Office Building with Absolute NNN
For Sale
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7098 E Cochise Rd, Paradise Valley, AZ 85253
Fully occupied office property with an absolute NNN lease and tenant responsibility for operating expenses.
Property Size22,910 SF
Price / SF$313.94
Days on Market49
Property Features for 7098 E Cochise Rd
General Information
Standard status
Active
Size
22,910 SF
Net Rentable
19,908 SF
Property subtype
OFFICE
Occupancy
100%
Building Details
Buildings
1
Building Size
22,910 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Marcus Muirhead
(480) 236-6555
Source:
Moodyscre
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 9:42AM
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 Lee & Associates | Phoenix
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Investment Insights
Based on property information with market context.
The office building contains 22,910 SF of gross area, including 19,908 SF of rentable above-grade space and a 3,002 SF unfinished basement that is excluded from the rentable area. The property is currently fully occupied and offers a defined transition path for an owner-user.
The absolute NNN lease places responsibility for all operating expenses with the tenant, including HVAC, roof, and parking lot capital items. The initial lease term runs from 3/7/2018 through 3/31/2028. The property is located at 7098 E Cochise Rd in Paradise Valley, Arizona.
The absolute NNN lease places responsibility for all operating expenses with the tenant, including HVAC, roof, and parking lot capital items. The initial lease term runs from 3/7/2018 through 3/31/2028. The property is located at 7098 E Cochise Rd in Paradise Valley, Arizona.
Key Highlights
- 22,910 SF gross building area
- 19,908 SF rentable above‑grade space
- 3,002 SF unfinished basement excluded from rentable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$345,408
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,908,160
$6.9M
Cap Rate 7%
$4,934,400
$4.9M
Cap Rate 9%
$3,837,867
$3.8M
Market Conditions
NOI Build-Up for 19,908 SF
Gross rent
$609.2K $30.60/SF
− Vacancy
−$148.6K −$7.47/SF
EGI
$460.5K $23.13/SF
− OpEx
−$115.1K −$5.78/SF
NOI
$345.4K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,908,160
Cap Rate 7%
$4,934,400
Cap Rate 9%
$3,837,867
Alternative Uses
Best Use
Office B
$4.93M
$4.32M – $5.76M
NOI $345,408 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.16M
$5.39M – $7.18M
NOI $431,066 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with an absolute NNN lease and tenant responsibility for operating expenses.
Where is this office building located?
The property is located at 7098 E Cochise Rd Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 22,910 SF gross building area; 19,908 SF rentable above‑grade space; 3,002 SF unfinished basement excluded from rentable area
