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5701 W Talavi Blvd
Glendale, AZ 85306

Talavi Spectrum · Office Property For Sale

Investment Highlights

  • Two-story 75,636 SF Class A suburban office building.
  • Prestigious Arrowhead location.
  • Amenity-rich location with millions of square feet of retail in the neighborhood, including a 1.3-million-SF super-regional mall.
  • 90% leased.
  • High-quality 2002 construction.

PROPERTY FACTS

Property Type
Office
Building Size
75,636 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2002/2018
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
37,818 SF
Building FAR
0.30
Lot Size
5.72 AC
Zoning
PAD - Planned Area Development
Parking
5.02 Spaces per 1,000 SF Leased

Amenities

  • 24 Hour Access
  • Central Heating
  • Direct Elevator Exposure
  • Partitioned Offices
  • Reception
  • Air Conditioning

About 5701 W Talavi Blvd , Glendale, AZ 85306

Talavi Spectrum provides an excellent opportunity to acquire a ±75,636-square-foot, 90%-leased office investment with secure, recession-proof income and an average cash-on-cash return of 11.8% over the first three years. The tenant roster consists of A+ rated Federated Mutual Insurance, an established nonprofit and several additional quality tenants, including two billion-dollar companies. Prime suburban location in the prestigious Arrowhead submarket. Arrowhead is known for its high-end housing within Arrowhead Ranch and other vast communities. Naturally, top tier amenities serve the upscale population, including one of the most successful super regional malls. High demand for office space in Arrowhead is evidenced by its low 9.6% vacancy rate—the third lowest amongst the Valley’s 22 submarkets. In addition to the ability to achieve double-digit cash flow with market debt, Talavi Spectrum’s in-place rents are ±15% below market thereby providing handsome upside potential to bolster returns through rent growth.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
200-50-211A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,809,676
  • Listing ID: 15214980

  • Date on Market: 2/19/2019

  • Last Updated:

  • Address: 5701 W Talavi Blvd, Glendale, AZ 85306

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