Multi-Tenant Office
For Sale
Contact for pricing
10429 S 51st St, Phoenix, AZ 85044
Two-story lobby, executive suites, and a 2021 ground-floor renovation support a diversified office configuration.
Property Size39,601 SF
Lot Size4.33 Acres
Days on Market141
Property Features for 10429 S 51st St
General Information
Standard status
Active
Size
39,601 SF
Class
A
Elevators
Yes
Lot size
4.33 Acres
Property subtype
Office
Occupancy
85%
Additional Details
Cap Rate
7%
Building Details
Year Built
2001
Year Renovated
2021
Buildings
1
Building Size
39,601 SF
Construction
tilt concrete and masonry block
Tenancy
Multi
Listing Agency:
KW Commercial Scottsdale SW
Listed By:
Andrew Tate · License #AZ BR038343000
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 1:51PM
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 KW Commercial Scottsdale SW
Investment Insights
Based on property information with market context.
Located at 10429 S 51st St in Phoenix, Arizona, this 39,601-square-foot office property occupies a 4.33-acre site and was constructed in 2001. The building combines tilt concrete and masonry block construction with extensive glazing, a two-story main lobby, stair access, and an elevator serving the second floor.
Approximately 70% of the property is leased to traditional office users, while the remaining second-floor area is configured for smaller executive office businesses. Four traditional office tenants occupy space, including a law firm with a 22-year tenancy. A $1M interior renovation was completed on the ground floor in 2021. Current occupancy is 85%, and the property is reported at a 7% CAP Rate based on current in-place income. The building received the 2001 Best of NAIOP Office Building of the Year Award.
Approximately 70% of the property is leased to traditional office users, while the remaining second-floor area is configured for smaller executive office businesses. Four traditional office tenants occupy space, including a law firm with a 22-year tenancy. A $1M interior renovation was completed on the ground floor in 2021. Current occupancy is 85%, and the property is reported at a 7% CAP Rate based on current in-place income. The building received the 2001 Best of NAIOP Office Building of the Year Award.
Key Highlights
- 39,601 SF multi‑tenant office building on a 4.33‑acre site
- 85% current occupancy with a reported 7% CAP Rate
- Approximately 70% traditional office space; balance configured for executive offices
Property Analytics
Property Profile
Current Use
Lease Details
85%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 85044, AZ
39,559
Population
18,817
Households
2.1
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
16.5 sq mi
ZIP Area
2,398
Density / Sq Mi
$96,374
Median Household Income
$58,220
Median Earnings
$1,798
Median Rent
$437,400
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story lobby, executive suites, and a 2021 ground-floor renovation support a diversified office configuration.
Where is this office building located?
The property is located at 10429 S 51st St Phoenix, AZ.
What are key features of this property?
This property features: 39,601 SF multi‑tenant office building on a 4.33‑acre site; 85% current occupancy with a reported 7% CAP Rate; Approximately 70% traditional office space; balance configured for executive offices
