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Multi-Tenant Office Building
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20470 North Lake Pleasant Road, Peoria, AZ 85382

The property is occupied by medical groups and a local church organization.

Property Size18,599 SF
Days on Market145

Property Features for 20470 North Lake Pleasant Road

General Information

Standard status Active
Size 18,599 SF
Property subtype Office
Occupancy 83%

Building Details

Building Size 18,599 SF
Tenancy Multi
Listing Agency: Lee & Associates - Arizona
Listed By: Marcus Muirhead · License #AZ SA543465000
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 3:22PM

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 - Arizona

Investment Insights

Based on property information with market context.

Sun Grove Plaza is an 18,599 +/- square foot office property at 20470 North Lake Pleasant Road in Peoria, Arizona. The multi-tenant building is currently 83% occupied, with six medical groups and a local church organization in place. A 3,155 +/- square foot vacant unit remains within the project.

The property is near regional shopping, established residential neighborhoods, and senior living facilities. A NexMetro infill residential project is expected to begin construction within the next 12 months immediately next to Sun Grove Plaza. The surrounding population within three miles is projected to grow nearly 8% over the next five years.

Key Highlights

  • 18,599 +/- square foot multi‑tenant office project
  • 83% occupied by 6 medical groups and a local church organization
  • 3,155 +/- square foot vacant unit

Property Analytics

Current Use

Dr. David P. ... Dental Office Southwest Pain Management ... Dental Office Shipley Orthodontics Dental Office Sun Grove Dentistry Dental Office Aegis Medical Care ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon

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

83%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby

Demographics for 85382, AZ

42,576
Population
19,796
Households
2.2
Avg Household Size
45
Median Age
38%
College-Educated
93%
High-School Grad
9.9 sq mi
ZIP Area
4,301
Density / Sq Mi
$93,387
Median Household Income
$53,864
Median Earnings
$1,875
Median Rent
$408,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - The property is occupied by medical groups and a local church organization.
Where is this office building located?
The property is located at 20470 North Lake Pleasant Road Peoria, AZ.
What are key features of this property?
This property features: 18,599 +/- square foot multi‑tenant office project; 83% occupied by 6 medical groups and a local church organization; 3,155 +/- square foot vacant unit
More about this property
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