4645 Cotton Ctr Blvd, Unit 4 Phoenix, AZ 85040-8855

Property Details for 4645 Cotton Ctr Blvd

Year built

2000

Construction

CONCRETE

Lot size

9.50 lot acres

Property size

117,500 SF

Zone code

CP/GCP

Property type

Office buildings

APN

123-06-039A

APU

12306039A

Description

This exceptional 116,858-square-foot Class A office building presents a unique owner-user opportunity. Located on a 9.5-acre lot at 4645 E Cotton Center Blvd, Phoenix, AZ 85040, this two-story building boasts a modern design with extensive renovations completed in 2017, including a new parking deck, roof replacement, and upgraded common areas. The property features a striking two-story lobby, ideal bay depths for maximum natural light, and ample parking (6.5 spaces per 1,000 sq ft), including 2.44 covered spaces per 1,000 sq ft. Currently 23% occupied, with an occupancy date of June 12, 2024, the building offers significant near-term income to offset costs. Modern amenities include several conference rooms, kitchens/breakrooms, and a training room. Its prime location on the Phoenix/Tempe border provides easy access to Tempe's workforce and benefits from proximity to major freeways (I-10, SR-143, and five others within a 10-minute radius), Sky Harbor Airport, and the Mill Avenue Entertainment District. The property is zoned CP/GCP (Commerce Park/General Commerce Park Option) and offers a multi-tenant configuration with two current tenants. Built in 2000, this meticulously maintained building represents a substantial investment opportunity, priced at $14,600,000 ($124.94/sq ft). Rent bumps are available.