5901 Indian School Rd Phoenix, AZ 85033

Property Details for 5901 Indian School Rd

Year built

1974

Lot size

0.61 lot acres

Property size

7,858 SF

Property type

Commercial real estate

APN

103-36-128B

Description

This Phoenix, Arizona office building presents a compelling value-add investment opportunity. Located at 5901 W Indian School Rd and 4040 N 59th Ave, this two-story, 7,858 square foot building sits on a 0.61-acre lot in Maricopa County (APN: 103-36-128B). Constructed in 1974, the property features block construction and a tile roof. Currently boasting 100% occupancy with a modified lease structure across multiple tenants, the building generates a pro-forma NOI of $123,211, representing a pro-forma cap rate of 0.80%. The asking price is $1,465,000. Interior renovations have been completed in most suites, attracting a range of professional tenants. The property's prime hard-corner location on a high-traffic intersection ensures excellent visibility and accessibility. This presents an immediate cash flow opportunity with significant upside potential through rent adjustments or future redevelopment, capitalizing on Phoenix's growing commercial real estate market. The current stabilized cash flow, combined with the potential for future repositioning and NOI enhancement, makes this an attractive investment for those seeking both immediate returns and long-term appreciation. The 100% occupancy is projected to continue until January 1, 2025.