Divisible Class A Office Floor
For Lease
Contact for pricing
7720 N 16th St, Phoenix, AZ 85020
Two Class A office buildings offer easily divisible 40,000 sq. ft. floor plates and onsite dining.
Property Size6,096 SF
Days on Market840
Property Features for 7720 N 16th St
General Information
Standard status
Active
Size
6,096 SF
Class
Class A
Property subtype
OFFICE
Lease Type
SF/yr
Amenities
Veranda Bistro Café
Sophisticated Energy Star Rated Management System
Close Proximity to Light-Rail
State of the Art Communications Infrastructure
Scenic Views of Squaw Peak and Downtown Phoenix
Listing Agency:
Lee & Associates | Phoenix
(602) 694-3964
Listed By:
Bill Blake, SIOR
(602) 694-3964
Source:
Moodyscre
Added: Apr 12, 2024
Changed: Jul 26
Last Checked: Jul 30 at 8:35AM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
Two Class A office buildings totaling 287,394 rentable square feet are offered for rent, with 40,000-square-foot floor plates that are designed to be easily divisible. The property includes Veranda Bistro Café and is supported by a sophisticated Energy Star rated management system.
Additional building amenities include a state-of-the-art communications infrastructure. The office campus is located close to light-rail access for convenient regional connectivity, and it offers scenic views of Squaw Peak and downtown Phoenix.
Additional building amenities include a state-of-the-art communications infrastructure. The office campus is located close to light-rail access for convenient regional connectivity, and it offers scenic views of Squaw Peak and downtown Phoenix.
Key Highlights
- Total 287,394 rentable SF across two Class A office buildings
- 40,000 SF floor plates designed to be easily divisible
- On‑site Veranda Bistro Café
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Market
Lease Benchmarks for Phoenix, AZ
$25.81 /SF/Yr
Avg Asking Price
$11.95–$47 /SF/Yr
Price Range
54,830 SF
Avg Space Size
This space is priced 24% above the average of $25.81 /SF/Yr.
Vacancy Rate% for Office in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Office building - Two Class A office buildings offer easily divisible 40,000 sq. ft. floor plates and onsite dining.
Where is this office building located?
The property is located at 7720 N 16th St Phoenix, AZ.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Total 287,394 rentable SF across two Class A office buildings; 40,000 SF floor plates designed to be easily divisible; On‑site Veranda Bistro Café
