Phoenix Office Building For
For Sale
Contact for pricing
2205-2225 W Whispering Wind Dr, Phoenix, AZ
Well-maintained office building in Phoenix with stable cash flow.
Property Size74,520 SF
Lot Size4.73 Acres
Price / SF$229.47
Days on Market1938
Property Features for 2205-2225 W Whispering Wind Dr
General Information
Standard status
Active
Size
74,520 SF
Lot size
4.73 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Deer Valley
Listing Agency:
Colliers | Phoenix
(602) 222-5000
Listed By:
Mindy Korth · License #BR004901000
(602) 531-5538
Source:
Moodyscre
Added: Jul 9, 2021
Changed: Oct 26
Last Checked: Oct 26 at 5:19PM
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 Colliers | Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained office building offers a secure investment with stable cash flow and potential upside. The property features functional building floor plates and a practical site plan. Located in an amenity-rich, growing area, it provides convenient connectivity and easy access to I-7 via Happy Valley Rd. Situated just north of Deer Valley Municipal Airport within the amenity-rich Deer Valley submarket, the property is adjacent to more than 1.1 million square feet of retail, restaurant, hotel, and shopping amenities. The building accommodates seven institutional-quality tenants and is offered at below replacement cost pricing. The property contains 74,520 square feet.
Key Highlights
- Secure investment with stable cash flow and upside potential.
- Below replacement cost pricing.
- Seven institutional‑quality tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,275,687
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,513,740
$25.5M
Cap Rate 7%
$18,224,100
$18.2M
Cap Rate 9%
$14,174,300
$14.2M
Market Conditions
NOI Build-Up for 74,520 SF
Gross rent
$2.29M $30.72/SF
− Vacancy
−$588.3K −$7.90/SF
EGI
$1.70M $22.82/SF
− OpEx
−$425.2K −$5.71/SF
NOI
$1.28M $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,513,740
Cap Rate 7%
$18,224,100
Cap Rate 9%
$14,174,300
Alternative Uses
Best Use
Office B
$18.22M
$15.95M – $21.26M
NOI $1,275,687 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.57M
$19.75M – $26.33M
NOI $1,580,092 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building in Phoenix with stable cash flow.
Where is this office building located?
The property is located at 2205-2225 W Whispering Wind Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $17,100,000.
What are key features of this property?
This property features: Secure investment with stable cash flow and upside potential.; Below replacement cost pricing.; Seven institutional‑quality tenants.
