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- LoopNet Team
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
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
Parcel Number | 200-50-211A | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,809,676 |
PROPERTY TAXES
Learn More About Investing in Office Space
Listing ID: 15214980
Date on Market: 2/19/2019
Last Updated:
Address: 5701 W Talavi Blvd, Glendale, AZ 85306
The Office Property at 5701 W Talavi Blvd, Glendale, AZ 85306 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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