Multi-Building Office
New
For Sale
$1,840,000
2960 E Northern Ave. - Bldg A and C, Phoenix, AZ 85028
Office improvements include private rooms, meeting areas, shared restrooms, and collaborative work zones.
Property Size6,069 SF
Days on Market5
Property Features for 2960 E Northern Ave. - Bldg A and C
General Information
Standard status
Active
Size
6,069 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
The Preserve
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
6,069 SF
Buildings
2
Tenancy
Multi
Listed By:
Justin Horwitz, SIOR
(480) 220-2674
Source:
Svndesertcommercial
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 1:38PM
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 Justin Horwitz, SIOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Buildings A and C at 2960 E. Northern Ave. contain an office-focused layout with private offices, conference and meeting rooms, collaborative areas, and shared restrooms. The property is currently occupied by multiple tenants, and the existing configuration supports owner occupancy of up to 6,069 square feet alongside tenant occupancy.
The property is in North Central Phoenix, with access to Northern Avenue and SR-51 and proximity to the Paradise Valley submarket.
The property is in North Central Phoenix, with access to Northern Avenue and SR-51 and proximity to the Paradise Valley submarket.
Key Highlights
- Owner occupancy potential of up to 6,069 square feet
- Two buildings, identified as Buildings A and C
- Office layout includes private offices, conference rooms, and collaborative areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,894
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,077,880
$2.1M
Cap Rate 7%
$1,484,200
$1.5M
Cap Rate 9%
$1,154,378
$1.2M
Market Conditions
NOI Build-Up for 6,069 SF
Gross rent
$186.4K $30.72/SF
− Vacancy
−$47.9K −$7.90/SF
EGI
$138.5K $22.82/SF
− OpEx
−$34.6K −$5.71/SF
NOI
$103.9K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,077,880
Cap Rate 7%
$1,484,200
Cap Rate 9%
$1,154,378
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,894 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,685 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 85028, AZ
19,888
Population
8,642
Households
2.3
Avg Household Size
48
Median Age
56%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
2,882
Density / Sq Mi
$119,436
Median Household Income
$69,819
Median Earnings
$1,832
Median Rent
$583,000
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office building - Office improvements include private rooms, meeting areas, shared restrooms, and collaborative work zones.
Where is this office building located?
The property is located at 2960 E Northern Ave. - Bldg A and C Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,840,000.
What are key features of this property?
This property features: Owner occupancy potential of up to 6,069 square feet; Two buildings, identified as Buildings A and C; Office layout includes private offices, conference rooms, and collaborative areas
