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Biltmore Office Plaza 2942 N 24th St 18,919 SF 100% Leased Office Building Phoenix, AZ 85016 $4,402,029 CAD ($232.68 CAD/SF) 7.94% Cap Rate

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Investment Highlights

  • Sale Leaseback Offering
  • Three Percent (3%) Annual Increases
  • Immediate Access to Loop 202, I-10, & 51 Fwys
  • Seven (7) Year Term | NNN Lease Structure
  • Well Established Executive Office/Virtual Office Operator | In Operation Since 2006
  • Seller Can Alternatively Accommodate an Owner User

Executive Summary

SVN is pleased to present to the market this owner user or sale leaseback opportunity in Phoenix, AZ. The building is currently occupied by Plaza Executive Suites, an experienced operator of executive offices suites throughout the Phoenix MSA including virtual offices and meeting space. Plaza Executives has been in operation since 2006 and currently has five locations in north Scottsdale, Mesa, north Phoenix, and Old Town Scottsdale in addition to this location in the Biltmore area. Plaza Executive Suites is willing to enter into a seven (7) year leaseback upon close of escrow under an absolute triple net lease with three percent annual increases. Alternatively, if an owner user would prefer to occupy a portion or the entirety of the property, Plaza Executive Suites can vacate as needed.
Biltmore Office Plaza is well located in the Midtown submarket just north of Thomas Rd. fronting on the west side of 24th St. between Thomas Rd. and Osborn Rd. The property benefits from immediate access to major arteries and public transit, including proximity to the Loop 202, I-10 and 51 Freeways, making commuter trips efficient for both employees and clients. The surrounding area offers a dense mix of professional services, dining, and retail amenities that support the neighborhood’s pro-business orientation enhancing ongoing residential growth and a steady stream of tenants seeking functional, well-located office space. The property is centrally located relative to the broader Phoenix market with convenient access to the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport and the Tempe area.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
18,919 SF
Building Class
C
Year Built
1974
Price
$4,402,029 CAD
Price Per SF
$232.68 CAD
Cap Rate
7.94%
NOI
$349,521 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,459 SF
Building FAR
0.43
Lot Size
1.01 AC
Zoning
C-2, Phoenix - Commercial
Parking
63 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Conferencing Facility
  • Courtyard
  • Property Manager on Site
  • Air Conditioning
  • Balcony

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Affordable Plumbing Rooter & Water Heaters
  • Construction
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Alert Security Asset Protection a pour mission d'être le fournisseur de choix et l'employeur de choix en se concentrant sur les besoins des clients et des employés tels que des solutions de sécurité rentables, un service et un personnel de qualité, des solutions personnalisées, un salaire supérieur à la moyenne de l'industrie et une réponse rapide de la direction. Alert Security Asset Protection est une société de sécurité spécialisée dans les solutions de sécurité pour les entreprises de toutes tailles. Ils déploient toutes leurs ressources le plus près de leurs clients là où ils font le plus de bien. Leurs superviseurs seront formés pour gérer presque toutes les situations. Leur personnel de soutien sera visible et impliqué dans chaque site. Ils comprennent que nous sommes une entreprise axée sur les services et que la sécurité et le service vont de pair. Dans leur entreprise, les gens font vraiment la différence.

  • Beyond Transport
  • Transportation and Warehousing
  • -
  • -
  • -
  • Clear Skys Counseling
  • -
  • -
  • -
  • -
  • Digital Media LLC
  • -
  • -
  • -
  • -
  • Garage Door Solved
  • Retailer
  • -
  • -
  • -
  • Law Office DM Godley
  • -
  • -
  • -
  • -
  • Majestic Consulting Group, LLC
  • -
  • -
  • -
  • -
  • Services
  • -
  • -
  • -

Phoenix Glow est un studio de bronzage par pulvérisation personnalisé qui offre un bronzage par pulvérisation entièrement personnalisable adapté à vos préférences et à votre type de peau, effectué par un technicien de bronzage par pulvérisation certifié Master, et avec des solutions qui sont : • DHA biologique (certifié Eco-Cert) • 100 % végétalien (approuvé par la fondation PETA) • Fabriqué uniquement à partir d'ingrédients d'origine naturelle • Sans paraben, sans érythrulose et sans parfum

  • Real Estate
  • -
  • -
  • -

Plaza Executive Suites à Phoenix, en Arizona, offre la solution parfaite d'identité d'affaires avec toutes les commodités d'un environnement de bureau exclusif, y compris des salles de réunion, des salles de conférence et des salles de formation. Découvrez pourquoi tant de personnes considèrent leur établissement comme la principale source de services commerciaux rentables du centre-ville, que ce soit en utilisant leur salle de réunion, leur boîte aux lettres d'affaires ou les services de réponse téléphonique.

Tenant Industry SF Occupied Rent/SF Lease End
Affordable Plumbing Rooter & Water Heaters Construction - - -
Professional, Scientific, and Technical Services - - -
Beyond Transport Transportation and Warehousing - - -
Clear Skys Counseling - - - -
Digital Media LLC - - - -
Garage Door Solved Retailer - - -
Law Office DM Godley - - - -
Majestic Consulting Group, LLC - - - -
Services - - -
Real Estate - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 108B
  • 417 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Fl-Ste BL17
  • 200 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Fl-Ste BL18
  • 130 SF
  • Office
  • Spec Suite
  • Now
  • 2nd Fl-Ste BL23
  • 110 SF
  • Office
  • Spec Suite
  • Now

Fully furnished executive suite. Phone & Internet included.

Space Size Space Use Condition Available
1st Fl-Ste 108B 417 SF Office Full Build-Out Now
2nd Fl-Ste BL17 200 SF Office Full Build-Out Now
2nd Fl-Ste BL18 130 SF Office Spec Suite Now
2nd Fl-Ste BL23 110 SF Office Spec Suite Now

1st Fl-Ste 108B

Size
417 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste BL17

Size
200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste BL18

Size
130 SF
Space Use
Office
Condition
Spec Suite
Available
Now

2nd Fl-Ste BL23

Size
110 SF
Space Use
Office
Condition
Spec Suite
Available
Now

2nd Fl-Ste BL17

Size 200 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd Fl-Ste BL18

Size 130 SF
Space Use Office
Condition Spec Suite
Available Now

2nd Fl-Ste BL23

Size 110 SF
Space Use Office
Condition Spec Suite
Available Now

Fully furnished executive suite. Phone & Internet included.

Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
119-17-031
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$221,714 CAD
  • Listing ID: 39474121

  • Date on Market: 2026-02-18

  • Last Updated:

  • Address: 2942 N 24th St, Phoenix, AZ 85016

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