Cotton Corporate Center
116,858 SF | Vacant | 4-Star Office Building | Phoenix, AZ 85040 | $14,600,000 ($125/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $14,600,000
- Property Type
-
Office
- Square Feet
- 116,858 SF
- Price / Square Foot
- $125
Listing Contacts
Eric Wichterman
Verified Profile
Christopher Toci
Verified Profile
Michael Coover
Verified Profile
Stephanie Adams
Verified Profile
Diana Hernandez
Verified Profile
- Property Info
Property Overview
• Two-story, institutional-quality office building totaling ±116,858 square feet (SF) and parking deck.
• Current ownership has invested $9.4 million in renovations and capital improvements since 2015. Improvements include a new parking deck, roof replacement, common area restrooms, elevator upgrades, parking lot reseal and stripe, HVAC replacements, and substantial tenant improvements.
• High-quality concrete tilt-panel construction finished with glass curtain walls, decorative block accents, and metal canopies.
• Features an attractive two-story lobby consisting of wood and metal finishes, modern decorative light fixtures, and a large feature staircase.
• Modern “plug & play” amenities, including several conference rooms, kitchens/break rooms, and a training room, allow for the space to be fully-utilized with effectively no downtime.
• Floor plates of ideal bay depth to support extensive glass line and views throughout.
• Adjacent 358-space parking deck and surface spaces achieve an abundant parking ratio of 6.5/1,000 and the covered parking ratio to 2.44/1,000.
• Significant near-term in-place income to support carry costs during planning and construction of owner-occupier suite.
• Ideally located in the heart of the Valley’s transportation hub near the I-10, and SR-143. In total, 7 different freeways lie within 10-minutes of the property.
• Near immediate proximity to Sky Harbor Airport.
• Location along the Phoenix/Tempe border allows beneficial exposure to Tempe’s educated workforce.
• Within 3-mile proximity to the Mill Avenue Entertainment District, a 24/7 live-work-play urban hot-spot known for its extraordinary amenities and anchored by Arizona State University, the nation’s largest university.
• Current ownership has invested $9.4 million in renovations and capital improvements since 2015. Improvements include a new parking deck, roof replacement, common area restrooms, elevator upgrades, parking lot reseal and stripe, HVAC replacements, and substantial tenant improvements.
• High-quality concrete tilt-panel construction finished with glass curtain walls, decorative block accents, and metal canopies.
• Features an attractive two-story lobby consisting of wood and metal finishes, modern decorative light fixtures, and a large feature staircase.
• Modern “plug & play” amenities, including several conference rooms, kitchens/break rooms, and a training room, allow for the space to be fully-utilized with effectively no downtime.
• Floor plates of ideal bay depth to support extensive glass line and views throughout.
• Adjacent 358-space parking deck and surface spaces achieve an abundant parking ratio of 6.5/1,000 and the covered parking ratio to 2.44/1,000.
• Significant near-term in-place income to support carry costs during planning and construction of owner-occupier suite.
• Ideally located in the heart of the Valley’s transportation hub near the I-10, and SR-143. In total, 7 different freeways lie within 10-minutes of the property.
• Near immediate proximity to Sky Harbor Airport.
• Location along the Phoenix/Tempe border allows beneficial exposure to Tempe’s educated workforce.
• Within 3-mile proximity to the Mill Avenue Entertainment District, a 24/7 live-work-play urban hot-spot known for its extraordinary amenities and anchored by Arizona State University, the nation’s largest university.
Property Details
- Class
- B
- Year Built/Renovated
- 2000/2017
- Stories
- 2
- Lot Size (sq. ft)
- 413,820 SF
Highlights
- Located along the Phoenix/Tempe border
- Within 3-mile proximity to the Mill Avenue Entertainment District
- Near immediate proximity to Sky Harbor Airport
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].