Listing Agency: CBRE | Phoenix m***@cbre.com Show Phone

Listed By: Mark Gustin Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 16 Last Checked: Aug 20 at 8:33AM

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Investment Insights

Based on property information with market context.

This commercial real estate property, suitable for office use, offers 88,869 square feet of space. Located in Phoenix, Arizona, at 4035 South Riverpoint Parkway, the property is available for rent.

Key Highlights

• 88,869 square feet available for lease.

Property Analytics

Property Profile

Current Use

UOP High School I Create T-Shirts Custom T-Shirt Store University of Phoenix University Take my online ... Tutoring Service ProjectMasters Toastmasters Charitable Organization

Suggested Use

Top Pick Dental Office Real Estate Agency Hair Salon Nail Salon Spa & Massage Center Grocery & Convenience Store

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

$4.05 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

861

Businesses Nearby

Explore this area Business Placement

Demographics for 85040, AZ

33,993

Population

11,962

Households

2.8

Avg Household Size

30

Median Age

15%

College-Educated

69%

High-School Grad

10.1 sq mi

ZIP Area

3,366

Density / Sq Mi

$57,890

Median Household Income

$36,355

Median Earnings

$1,193

Median Rent

$294,800

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$25.89 /SF/Yr

Avg Asking Price

$11.95–$47 /SF/Yr

Price Range

28,663 SF

Avg Space Size

This space is priced 4% above the average of $25.89 /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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Office building with 88,869 square feet available for lease.

Where is this office building located?

The property is located at 4035 South Riverpoint Parkway Phoenix, AZ.

What is the lease rate?

The lease rate is $27 SF/Yr.

What are key features of this property?

This property features: 88,869 square feet available for lease.