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Cotton Corporate Center 4645 E Cotton Center Blvd

116,858 SF Vacant 4-Star Office Building Phoenix, AZ 85040 $20,533,439 CAD ($176 CAD/SF)

Investment Highlights

  • Located along the Phoenix/Tempe border
  • Near immediate proximity to Sky Harbor Airport
  • Within 3-mile proximity to the Mill Avenue Entertainment District

Executive Summary

• 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.

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
116,858 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2000/2017
Price
$20,533,439 CAD
Price Per SF
$176 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
58,429 SF
Slab To Slab
12’
Building FAR
0.28
Land Acres
9.50 AC
Zoning
CP/GCP - commerce park
Parking
188 Spaces (7 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Fitness Center
  • Property Manager on Site
  • Signage
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 105
  • 25,814 SF
  • Office
  • Full Build-Out
  • Now

Clean white box condition with new drop-ceilings, LED lights, plumbing electric, etc. in place

  • 1st Fl-Ste 110
  • 4,724 SF
  • Office
  • Full Build-Out
  • Now

Clean white box condition with new drop-ceilings, LED lights, plumbing electric, etc. in place

  • 2nd Floor
  • 19,995 SF
  • Office
  • Full Build-Out
  • Now

Clean white box condition with new drop-ceilings, LED lights, plumbing electric, etc. in place

  • 2nd Floor
  • 39,225 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 105 25,814 SF Office Full Build-Out Now
1st Fl-Ste 110 4,724 SF Office Full Build-Out Now
2nd Floor 19,995 SF Office Full Build-Out Now
2nd Floor 39,225 SF Office Full Build-Out Now

1st Fl-Ste 105

Size
25,814 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 110

Size
4,724 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
19,995 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
39,225 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 105

Size 25,814 SF
Space Use Office
Condition Full Build-Out
Available Now

Clean white box condition with new drop-ceilings, LED lights, plumbing electric, etc. in place

1st Fl-Ste 110

Size 4,724 SF
Space Use Office
Condition Full Build-Out
Available Now

Clean white box condition with new drop-ceilings, LED lights, plumbing electric, etc. in place

2nd Floor

Size 19,995 SF
Space Use Office
Condition Full Build-Out
Available Now

Clean white box condition with new drop-ceilings, LED lights, plumbing electric, etc. in place

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
123-06-039A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,027,933 CAD
  • Listing ID: 32124589

  • Date on Market: 2024-06-13

  • Last Updated:

  • Address: 4645 E Cotton Center Blvd, Phoenix, AZ 85040

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