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Class A Office Property
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11022–11024 N 28TH DR, Phoenix, AZ 85029

Multi-tenant office property undergoing multi-million dollar renovation.

Space Size916 SF - 3,119 SF
Property Size102,000 SF
Days on Market1342

Property Features for 11022–11024 N 28TH DR

General Information

Standard status Active
Size 916 SF - 3,119 SF
Property subtype Office
Lease Type Full Service

Building Details

Building Size 102,000 SF
Year Built 1984
Tenancy Multiple

Spaces For Lease

at 11022–11024 N 28TH DR Contact us

11022 - Suite 100

Size
2,501 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

11022 - Suite 105

Size
1,569 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

11022- Suite 185

Size
916 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

11022-Suite 160

Size
2,989 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

11024 - Suite 145

Size
1,410 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

11024 - Suite 280

Size
2,698 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

11024 - Suite 205

Size
3,119 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: CBRE - Phoenix
Listed By: Philip Wurth · License #AZ
Source: Crexi
Added: Dec 20, 2022 Changed: Aug 15 Last Checked: Aug 22 at 4:04PM

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 CBRE - Phoenix

Investment Insights

Based on property information with market context.

Lake Biltmore Corporate Center is a multi-tenant office property located on the site of the Lake Biltmore Estates. The Class A property is undergoing a multi-million dollar renovation to update the buildings and grounds, including all common areas, with a contemporary nautical theme.

Key Highlights

  • Iconic Class A multi‑tenant office property.
  • On‑site of the Lake Biltmore Estates.
  • Under new ownership.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring 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
$3.07 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby

Demographics for 85029, AZ

47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
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 21% below 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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office property undergoing multi-million dollar renovation.
Where is this office building located?
The property is located at 11022–11024 N 28TH DR Phoenix, AZ.
What is the lease rate?
The lease rate is $20.50 SF/Yr.
What are key features of this property?
This property features: Iconic Class A multi‑tenant office property.; On‑site of the Lake Biltmore Estates.; Under new ownership.
(602) 735-5649 Call to check price and availability
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