Description

SVN is pleased to present to the market for sale The Citadel, an approximately 12,502 SF office building in the heart of Midtown Phoenix. The property features three levels with a below grade parking garage and two levels of newly renovated high end office space, all served with elevator accessibility. The building is currently fully occupied by the Seller with flexibility to fully vacate upon close of escrow or downsize and leaseback a portion of the building. Thus, there is the potential for an owner user to purchase an occupy anywhere from 1,583 SF to 8,247 SF of the property while driving rental income in the remainder of the building. In 2018, the building was fully renovated including a new roof, replacements of multiple AC units and extremely high end upgrades to the entire interior of the property making this a tremendous opportunity for an owner user wanting an upscale plug and play opportunity. Since then, the current owner has continued the exceptional maintenance of the property.

The subject property is located in the heart of Midtown Phoenix just south of 3rd St. and Thomas Rd. This location offers convenient access to both the 51 and I-10 freeways and is walking distance to the Central Corridor and the Metro Light Rail. Its close proximity to Downtown Phoenix combined with a waive of new developments to the immediate area results in an abundance of amenities including bars and restaurants as well as retail centers such as the fully improved Park Central Mall.

Justin Horwitz, SIOR (480-220-2674, justin.horwitz@svn.com) and Richard "Ricky" Lewis Jr. (602-327-0064, richard.lewis@svn.com) of SVN | Desert Commercial Advisors represent this listing.