2942 N 24Th St Phoenix, AZ 85016
Office building in a prime location with flexible options.
Building Details
- Year built
- 1974
Source:
Svn
Listing Agent: Justin Horwitz, Sior
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Biltmore Area Office Plaza Opportunity
This property presents an opportunity for either an owner-user or a sale-leaseback arrangement in Phoenix, AZ. Currently occupied by Plaza Executive Suites, an established operator of executive office suites, including virtual offices and meeting spaces, throughout the Phoenix MSA since 2006 with five locations in north Scottsdale, Mesa, north Phoenix, and Old Town Scottsdale in addition to the Biltmore area. Plaza Executive Suites is open to a seven-year leaseback agreement with three percent annual increases under an absolute triple net lease upon the close of escrow. Alternatively, Plaza Executive Suites can vacate the property as needed if an owner-user prefers to occupy a portion or all of it. Biltmore Office Plaza is located in the Midtown submarket, north of Thomas Rd, on the west side of 24th St, between Thomas Rd and Osborn Rd. The property benefits from immediate access to major freeways and public transit, including the Loop 202, I-10, and 51 Freeways, facilitating efficient commutes for employees and clients. The surrounding area features a dense mix of professional services, dining, and retail amenities, supporting the neighborhood’s pro-business environment, ongoing residential growth, and a steady stream of tenants seeking functional, well-located office space. The property is centrally located relative to the broader Phoenix market with convenient access to the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport and the Tempe area.
Location Intelligence
Current Use by Public Records
Commission Express of Phoenix
Real Estate Agency
Meade Electric Co.
Electrical Service
Shipley and Sons
General Contractor
Phoenix Embroidered Polo ...
Production Facility
Magical Marketing Solution
Advertising Agency
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0308044
- Latitude
- 33.4818258
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building in a prime location with flexible options.
Where is this office building located?
The property is located at 2942 N 24Th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,216,000.
What are key features of this property?
This property features: - Prime Location: Centrally located in Phoenix's Midtown, with immediate access to Loop 202, I-10, and 51 Freeways.; - Owner-User or Sale-Leaseback Opportunity: Offers flexibility for occupancy or a stable income stream.; - Established Tenant: Plaza Executive Suites, an experienced operator since 2006, is willing to enter a seven-year leaseback.
