Description
Whispering Wind Corporate Center is a 74,520-square-foot Class A office property located at 2205 & 2225 W Whispering Wind Drive in Phoenix, Arizona. Built in 2007 and situated on 4.73 acres, the two-story asset features efficient 38,308-square-foot floor plates, a 4.5 per 1,000 parking ratio with 340 spaces, and modern construction standards.
The property is fully leased, providing investors with stable cash flow, and benefits from in-place rents of $24 per square foot, approximately 5.6% below the market average of $26 per square foot, presenting potential upside through lease renewals...
Documents
Offering Summary
- Asking Price$17,100,000
- Price PSF$229
- Price/Acre$3,616,719
- Property TypeOffice
- Size74,520 SF
- Occupancy100%
- Built2007
- Parking340
- Total Acres~4.73 ac
Sale Details
- Walt5.40 Years
- Cap Rate6.76%
- NOI$1,155,877
- Stabilized Cap Rate7.47%
- Stabilized NOI$1,277,428
- In-Place Cap Rate6.76%
- In-Place NOI$1,155,877
- In-Place Rents24
- Market Rents26
- Rents Below Market5.60%
Documents
Property Address
Property Details
- Property TypeOffice
- Square Feet74,520 SF
- Occupancy100%
- Building ClassA
- Year Built2007
- Stories2
- Floor Plates (SF)38,308 SF
- Parking Ratio4.5 per 1,000
- Total Parking340
- TenancyMulti
- Operating Expenses ($/SF/yr)10.30 $/SF/yr
- Lease TypeFull-Service Gross
- ZoningA-1 (Light Industrial – City of Phoenix)
- APN210-05-048
- Ownership InterestFee Simple
- Acres4.73
Property Details
Deal Team
Description
Whispering Wind Corporate Center is a 74,520-square-foot Class A office property located at 2205 & 2225 W Whispering Wind Drive in Phoenix, Arizona. Built in 2007 and situated on 4.73 acres, the two-story asset features efficient 38,308-square-foot floor plates, a 4.5 per 1,000 parking ratio with 340 spaces, and modern construction standards.
The property is fully leased, providing investors with stable cash flow, and benefits from in-place rents of $24 per square foot, approximately 5.6% below the market average of $26 per square foot, presenting potential upside through lease renewals...
Documents
Offering Summary
- Asking Price$17,100,000
- Price PSF$229
- Price/Acre$3,616,719
- Property TypeOffice
- Size74,520 SF
- Occupancy100%
- Built2007
- Parking340
- Total Acres~4.73 ac
Sale Details
- Walt5.40 Years
- Cap Rate6.76%
- NOI$1,155,877
- Stabilized Cap Rate7.47%
- Stabilized NOI$1,277,428
- In-Place Cap Rate6.76%
- In-Place NOI$1,155,877
- In-Place Rents24
- Market Rents26
- Rents Below Market5.60%
Documents
Property Address
Property Details
- Property TypeOffice
- Square Feet74,520 SF
- Occupancy100%
- Building ClassA
- Year Built2007
- Stories2
- Floor Plates (SF)38,308 SF
- Parking Ratio4.5 per 1,000
- Total Parking340
- TenancyMulti
- Operating Expenses ($/SF/yr)10.30 $/SF/yr
- Lease TypeFull-Service Gross
- ZoningA-1 (Light Industrial – City of Phoenix)
- APN210-05-048
- Ownership InterestFee Simple
- Acres4.73
Property Details
Deal Team
