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Phoenix Office Building For Sale

1501 E Osborn Rd, Phoenix, AZ

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For Sale

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Office building with long-term tenant in central Phoenix.

Type:OFFICE

Property size:

32,689 SF

Lot size:

2.24 Acres

Price / SF:

$218/SF

HighLights

Reliable income stream with stable cash flow from a long‑term net lease with a single tenant.
Anchored by Community Partners Integrated Healthcare (±23,000 SF | Lease through 2031).
Gross Operating Income of $753,844.
Rare Central Phoenix/Midtown site sitting on ±2.40 acres.
Zoned R‑5 (Multifamily Residential) allowing for future redevelopment potential.
Weighted Average Lease Term (WALT) of 5.33 Years.

We can help!

Listing Contact

Keri Davies

For Sale

Contact for pricing

Office building with long-term tenant in central Phoenix.

Type:OFFICE

Property size:

32,689 SF

Lot size:

2.24 Acres

Price / SF:

$218/SF

Added:: Jul 4, 2025
Days on Market:: 346
Last Refresh:: May 20 at 8:13 pm

Property Features for 1501 E Osborn Rd

General Information

Standard status: Active
Size: 32,689 SF
Lot size: 2.24 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Keri Davies

Listing agent Keri Davies License #AZ SA649025000

Listing office LevRose Commercial Real Estate

Listing date Jul 4, 2025

Source Moodyscre

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 LevRose Commercial Real Estate

HighLights

Reliable income stream with stable cash flow from a long‑term net lease with a single tenant.
Anchored by Community Partners Integrated Healthcare (±23,000 SF | Lease through 2031).
Gross Operating Income of $753,844.
Rare Central Phoenix/Midtown site sitting on ±2.40 acres.
Zoned R‑5 (Multifamily Residential) allowing for future redevelopment potential.
Weighted Average Lease Term (WALT) of 5.33 Years.

Overview

This commercial property is a central Phoenix site situated on approximately 2.40 acres. The property is anchored by Community Partners Integrated Healthcare, occupying approximately 23,000 square feet with a lease extending through 2031. The property also hosts a variety of professional services, including healthcare, consulting, real estate, and photography. The gross operating income is $753,844, with a weighted average lease term (WALT) of 5.33 years. The location is in a high-density residential and employment area, minutes from Camelback Corridor, Central Avenue, I-10, and SR-51. The property is zoned R-5 (Multifamily Residential), offering future redevelopment potential. The property offers a reliable income stream with stable cash flow from a long-term net lease with a single tenant and simplified property management.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.00M	$30.72
− Vacancy	−$258.1k	−$7.90
EGI	$746.1k	$22.82
− OpEx	−$186.5k	−$5.71
NOI	$559.6k	$17.12

32,689 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$7.99M

$6.99M – $9.33M (±1% cap)

NOI $559,594 @ 7.0% cap · market cap 7.83%

Second Best

Healthcare Medical

$6.66M

$5.83M – $7.77M (±1% cap)

NOI $466,014 @ 7.0% cap · market cap 6.52%

Theoretical Best

Office A

$9.90M

$8.66M – $11.55M (±1% cap)

NOI $693,124 @ 7.0% cap · market cap 9.69%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.049
Latitude: 33.4869

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For sale
Office buildings
AZ
Phoenix
1501 E Osborn Rd

What type of property is this?

Office building - Office building with long-term tenant in central Phoenix.

Where is this office building located?

The property is located at 1501 E Osborn Rd Phoenix, AZ.

What is the asking price?

The asking price for this property is $7,150,000.

What are key features of this property?

This property features: Reliable income stream with stable cash flow from a long‑term net lease with a single tenant.; Anchored by Community Partners Integrated Healthcare (±23,000 SF | Lease through 2031).; Gross Operating Income of $753,844.

1501 E Osborn Rd, Phoenix, AZ

Office building with long-term tenant in central Phoenix.

Property Features for 1501 E Osborn Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

Phoenix Multifamily Investment Opportunity

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