350-001 70-411 MB2-700 400-101 MB2-702 70-410 MB2-703 200-120 70-461 C_TADM51_731 70-462 EX300 VCP-550 70-480 C_TAW12_731 70-484 70-498 70-646 98-361 98-366 A30-327 C_BOE_30 C_TSCM42_66 C2010-597 C2020-632 C2020-701 C2020-703 C2040-408 C2040-988 C2070-581 C2150-195 C2160-667 C2180-274 C4040-226 C4090-453 CAS-001 CSSLP C-TERP10-60 E20-018 E20-918 JN0-360 MSC-321 P2080-088 PC0-001 PEGACSA-v6.2 3I0-012 500-051 640-875 640-916 642-427 642-647 642-691 650-663 700-037 70-247

Multi-Tenant Office Property – Foothills Center

Property Highlights

  • Ask Price – $5,350,000
  • 41,204 SF Class B office space
  • Currently 97% Occupied
  • Year 1 Projected CAP – 8.10%
  • Highly Desirable Ahwatukee Location

Description

This offering consists of a highly desirable 41,204 SF multi tenant Class B office building. The property is all but full at 97% occupancy while still leaving value add opportunity as the Ahwatukee market begins to stabilize and market rents continue to increase. Foothills Center comfortably parks at a 4:1,000 SF parking ratio and offers desirable monument signage visible from Ray Rd, one of the main thoroughfares through the community. The property is in very good condition with no deferred maintenance and has been extremely well managed and maintained under the current ownership.

For More Information

Date: June 1, 2017