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7720 North 16th Street
Phoenix, AZ 85020
Asking Price
Contact for price
Asset Type
Executive Office Office
Class
Class B
What's Special
Rare Infill Phoenix Office Campus with Multiple Execution Paths <p><strong>INSTITUTIONAL-QUALITY OFFICE CAMPUS WITH SIGNIFICANT VALUE-ADD OPPORTUNITY</strong></p><p>The Summit is a ±290,904 square foot, two-building office campus situated on ±14.8 acres in the highly desirable Piestewa Peak Corridor of Phoenix. The property currently presents a compelling value-add opportunity with only 31% occupancy and approximately 5.0 years of weighted average lease term remaining.</p><p></p><p><strong>EXISTING CREDITWORTHY TENANCY WITH MEANINGFUL TENANT INVESTMENT</stro
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
