$9,245,000
4400 E Thomas Rd
Roosevelt Row · Phoenix, AZ 85012
$201/sq ft64 days on market1.7K views132 saves
Key facts
- Interior
- 45,920 sq ft
- Lot
- 2.39 acres
- Year built
- 1976
- Property type
- Office
- Price / sq ft
- $201/sq ft
- Annual taxes
- $57,320
- Days on market
- 64
Getting around
Walker's Paradise
Good Transit
Very Bikeable
About this property
Rarely available Roosevelt Row office building offered free and clear. Dedicated HVAC is the differentiator in this submarket — very little competing product has it.
Investment summary
Investment summary
Cap rate
8.00%
Net operating income ÷ price
Net operating income
$739,600
Annual, after operating expenses
Cash-on-cash
+7.3%
$203,052 annual cash flow on $2,773,500 equity
37,195 sq ft leased of 45,920 sq ft
- Tenants
- 5
- Rentable area
- 45,920 sq ft
- Price / sq ft
- $201/sq ft
- WALE
- 9.3 yrs
- Lease type
- Full Service
- Building class
- Class B
- Zoning
- C-3
- Parking
- 135 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $536,548 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Dedicated HVAC
Parking & Access
- Structured Parking
Highlights
- Conference Center
- Fiber Connectivity
- Build-to-Suit Ready
- Below-Market Rents
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2022-02-15 | Sold | $7,250,000 |
| 2026-05-22 | Listed | $9,245,000 |
Location
Roosevelt Row, Phoenix — Maricopa County
Approximate location · Roosevelt Row
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Estimated monthly
$53,736/mo
- Principal & interest86%$46,262
- Property tax9%$4,777
- Home insurance5%$2,697
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $7,396,000 · 30 yr · 6.40%