Listing Agency: Cushman & Wakefield | Phoenix p***@nmrk.com Show Phone

Listed By: Lauren Montana

Source: Moodyscre

Added: Oct 2, 2025 Changed: Jul 6 Last Checked: Jul 21 at 8:06AM

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Investment Insights

Based on property information with market context.

This is a Class A office space situated in a four-story building. The property provides a parking ratio of 3.7 per 1000 square feet. In addition to underground parking, there are 40 visitor surface parking spaces available. The property offers 1676 square feet of office space.

Key Highlights

• Class A office space for your business needs.
• Ample parking with a 3.7 / 1000 SF parking ratio.
• Four stories.

Property Analytics

Property Profile

Current Use

Eldorado Computing (Bike/Boat/Book/etc) Store Iannitelli Marcolini, P.C. Law Firm Keith Goodenough Physician Soul Consortium Alternative Medicine Practice Salon Jatel Hair Salon

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Daycare Center Grocery & Convenience Store Pharmacy

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

$4.95 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,857

Businesses Nearby

Explore this area Business Placement

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 75% 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

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 - Four-story Class A office space with ample parking.

Where is this office units located?

The property is located at 5353 N 16th St Phoenix, AZ.

What is the lease rate?

The lease rate is $33 SF/Yr.

What are key features of this property?

This property features: Class A office space for your business needs.; Ample parking with a 3.7 / 1000 SF parking ratio.; Four stories.