Biltmore Office Plaza Listing Details & Market Data

2942 N. 24th st, Phoenix, AZ 85016

  • For Sale $4,256,775
  • Property Type Office - General Office
  • Property Size 18,919 SF
  • Units 1
  • Parking Spaces Avail. 51
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1974
  • Year Renovated 2006
  • Date Updated Oct 15, 2023
The property is located in the Midtown submarket just north of Thomas Rd. fronting on the west side of 24th St. between Thomas Rd. and Osborn Rd. This is a major arterial commercial and high traffic corridor that consists of an abundance of office and retail properties. This highly desirable location is within close proximity to several freeways including I-10, I-17, SR-51, and Loop 202 and is only minutes from the high end Biltmore area and Arcadia submarkets which is continuously experiencing growth and redevelopment.SVN is pleased to present to the market this sale leaseback opportunity in Phoenix, AZ. The building is currently occupied by Plaza Executive Suites, an experienced operator of executive offices suites throughout the Phoenix MSA including virtual offices and meeting space. Plaza Executives has been in operation since 2006 and currently has five locations in north Scottsdale, Mesa, north Phoenix, and Old Town Scottsdale in addition to this location in the Biltmore area. In 2022, Plaza Executive Suites Ranked #7 in Ranking Arizona: Office Business Centers. Plaza Executive Suites is willing to enter into a seven (7) year leaseback upon close of escrow under a triple net lease with three percent annual increases.

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Attachments

Highlights

  • Sale Leaseback Offering - Seven (7) Year Term
  • NNN Lease Structure
  • Three Percent (3%) Annual Increases
  • Well Established Executive Office/Virtual Office Operator
  • In Operation Since 2006
  • Biltmore Location | Immediate Access to I-10 & Loop 202 Fwys
  • Minutes to Biltmore, Arcadia, and Central Phoenix
  • Abundance of Retail Amenities in Immediate Area

Contacts

broker

Justin Horwitz

SVN | Desert Commercial Advisors

(480) 425-5518

Location

Getting Around

  • Walk Score ®

    Very Walkable (77)

  • Transit Score ®

    Some Transit (41)

  • Bike Score ®

    Very Bikeable (77)
Powered by Walk Score ®
  • City Phoenix, AZ
  • Neighborhood Biltmore
  • Zip Code 85016
  • Market Phoenix

Points of Interest

  • 24th St/ Washington

    2.33 miles

  • 24th St/ Jefferson

    2.40 miles

  • Thomas/ Central Ave

    2.48 miles

  • Osborn/ Central Ave

    2.50 miles

  • Encanto/ Central Ave

    2.55 miles

  • Indian School/ Central Ave

    2.66 miles

  • McDowell/ Central Ave

    2.75 miles

  • 12th St/ Washington

    2.78 miles

  • 12th St/ Jefferson

    2.80 miles

  • Campbell/ Central Ave

    2.82 miles

  • QuikTrip

    0.17 miles

  • Circle K

    0.88 miles

  • Arco

    0.93 miles

  • Arco

    1.00 miles

  • 76

    1.03 miles

  • Shell

    1.06 miles

  • Circle K

    1.07 miles

  • Circle K

    1.08 miles

  • QuikTrip

    1.16 miles

  • Circle K

    1.29 miles

  • Thomas Garage West

    0.70 miles

  • Lot C Garage

    1.94 miles

  • Lot C

    2.46 miles

  • Lot D

    2.46 miles

  • Lot E

    2.46 miles

  • 4041 Central Plaza Garage

    2.52 miles

  • Park on Central Parking Garage

    2.54 miles

  • Church Parking

    2.56 miles

  • Museum Parking

    2.60 miles

  • Lot B

    2.61 miles

  • Carl's Jr.

    0.08 miles

  • Dunkin'

    0.09 miles

  • Jerry's

    0.15 miles

  • Olympic Gyros

    0.42 miles

  • Long Wongs Wings

    0.57 miles

  • Khyber Halal

    0.86 miles

  • Subway

    0.93 miles

  • Taco Bell

    0.93 miles

  • Jack in the Box

    0.93 miles

  • Pizza Hut

    0.95 miles

  • Machan School

    0.37 miles

  • Creighton School District Administration

    0.53 miles

  • Phoenix Christian Grade School

    0.57 miles

  • Saint Agnes School

    0.58 miles

  • Larry C. Kennedy School

    0.63 miles

  • Compass Center

    0.70 miles

  • Loma Linda School

    0.79 miles

  • St. Agnes Catholic School

    0.94 miles

  • Starshine Academy

    0.96 miles

  • Sage K-8 Charter School

    1.02 miles

  • Today’s Tomorrow Learning Center

    1.06 miles

  • Tutor Time

    2.30 miles

  • Biltmore Bible Day Care Center

    2.30 miles

  • Tutor Time

    3.09 miles

  • Robins Nest Child Care

    6.02 miles

  • A Nannies

    6.95 miles

  • Kiddie Kampus

    7.06 miles

  • Little Rascals Learning Center

    8.02 miles

  • Little Rascals Learning Center

    8.24 miles

  • Sunrise Preschool

    8.36 miles

Contact Listing Broker

broker

Justin Horwitz

SVN | Desert Commercial Advisors

(480) 425-5518