CROSSPOINT

Description

Rare opportunity to acquire a +|-24.41-net-acre site currently improved with two, 4-story office buildings totaling +|-351,570 square feet of Net Rentable Area The site’s large rectangular parcel, coupled with its Commerce Park/Business Park (CP/BP-SP) zoning provide the ideal opportunity to unlock the site’s full potential and redevelop into an industrial business park with multiple structures. The recently renovated office building features flexible floor plates, a ±6/1,000 parking ratio, and onsite amenities, allowing an investor to lease the building while developing long-term plans. Located at the convergence of the I-17 and Loop 101, providing the site with ±1-mile freeway access, 1,285 feet of linear frontage along the Loop 101. As a result of the site's superb freeway connectivity, it has access to a population of over 2.55 million people within a 30-minute drive. A vibrant and varied community of key decision-makers stretches from Arrowhead Ranch in the west to North Scottsdale in the east, all anchored by a robust labor force to the south—making this area a dynamic nexus of opportunity and growth. Ideally located in the heart of the Deer Valley trade area, which is experiencing significant job and population growth fueled by Taiwan Semiconductor Manufacturing Company’s (TSMC) $65 billion wafer fabrication plants. Deer Valley has historically attracted national corporations due to its superb freeway access and dense surrounding labor pool. Corporate neighbors include PetSmart, Honeywell, USAA, Honeywell, Cox Communications, and Sunlit Chemicals, and Taiwan Semiconductor.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

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Property Details