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1427 N 3rd St.
Phoenix, AZ 85004
Asking Price
$2.94M
Asset Type
Traditional Office Office
Class
Class B
What's Special
Owner-User / Investor / Covered Land Opportunity | Downtown Phoenix <ul><li>Located within the Downtown Phoenix Market immediately adjacent the Midtown corridor</li><li>Flexible lease termination structures provide near-term operational flexibility and long-term redevelopment optionality</li><li>Opportunity for owner-users, investors, or developers seeking a covered land play in a rapidly evolving urban market</li><li>DTC-Townsend Park zoning allows for a variety of higher-density residential, mixed-use, office, and adaptive reuse concepts</li><li>Positione
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NOI
$80,000
Cap Rate
2.72%
DSCR
0.46
Underwater
Cash-on-Cash
-10.73%
Monthly Payment
$14,565.306
Annual Cash Flow
$-94,783.668
