Listing Agency: Transwestern | Phoenix s***@cbre.com Show Phone

Listed By: Scott Baumgarten Show Phone

Source: Cbre

Added: Aug 19 Changed: Aug 20 Last Checked: Aug 21 at 12:18PM

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Investment Insights

Based on property information with market context.

This office property contains 46,813 square feet of commercial space configured as office units. The asset is offered for lease at 250 North 7th Avenue in Phoenix, Arizona 85007.

Key Highlights

• 46,813 square feet of office space
• Multi‑unit office property
• Located at 250 North 7th Avenue, Phoenix, AZ 85007

Property Analytics

Property Profile

Current Use

US Immigration Court Courthouse Social Security Administration Social Security Office Franchise Opportunities Services Business Broker Sun Valley Mold ... Environmental Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nail Salon Pet Grooming Service Tanning Salon Butcher Veterinary Clinic

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

$4.43 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

4,752

Businesses Nearby

Explore this area Business Placement

Demographics for 85007, AZ

14,442

Population

5,981

Households

2.4

Avg Household Size

36

Median Age

27%

College-Educated

81%

High-School Grad

4.6 sq mi

ZIP Area

3,140

Density / Sq Mi

$55,833

Median Household Income

$43,375

Median Earnings

$1,079

Median Rent

$447,000

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.83 /SF/Yr

Avg Asking Price

$1.86–$45 /SF/Yr

Price Range

8,467 SF

Avg Space Size

This space is priced 57% above the average of $18.83 /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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Commercial office space is available for lease in a multi-unit property.

Where is this office units located?

The property is located at 250 North 7th Avenue Phoenix, AZ.

What is the lease rate?

The lease rate is $29.50 SF/Yr.

What are key features of this property?

This property features: 46,813 square feet of office space; Multi‑unit office property; Located at 250 North 7th Avenue, Phoenix, AZ 85007