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2101 W PEORIA AVE | PHOENIX, AZ±62,771 SF CONTIGUOUSBLACK CANYON
C O M M E R C E P A R K
CAPITAL MARKETS | INSTITUTIONAL PROPERTIES
INVESTOR / USER OPPORTUNITY
Value Add/Owner-User Investment Sale Opportunity
Address: 2101 West Peoria Avenue
Year Built: 1999
Rentable Building Area: ±62,771 SF
Land Area: ±6.13 Acres (266,936 SF)
Parking Ratio: ±6.9 per 1,000 SF
Zoning : A-1, City of Phoenix
Offering Price: Submit
PROPERTY OVERVIEW
CBRE, as exclusive advisor, is pleased to present 2101 West Peoria Avenue at Black Canyon Commerce Park, Building A, (“the Property”) a freestanding, unoccupied, single-story, office building totaling ±62,771 rentable square feet on ±6.13 acres. The Property offers abundant glass lines, exterior loaded entries, building signage opportunities, mature landscaping, direct access to mass transit, and an outstanding parking ratio of ±6.9 per 1,000 SF, some of which is covered canopy. The building is centrally located approximately 1/2 mile east of the full-diamond I-17 Freeway interchange at Peoria Avenue and approximately one mile east of several shopping and dining options including the ±1.4 million square foot Metrocenter Mall. The offering provides a value-add/owner-user opportunity to purchase an unoccupied Class A office building, free and clear of debt, with leasing upside, and priced substantially below replacement cost.
THE OFFERING
CBRE, as exclusive advisor, is pleased to present 2101 West Peoria Avenue at Black Canyon Commerce Park, Building A, (“the Property”) a freestanding, unoccupied, single-story, office building totaling ±62,771 rentable square feet on ±6.13 acres. The Property offers abundant glass lines, exterior loaded entries, building signage opportunities, mature landscaping, direct access to mass transit, and an outstanding parking ratio of ±6.9 per 1,000 SF, some of which is covered canopy. The building is centrally located approximately 1/2 mile east of the full-diamond I-17 Freeway interchange at Peoria Avenue and approximately one mile east of several shopping and dining options including the ±1.4 million square foot Metrocenter Mall. The offering provides a value-add/owner-user opportunity to purchase an unoccupied Class A office building, free and clear of debt, with leasing upside, and priced substantially below replacement cost.
PEORIA AVENUE
19TH AVENUE
23R
D A
VE
NU
E
Located approximately 1/2 mile from the full-diamond interchange at Peoria and the I-17 Freeway; the building is able to reach ±2.6 million people (±60% of Maricopa County) within a 40-minute drive time, attracting employees from all across metropolitan Phoenix.
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SHAW BUTTE
DESERT CANYON BUSINESS PARK
GATEWAYCORPORATE PARK
ROSE MOFFORD SPORTS COMPLEX
METROCENTER MALL
DESERT CANYON BUSINESS PARK
Prime Area for Large Employers: The I-17 Corridor is a preferred location for large corporate users, including USAA, Cigna, Matrix Absence Management, Blue Cross/Blue Shield, Discover, Waste Management, American Express, Wells Fargo, Safeway, TriWest Healthcare Alliance, Honeywell, Farmers Insurance, PetsMart and Best Western.
Amenity-Rich Location: Surrounded by numerous shopping and dining options, including Metrocenter Mall – a ±1.4 million square foot regional mall that has over 125 specialty retailers and a variety of restaurants. There are 10 hotel options available within one mile from the Property, including the 342-room Sheraton Crescent Hotel.
Expansive Site Area with Abundant Parking Field: The Property is positioned on ±6.13 acres with a desirable ±6.9 per 1,000 SF parking ratio, some of which are covered canopy parking spaces.
High Quality Improvements: The Property offers tenant building and monument signage, attractive painted tilt-concrete construction, reflective tinted glass (some of which is full height), excellent finished ceiling height, after hours card access, T-8 lighting, and a well-maintained roofing system.
INVESTMENT HIGHLIGHTS
RESTAURANT SUPPLY
PA P E R
High School
Mall
High School
NationalNational
Mall
23rd
Ave
31st
Ave
Cholla St
Desert Cove Rd
19th
Ave
Dunlap Ave
Peoria Ave
Thunderbird Rd
Sweetwater Ave
Cactus Rd
Butler Dr
Northern Ave
RESTAURANT SUPPLY
PA P E R
h hHigHigHigHHigHiHiHiHHHigh Sh Shh Sh Sh SS Sh Sh Sh Sh Sh S hchochochochochchochochochochooooooloigh SchooHigh School
onatiiNational
Mall
31st
Ave
Cholla St
Dunlap Ave
Peoria Ave
Butler Dr
Northern Ave
17INTERSTATE
17INTERSTATE
Prime Area for Large Employers: The I-17 Corridor is a preferred location for large corporate users, including USAA, Cigna, Matrix Absence Management, Blue Cross/Blue Shield, Discover, Waste Management, American Express, Wells Fargo, Safeway, TriWest Healthcare Alliance, Honeywell, Farmers Insurance, PetsMart and Best Western.
Amenity-Rich Location: Surrounded by numerous shopping and dining options, including Metrocenter Mall – a ±1.4 million square foot regional mall that has over 125 specialty retailers and a variety of restaurants. There are 10 hotel options available within one mile from the Property, including the 342-room Sheraton Crescent Hotel.
Expansive Site Area with Abundant Parking Field: The Property is positioned on ±6.13 acres with a desirable ±6.9 per 1,000 SF parking ratio, some of which are covered canopy parking spaces.
High Quality Improvements: The Property offers tenant building and monument signage, attractive painted tilt-concrete construction, reflective tinted glass (some of which is full height), excellent finished ceiling height, after hours card access, T-8 lighting, and a well-maintained roofing system.
RESTAURANT SUPPLY
PA P E R
High School
Mall
High School
NationalNational
Mall
23rd
Ave
31st
Ave
Cholla St
Desert Cove Rd
19th
Ave
Dunlap Ave
Peoria Ave
Thunderbird Rd
Sweetwater Ave
Cactus Rd
Butler Dr
Northern Ave
RESTAURANT SUPPLY
PA P E R
h hHigHigHigHHigHiHiHiHHHigh Sh Shh Sh Sh SS Sh Sh Sh Sh Sh S hchochochochochchochochochochooooooloigh SchooHigh School
onatiiNational
Mall
31st
Ave
Cholla St
Dunlap Ave
Peoria Ave
Butler Dr
Northern Ave
17INTERSTATE
17INTERSTATE
FLOOR PLAN
1. Potential Lobby
2. Break Room
3. Potential Loading
4. Telco
5. IT
6. Hot Water
7. Conference Room
8. Janitor
9. SES
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AV
EN
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21S
T A
VE
NU
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PEORIA AVENUE
2133
2225
2101
N OT TO S C A L EN
SITE PLANnot to scale
2101
100% Leased Single-Tenant Office Building
Two-Story, Multi-Tenant Office Building
ASHLEY BROOKS Senior Vice President+1 602 735 [email protected]
BARRY GABELExecutive Vice President+1 602 735 [email protected]
CHRIS MARCHILDONSenior Associate+1 602 735 [email protected]
INVESTMENT SALE CONTACTS LEASING CONTACT
© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
2101 W PEORIA AVE | PHOENIX, AZ±62,771 SF CONTIGUOUSBLACK CANYON
C O M M E R C E P A R KINVESTOR / USER OPPORTUNITY
