0 Nwc Avondale Blvd & Mcdowell Rd Avondale, AZ 85323
Avondale Commons presents a unique investment opportunity in the thriving Avondale, Arizona market. This ±39,650 square foot mixed-use development, located at the northwest corner of Avondale Boulevard and McDowell Road (85323), is slated for completion in the third quarter of 2025. The project offers a blend of executive and medical office condos available for sale or lease, ranging from approximately 2,550 to 20,000 square feet. The sale price is $450 per square foot, while the lease rate is $26 per square foot, NNN. The development boasts prominent frontage and monument signage on both Avondale Boulevard and McDowell Road, including an illuminated LED display. Ample parking is provided, with a ratio of 5.01 spaces per 1,000 square feet, including covered and reserved options. Beyond the office spaces, Avondale Commons incorporates a walkable retail component featuring several pad buildings, including a restaurant and hotel, creating a vibrant lifestyle campus. Four luxury apartment buildings are also part of this comprehensive development, further enhancing its appeal and attracting a diverse clientele. The property benefits from generous landscaping and open green spaces, catering to both business and personal needs. This prime location is ideally positioned to serve the expanding Avondale community. Construction commenced in the fall of 2022.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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