Peoria Office Investment
For Sale
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14050 N 83rd Ave, Peoria, AZ 85381
Commercial office market in a dynamic growth area.
Property Size143,597 SF
Price / SF$156.69
Days on Market775
Property Features for 14050 N 83rd Ave
General Information
Standard status
Active
Size
143,597 SF
Class
A
Property subtype
Office
Occupancy
75%
Investment Type
Value Add
Net Operating Income
$1,690,161
Building Details
Year Built
2005
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
CBRE - Phoenix
Listed By:
Geoffrey Turbow · License #AZ SA542278000
(602) 735-1900
Source:
Crexi
Added: Jul 22, 2024
Changed: Aug 31
Last Checked: Sep 2 at 1:53AM
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 CBRE - Phoenix
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
