14050 83Rd Ave Peoria, AZ 85381

This exceptional Class A office park in Peoria, Arizona, presents a compelling value-add investment opportunity. Comprising two, two-story buildings totaling 144,597 square feet on a 10.9-acre lot, the property boasts a prime location at the intersection of Loop 101 and Thunderbird Road & 83rd Ave, offering excellent visibility and accessibility. Built in 2005, the multi-tenant buildings provide adaptable space suitable for a range of businesses. Currently operating at 73.1% occupancy, the property generates a Net Operating Income (NOI) of $1,690,161. In-place rents are significantly below market rates, presenting substantial upside potential for increased NOI through lease renewals and market adjustments. The Peoria/Arrowhead area demonstrates robust demographic and economic growth, featuring a strong consumer base and skilled workforce, further enhancing the property's investment viability. The area's dynamic blend of residential communities, recreational amenities, and high-income households contributes to a vibrant and attractive environment for businesses. The property's strategic location and significant value-add potential make it an attractive investment in a rapidly growing market. The average remaining lease term is approximately 2.2 years. Additional value creation opportunities exist through freeway billboard or building signage. The current vacancy rate in the submarket is 14.95%, with no buildings having more than 25,000 square feet of vacancy, indicating market stability.