5800 19Th Ave Phoenix, AZ 85015
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Multi-tenant office building, strong cash flow.
Property size:
15,192 SFProperty Features for 5800 19Th Ave
General Information
- Property type
- Office properties & Spaces
- Square Feet
- 15,192 SF
- Class
- C
- Lot Size
- 38,768 SF
Building Details
- Year Built/Renovated
- 1959/2019
- Buildings
- 1
- Stories
- 2
- Units
- 19
Listing Agent: Brandon Koplin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This Phoenix, Arizona office building, located at 5800 N 19th Ave, presents a compelling investment opportunity. The 15,192 square foot, Class C property boasts a strong 8.85% cap rate and a current NOI of $202,256.52. Built in 1959 and renovated in 2019, the two-story building sits on a 0.89-acre lot and features 19 units with 79% occupancy as of June 24, 2024. The property offers ample parking (4.5 spaces per 1,000 sq ft), a gross lease structure, and is zoned C-2. Its strategic location in a vibrant business district provides easy access to major transportation routes, including light rail, and is surrounded by amenities such as Costco, Target, and Abrazo Hospital. The building's mid-century modern design creates a professional atmosphere. Shorter-term leases allow for potential owner-user occupancy of up to 66% by January 2025. The asking price is $2,285,714, with a price per square foot of $150.46. Tenants are responsible for their own janitorial services and internet. This property offers significant potential for value-add improvements and increased rental income, capitalizing on Phoenix's dynamic market growth. The property includes monument signage, central HVAC, and common area restrooms.
Property Profile
Location Intelligence
Current Use by Public Records
Omega Counseling
Counselor
Elite Staffing Services ...
Employment Agency
International Hair Salon
Barber Shop
The Chicago Hair Barbie
Hair Salon
MFAS Arts
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.09984749
- Latitude
- 33.52240809
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FAQs
What type of property is this?
Office property - Multi-tenant office building, strong cash flow.
Where is this office property located?
The property is located at 5800 19Th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,285,714.
What are key features of this property?
This property features: 20 suites with 75 parking spaces.; Conveniently located near Spectrum Shopping Mall.; Proximity to upscale medical facilities.
