14050 N 83rd Ave Peoria, AZ 85381

Building Details

Year Built

2005

Listing Agency CBRE - Phoenix Show Phone

Listed by Geoffrey Turbow · License #AZ SA542278000

Source Crexi

Added: Jul 22, 2024 Updated: Jul 6 at 8:40 am Checked: Jul 20 at 6:13 am

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Investment Insights

Based on property information with market context.

The commercial office market in Peoria, Arizona, is situated in a dynamic growth area within Maricopa County. The West Valley region, with over 1.9 million residents, is projected to expand rapidly. Key industry sectors such as Healthcare, Finance, and IT contribute to a diverse business ecosystem. The Arrowhead submarket has a vacancy of 10.7% and an occupancy history of over 88% over the past five years. The Peoria/Arrowhead area demonstrates demographic and economic growth, featuring residential communities that attract new residents with leisure developments, homes, and recreational amenities. Peoria's demographic profile includes high-income households, providing a consumer base and skilled workforce. The area offers a range of housing options, from luxury homes to affordable options.

Key Highlights

• Located in a dynamic growth area within Maricopa County, the 4th fastest‑growing county in the U.S. (2019‑2024).
• Arrowhead submarket has a strong occupancy history of over 88%.
• No competition under construction in the submarket.

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FAQs

What type of property is this?

Office building - Commercial office market in a dynamic growth area.

Where is this office building located?

The property is located at 14050 N 83rd Ave Peoria, AZ.

What is the asking price?

The asking price for this property is $22,500,000.

What are key features of this property?

This property features: Located in a dynamic growth area within Maricopa County, the 4th fastest‑growing county in the U.S. (2019‑2024).; Arrowhead submarket has a strong occupancy history of over 88%.; No competition under construction in the submarket.