2942 N 24Th St Phoenix, AZ 85016
Office building in the Midtown submarket near major freeways.
Building Details
- Year built
- 1974
Source:
Svndesertcommercial
Listing Agent: Justin Horwitz, Sior
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Phoenix Biltmore Area Office Plaza
Located in the Midtown submarket of Phoenix, Arizona, just north of Thomas Road, the Biltmore Office Plaza presents an opportunity for either an owner-user or a sale-leaseback arrangement. The property is currently occupied by Plaza Executive Suites, an operator of executive office suites with multiple locations throughout the Phoenix MSA since 2006, including virtual offices and meeting spaces. Plaza Executive Suites is open to a seven-year leaseback agreement under an absolute triple net lease with annual increases of three percent 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 the entirety of the building. The property is situated on the west side of 24th Street, between Thomas and Osborn Roads, offering immediate access to major transportation routes and public transit, including the Loop 202, I-10, and 51 Freeways. Its central location provides convenient access to the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport, and the Tempe area. The surrounding area features a mix of professional services, dining options, and retail amenities, supporting the neighborhood’s pro-business environment and attracting tenants seeking functional office space.
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
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FAQs
What type of property is this?
Office building - Office building in the Midtown submarket near major freeways.
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: - Owner-user or sale-leaseback opportunity provides flexibility.; - Established executive office operator willing to enter a 7-year NNN leaseback with 3% annual increases.; - **Excellent location** in the Midtown submarket with immediate access to Loop 202, I-10, and 51 Freeways.
