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1405 North 1st Street
Phoenix, AZ 85004
Asking Price
$3.33M
Asset Type
Traditional Office Office
Class
Class B
What's Special
DOWNTOWN PHX REDEVELOPMENT OPPORTUNITY - OVERLAY ZONING | 7,450 SqFt <ul><li>±0.64 acre infill redevelopment opportunity</li><li>Four parcels totaling ±27,822 SF</li><li>Existing ±7,450 SF office building</li><li>DTC-TWNPK overlay zoning designation</li><li>Up to 90' allowable building height and 125 dwelling units per acre</li></ul>
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NOI
$80,000
Cap Rate
2.40%
DSCR
0.40
Underwater
Cash-on-Cash
-11.78%
Monthly Payment
$16,475.023
Annual Cash Flow
$-117,700.277
