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Second-Generation Office Suite
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3930 E Ray Rd, Phoenix, AZ 85044

Second-generation office suite with recent upgrades to common areas and restrooms in a professionally managed building.

Property Size3,805 SF
Days on Market389

Property Features for 3930 E Ray Rd

General Information

Standard status Active
Size 3,805 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Highway Access Yes
Listing Agency: SVN | Desert Commercial Advisors
Listed By: Justin Horwitz · License #SA648012000
Source: Moodyscre
Added: Jul 7, 2025 Changed: Jul 28 Last Checked: Jul 30 at 1:10PM

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 SVN | Desert Commercial Advisors

Investment Insights

Based on property information with market context.

This high-end second-generation office space is available for lease and is supported by recent capital upgrades to the common areas and restrooms. The building is professionally managed, providing an organized, tenant-ready environment.

The property is located in the heart of Ahwatukee, with close proximity to the I-10 freeway and just minutes from the Ahwatukee Foothills Towne Center shopping corridor.

Suitable for office users seeking a move-in-ready layout within a maintained office property, the suite benefits from the building’s recent common area and restroom improvements.

Key Highlights

  • Second‑generation office space available for lease
  • Recent capital upgrades to common areas and restrooms
  • Professionally managed office building

Property Analytics

Current Use

Dr. Karthik Ramanan Crisis Center Cardinal Financial Company, ... Financial Advisor Kendall Glover-Cardinal Financial ... Loan Service David Whitlach-Cardinal Financial ... Loan Service Kim Zuik-Cardinal Financial ... Loan Service

Suggested Use

Top Pick Restaurant Building Supply Law Firm Real Estate Agency Auto Repair Shop Big Box & Wholesale Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

357
Businesses Nearby

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

Lease Benchmarks for Phoenix, AZ

$18.84 /SF/Yr
Avg Asking Price
$0.58–$59.85 /SF/Yr
Price Range
11,631 SF
Avg Space Size

This space is priced 33% above the average of $18.84 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Second-generation office suite with recent upgrades to common areas and restrooms in a professionally managed building.
Where is this office units located?
The property is located at 3930 E Ray Rd Phoenix, AZ.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Second‑generation office space available for lease; Recent capital upgrades to common areas and restrooms; Professionally managed office building
(480) 220-2674 Call to check price and availability
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