build-Out | Apr 2025 |
1st Fl-Ste 100
| Size |
| 14,367 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 125
| Size |
| 5,096 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 140
| Size |
| 3,505 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jul 2025 |
1st Fl-Ste 150
| Size |
| 2,926 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 24,840 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 5,375 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 2,513 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 17,675 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Apr 2025 |
1st Fl-Ste 100
| Size | 14,367 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Available 3/1/2024 or sooner.
2nd Fl-Ste 200
| Size | 24,840 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Available 3/1/2024 or sooner
3rd Fl-Ste 300
| Size | 17,675 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Apr 2025 |
Plug and play office with FF&E.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $16,737 | Total Assessment | $1,789,429 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,737
Improvements Assessment
$0
Total Assessment
$1,789,429
CONTACTS
-
Eric Wichterman -
Michael Coover -
Stephanie Adams -
Diana Hernandez -
Cushman & Wakefield
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Black Canyon Center | 10835 N 25th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.