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1142 W Indian School Rd 6,300 SF Office Building Phoenix, AZ 85013 $4,466,944 CAD ($709.04 CAD/SF) 4.40% Cap Rate

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INVESTMENT HIGHLIGHTS

20,000 traffic count-1.7 miles from major I-17 freeway-less than 1 mile from Metro Trains-17 minutes from Sky Harbor

EXECUTIVE SUMMARY

After a decade of successfully operating this multiuse studio for music, podcasts, TV, video production, and events, the owner is considering retirement. Long-term contracts through 2026 with strong clients are in place and expected to more than double the current NOI. With no promotion or advertising, there’s significant untapped potential. The property and all equipment are owned outright, and current staff are available to stay or help with the transition. Projected NOI for 2025 is $135,000+, which at 4.4 times value equals $600,000, plus $330,000 in FF&E, along with a $2,270,000 bank appraisal on the real estate. The building can also be purchased separately from the business for $2,270,000, and short-term owner financing is available. Area rents support $135,000 NNN NOI which will equate to a 5.9 % Cap Rate at full price.
This facility has its own transformer and 1200 ampSES with 3 sub-panels which would easily supply electric for a data center, surgical center, dental medical offices, commercial catering, animal hospital, urgent care, printing shop or light manufacturing.
ALL REASONABLE OFFERS CONSIDERED!

Updated 1142 W Indian School Power Point

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual	-
Annual Per SF	-

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	-
Annual Per SF	-

Net Operating Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Office

Property Subtype

Office

Building Size

6,300 SF

Building Class

Year Built/Renovated

1969/2023

Price

$4,466,944 CAD

Price Per SF

$709.04 CAD

Cap Rate

4.40%

NOI

$196,546 CAD

Business Value

$837,552 CAD

Tenancy

Single

Building Height

1 Story

Typical Floor Size

6,300 SF

Building FAR

0.32

Lot Size

0.45 AC

Zoning

C-2 - Property is zoned C-2 with R5 multi residential potential supporting TOD 1 infill density for condos or apartments.

Parking

32 Spaces (5.08 Spaces per 1,000 SF Leased)

ABOUT 1142 W INDIAN SCHOOL RD , PHOENIX, AZ 85013

Multiuse Music, Pod Cast, TV ,Video Production, and event Studio. Includes 10 year successful business with assets, all equipmient (value $330,000), and real estate. Building has new roof, landscape, and resurfaced parking. The studios contain state of the art eqiuipment and have been meticulously maintained. Space includes a full stage with concert lighting for events, band practice, tour rehearsal and features a 16 x 8 foot 8K high resolution for any background imagniable. There are separate rooms for Pod Casts complete with 8K cameras and multi vibe lighting. This facility also features two separate studios each with their own control boards, amp rooms and vocal booths. Many famous acts have recorded here as this studio is LA and Nashville quality. Property is zoned C-2 with R5 potential supporting TOD 1 infill density for condos or apartments. The building can be bought without the business with short term owner financing. Located on a major street in central phoenix and close to airport, freeways and tram transportation.