In Escrow
20 E Thomas
20 E Thomas Road, Phoenix, AZ 85012 United States
Building Size
548,938 SF
Building Size
548,938 SF
OVERVIEW
- Prime 25-story office property totaling ±548,938 SF and additional asphalt parking lot (not contiguous).
- Lender-owned, value-add opportunity with limitless potential.
- ±21% leased, creating a ‘blank slate’ opportunity to renovate, reposition, or convert to alternative uses.
- Low basis potential, enabling the building to be highly competitive.
- Flexible floor plates with varying bay depths ideal in accommodating both large and small tenants.
- Large tenants being priced out of adjacent submarkets are actively touring the subject submarket.
- Small tenants have been wildly active in the submarket leasing 605,000 SF within a one-mile radius in 184 lease transactions averaging 3,290 SF.
- Superstructure conducive to residential conversion.
- Substantial infrastructure including semi-truck accessible shipping/receiving level, dock-high loading, and separate substation power feeds.
- Situated within the prestigious 10.5-acre Phoenix Plaza mixed-used development containing class A office, retail, fitness and conference center amenities, an Embassy Suites, and an 11-story parking garage.
- Adjacent to Park Central Mall—a 46-acre, mixed-use redevelopment project that serves as the area’s primary amenity hub.
- True transit-oriented location within walking distance to the Metro light rail, three (3) different freeways within 1.5-miles, and a short commute to Sky Harbor Airport.
- In the heart of Phoenix’s thriving healthcare and bioscience hubs.
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Details
- Building Size:
- 548,938 SF
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