Zoned C-3 Multi-Tenant Office
For Sale
$3,300,000
1100 E Washington St, Phoenix, AZ 85034
Two-story, multi-tenant office building with recent renovations and leases in place through 2027.
Property Size11,784 SF
Price / SF$280.04
Days on Market162
Property Features for 1100 E Washington St
General Information
Standard status
Active
Size
11,784 SF
Property subtype
Multi Tenant Office
Zoning
C-3
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
3
Building Details
Building Size
11,784 SF
Year Built
1980
Year Renovated
2022
Stories
3
Tenancy
Multi
Listing Agency:
Menlo Group Commercial Real Estate
(480) 659-1777
Listed By:
Stuart Milne · License #SA634760000
(480) 659-1777
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 21
Last Checked: Jul 21 at 12:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
1100 E Washington St is a two-story, multi-tenant office building totaling 11,784 square feet and arranged across three floors, including the first, second, and basement levels. The property is zoned C-3 and is described as having a modern aesthetic with a high-end office build-out, along with recent renovations completed in 2021 and 2022. The building is currently 100% occupied by three tenants, with leases secured through 2027.
The property is located in Phoenix, just east of Downtown Phoenix, with access to regional transportation and major thoroughfares. It is less than five minutes from Sky Harbor International Airport and is described as being near major freeways including I-10, I-17, and State Route 51. Tenants also benefit from nearby Valley Metro Light Rail service. The surrounding area is described as a mix of retail, dining, entertainment, hospitality, and downtown venues.
For buyers seeking a stabilized office asset, this offering combines current occupancy with a C-3 zoning designation that the seller notes may support redevelopment flexibility.
The property is located in Phoenix, just east of Downtown Phoenix, with access to regional transportation and major thoroughfares. It is less than five minutes from Sky Harbor International Airport and is described as being near major freeways including I-10, I-17, and State Route 51. Tenants also benefit from nearby Valley Metro Light Rail service. The surrounding area is described as a mix of retail, dining, entertainment, hospitality, and downtown venues.
For buyers seeking a stabilized office asset, this offering combines current occupancy with a C-3 zoning designation that the seller notes may support redevelopment flexibility.
Key Highlights
- Two‑story, 11,784 SF multi‑tenant office building built in 1980 at 1100 E Washington Street
- Currently 100% occupied by three tenants, with leases secured through 2027
- Zoned C‑3
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $362.0k | $30.72 |
| − Vacancy | −$93.0k | −$7.90 |
| EGI | $269.0k | $22.82 |
| − OpEx | −$67.2k | −$5.71 |
| NOI | $201.7k | $17.12 |
11,784 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,727 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,863 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story, multi-tenant office building with recent renovations and leases in place through 2027.
Where is this office building located?
The property is located at 1100 E Washington St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Two‑story, 11,784 SF multi‑tenant office building built in 1980 at 1100 E Washington Street; Currently 100% occupied by three tenants, with leases secured through 2027; Zoned C‑3
