Listing Agency: CBRE | Phoenix

Listed By: Philip Wurth, CCIM Show Phone

Source: Cbre

Added: Sep 26 Last Checked: Sep 26 at 3:17PM

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Investment Insights

Based on property information with market context.

Office units are offered for rent at 10621 South 51st Street in Phoenix, Arizona. Retail, dining, and recreational destinations are located nearby.

Key Highlights

• Nearby retail, dining, and recreational destinations in Phoenix

Property Analytics

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Current Use

P T Risk ... Insurance Agency Tee Time Golf ... Department Store Circa Destination Management Marketing & Advertising ISM Barsa Inc Business Management Consultant

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Dental Office Law Firm Garden Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.93 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,077

Businesses Nearby

Explore this area Business Placement

Demographics for 85044, AZ

39,559

Population

18,817

Households

2.1

Avg Household Size

41

Median Age

50%

College-Educated

97%

High-School Grad

16.5 sq mi

ZIP Area

2,398

Density / Sq Mi

$96,374

Median Household Income

$58,220

Median Earnings

$1,798

Median Rent

$437,400

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$19.79 /SF/Yr

Avg Asking Price

$1.16–$114 /SF/Yr

Price Range

9,797 SF

Avg Space Size

This space is priced 1% below the average of $19.79 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019

19.3% 2020

21.7% 2021

24.3% 2022

27.4% 2023

28.5% 2024

26.5% 2025

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - The Phoenix location is near retail, dining, and recreational destinations.

Where is this office units located?

The property is located at 10621 South 51st Street Phoenix, AZ.

What is the lease rate?

The lease rate is $19.50 SF/Yr.

What are key features of this property?

This property features: Nearby retail, dining, and recreational destinations in Phoenix