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Biltmore Office Plaza 2942 N 24th St 18,919 SF 88% Leased Office Building Phoenix, AZ 85016 $4,256,775 ($225/SF)
INVESTMENT HIGHLIGHTS
- Sale Leaseback Offering - Seven (7) Year Term
- Three Percent (3%) Annual Increases
- In Operation Since 2006
- NNN Lease Structure
- Well-Established Executive Office/Virtual Office Operator
- Immediate Access to I-10 & Loop 202 Fwys | Minutes to Biltmore, Arcadia, and Central Phoenix
EXECUTIVE SUMMARY
SVN is pleased to present to the market this sale leaseback opportunity in Phoenix, AZ. The building is currently occupied by Plaza Executive Suites, an experienced operator of executive offices suites throughout the Phoenix MSA including virtual offices and meeting space. Plaza Executives has been in operation since 2006 and currently has five locations in north Scottsdale, Mesa, North Phoenix, and Old Town Scottsdale in addition to this location in the Biltmore area. In 2022, Plaza Executive Suites Ranked #7 in Ranking Arizona: Office Business Centers. Plaza Executive Suites is willing to enter into a seven (7) year leaseback upon close of escrow under a triple net lease with three percent annual increases.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
18,919 SF
Building Class
B
Year Built
1974
Price
$4,256,775
Price Per SF
$225
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,459 SF
Building FAR
0.43
Lot Size
1.01 AC
Zoning
C-2, Phoenix - Commercial
Parking
63 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 109
- 522 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 110
- 595 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 206
- 776 SF
- Office
- Spec Suite
- Now
Newly remodeled executive suite. Fully furnished. No CAMs.
Fully furnished executive suite. Phone & Internet included.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 109 | 522 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 110 | 595 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 206 | 776 SF | Office | Spec Suite | Now |
| 2nd Fl-Ste BL16 | 160 SF | Office | Spec Suite | Now |
| 2nd Fl-Ste BL18 | 130 SF | Office | Spec Suite | Now |
| 2nd Fl-Ste BL23 | 110 SF | Office | Spec Suite | Now |
1st Fl-Ste 109
| Size |
| 522 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 110
| Size |
| 595 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 776 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste BL16
| Size |
| 160 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste BL18
| Size |
| 130 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste BL23
| Size |
| 110 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste BL16
| Size | 160 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Newly remodeled executive suite. Fully furnished. No CAMs.
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste BL18
| Size | 130 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste BL23
| Size | 110 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Fully furnished executive suite. Phone & Internet included.
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 119-17-031 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $162,578 |
PROPERTY TAXES
Parcel Number
119-17-031
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$162,578
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Biltmore Office Plaza | 2942 N 24th St
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