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Ryan Office Complex 2450 S Arizona Ave

12,517 SF 100% Leased Office Building Chandler, AZ 85286 $3,595,000 ($287/SF) 5.56% Cap Rate

Investment Highlights

  • Property has quality construction with low maintence
  • Income producing property already 100% leased
  • Located 1 mile south of 202 San Tan Fwy. Half mile corner lot on Arizona Ave and Ryan Rd
  • Six suites, can be divided, with each unit having a restroom and a separate entrance

Executive Summary

EXCELLENT CONDITION LEASE RATES LOW HAS A GREAT UP SIDE FOR VALUE IMPROVEMENT. 100% leased currently. Six suites currently and can be divided, with each unit having a restroom and a separate entrance.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
12,517 SF
Building Class
B
Year Built/Renovated
2007/2019
Price
$3,595,000
Price Per SF
$287
Cap Rate
5.56%
NOI
$200,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,517 SF
Building FAR
0.20
Land Acres
1.42 AC
Zoning
PAD - PAD
Parking
67 Spaces (5.35 Spaces per 1,000 SF Leased)

Amenities

  • Signage

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
10,292
111,497
264,454
2024 Population
11,630
114,846
269,333
Population Growth '20-'24
13.0%
3.0%
1.8%
2020 Households
3,615
40,385
98,769
2024 Households
4,012
41,489
100,316
Household Growth '20-'24
11.0%
2.7%
1.6%
Average Age
35
37
39
Median Household Income
$97,889
$101,813
$96,991
Daytime Employees
2,055
40,293
98,878
Total Businesses
263
4,836
10,686
College Degree + Higher
50%
45%
43%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
303-36-636
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$273,009 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
  • Listing ID: 30139546

  • Date on Market: 11/21/2023

  • Last Updated:

  • Address: 2450 S Arizona Ave, Chandler, AZ 85286

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