9630 North 25th Avenue, Arizona,
Phoenix, AZ

Northgate Real Estate Group is pleased to present the opportunity to purchase 9630 N 25th Avenue, a four-story, ±117k SF office building in bankruptcy.

Property Snapshot

Northgate Real Estate Group is pleased to present the opportunity to purchase 9630 N 25th Avenue, a four-story, ±117k SF office building in bankruptcy. The asset is located in the heart of Phoenix, Arizona and presents a unique opportunity to a wide range of investors and developers, particularly due to its vacant status. At well below replacement cost, the existing structure lends itself as a desirable value add investment opportunity.

Initial plans had entitlement processes underway to convert/redevelop the site for a new multifamily project. As is, the existing zoning of A-1 combined with record high demand for flex office and warehouse space in Phoenix creates potential for a new industrial development.

The property is situated within an Opportunity Zone in immediate proximity to the I-17 Freeway along the newly expanded Light Rail with multiple stops within walking distance of the subject site. The Light Rail provides access to the Metro-center Mall which is currently undergoing a full redevelopment, driving additional developments and demand to an area that has already seen an influx of new retailers.

• Four-story, ±117k SF office complex situated on ±6.43 AC of land
• Building is currently 100% vacant
• Initial plans had entitlement processes underway to convert/redevelop the site for a new multifamily project
• As is, the existing zoning of A-1 combined with record high demand for flex office and warehouse space in Phoenix creates potential for a new industrial development.
• Close proximity to the newly constructed Valley Metro light rail expansion, the I-17 Freeway and Metro-center Mall redevelopment
• With immediate proximity to the I-17, the subject property is within short drive to the entire Phoenix MSA including Phoenix Sky Harbor Airport, Downtown Phoenix, and the new TSMC facility being constructed in North Phoenix