Northwood Commerce Center 5800 N 19th Ave

Located at 5800 N 19th Ave, Phoenix, AZ, this multi-tenant office property presents a prime investment or owner-user opportunity in the heart of one of Phoenix's most vibrant business districts. Boasting a strategic location with easy access to major transportation routes, including light rail and surrounded by a diverse array of amenities including Costco, Target, Chic-Fil-A, and Abrazo Hospital this property offers an ideal environment for businesses to thrive.
With a total leasable area of 15,162sf this well maintained building features a mid-century modern architectural design, ensuring a professional and inviting atmosphere for tenants and clients alike. The property is currently home to a mix of up to 20 reputable tenants representing various industries, providing a stable and diversified income stream for the owner. The leases in this property are structured on shorter terms which allows a potential owner user to occupy up to 66% of the property by January 2025.
Investors will appreciate the property's strong leasing history and attractive rental rates, offering immediate cash flow and long-term growth potential. Additionally, with the steady demand for office space in Phoenix's dynamic market, there is ample opportunity to further optimize occupancy and rental rates, enhancing the property's overall value.
Beyond its financial merits, this property offers a range of amenities designed to cater to the needs of today's businesses. Ample parking, efficient floor plans, monument signage, central HVAC, common area restrooms and 19th Ave frontage.
As Phoenix continues to experience economic growth and urban development, investing in this multi-tenant office property presents a rare opportunity to capitalize on the city's prosperity.