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Office Space with Courtyard
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5070 N 40th St, Phoenix, AZ 85018

Office space in a landscaped courtyard setting with easy access to Route 51 and Loop 202.

Space Size2,624 SF
Days on Market165

Property Features for 5070 N 40th St

General Information

Standard status Active
Size 2,624 SF
Property subtype OFFICE
Lease Type Full Service

Additional Details

Highway Access Yes

Amenities

common area courtyard

Spaces For Lease

at 5070 N 40th St Contact us

5070 N 40th St $28/SF/Yr

Floor
1
Size
2,624 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Strategically located in the heart of Camelback Corridor. - Accessible to the finest...
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Listing Agency: LevRose Commercial Real Estate
Listed By: Joe Cosgrove · License #SA649531000
Source: Moodyscre
Added: Mar 30 Changed: Aug 8 Last Checked: Sep 9 at 6:28AM

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

Investment Insights

Based on property information with market context.

This office space is part of a well-maintained property featuring a beautiful common area courtyard with landscaping throughout. The setting is designed for a polished daytime work environment, with shared outdoor space that supports a comfortable arrival and break-time flow.

The property is positioned in the heart of the Camelback Corridor and the Arcadia neighborhood, with access to major nearby destinations including Biltmore, Paradise Valley, and Scottsdale. Area convenience is supported by close proximity to Scottsdale Fashion Square Mall and Biltmore Fashion Square Mall.

Convenient transportation access is available via Route 51 and Loop 202, making it easier to connect with the surrounding area. For dining, the property is described as within walking distance of several upscale restaurants.

Key Highlights

  • Office space in a landscaped courtyard setting
  • Easy access to Route 51 and Loop 202
  • Located in the heart of the Arcadia neighborhood with access to Biltmore, Paradise Valley, and Scottsdale

Property Analytics

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Current Use

Thomas G Asimou ... Law Firm Pfarr & Rethore, A Professional ... Law Firm Arizona Harmony Home Health Care Service Chess Pacific Corporation Construction Company Allan H. Gelber, ... Physician

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) 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
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,047
Businesses Nearby

Demographics for 85018, AZ

37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$17.83 /SF/Yr
Avg Asking Price
$1.16–$47 /SF/Yr
Price Range
7,984 SF
Avg Space Size

This space is priced 57% above the average of $17.83 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space in a landscaped courtyard setting with easy access to Route 51 and Loop 202.
Where is this office units located?
The property is located at 5070 N 40th St Phoenix, AZ.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Office space in a landscaped courtyard setting; Easy access to Route 51 and Loop 202; Located in the heart of the Arcadia neighborhood with access to Biltmore, Paradise Valley, and Scottsdale
(480) 628-4753 Call to check price and availability
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