10631 51st St Phoenix, AZ 85044-5225

Property Details for 10631 51st St

Year built

1994

Construction

CONCRETE

Lot size

1.74 lot acres

Property size

7,442 SF

Zone code

C-1

Property type

Office buildings

APN

301-41-338M

APU

30141338M

Description

This exceptional investment opportunity presents a Class B, multi-tenant executive office building located at 10631 S 51st St, Phoenix, Arizona, 85044. The property boasts 13,761 square feet situated on a 1.75-acre lot, constructed in 2008. Currently operating at 85% occupancy, this property generates a substantial net operating income (NOI) of $211,354, yielding an attractive 6.45% cap rate. The asking price is $3,275,000. The lease type is NNN (Net, Net, Net), indicating a favorable tenant responsibility structure. The building offers ample parking, providing 4 spaces per 1,000 square feet. Its strategic location in South Tempe, adjacent to Ahwatukee and with convenient access to I-10 Freeway via E Elliot Rd, ensures high visibility and accessibility. A unique feature is the presence of a rare 4-door loading area, enhancing functionality and appeal for potential tenants. This multi-tenant office building presents a compelling investment opportunity with strong cash flow and significant growth potential in a desirable Phoenix location. The property's solid construction, desirable location, and current performance metrics make it an attractive addition to any investment portfolio.