702 E Osborn Rd

• Hard corner of 7th Street & Osborn Rd • Prominent Monument Signage on 7th Street • Close proximity and easy access to the SR-51, I-10, and SR-202 • Garage Parking & Additional Surface Lot • Across the street from Phoenix Country Club, and near countless amenities • Pride of Ownership - Updated Common Area Corridor, Spec Suites, and significant Capital Improvements recently added • Short Walk to Starbucks, Gadzooks, & Taco GuildLevRose Commercial Real Estate is pleased to present the opportunity to acquire 702 E. Osborn Road, a ±35,346 square foot, two-story office building located in the highly desirable Midtown Phoenix submarket. Situated directly across from Phoenix Country Club and prominently positioned along 7th Street, the property benefits from exceptional visibility, monument signage, and strong traffic counts. 702 E. Osborn Road presents a compelling opportunity for an owner-user seeking both control of occupancy costs and meaningful in-place income, or the rare chance for an investor to acquire a well-located, institutional-quality Midtown Phoenix office asset at a competitive basis relative to comparable sales and current market cap rates. Offered at $6,980,000, the ±35,346 SF two-story office building is currently 83% occupied generating $490,438 in annual Net Operating Income, providing immediate cash flow to help offset debt service and operating expenses. The property is anchored by CEA, Inc., occupying the entire 2nd floor (20,206 SF through July 2032), delivering long-term income stability and reducing rollover risk. With ±5,864 SF currently vacant, and near-term opportunity to occupy approximately +/-9,000 SF, an owner-user can immediately occupy space while maintaining strong rental income from the remaining tenants. Over time, future lease expirations create additional opportunities to expand occupancy organically as business needs grow. Rather than leasing 5,000–10,000 SF in Midtown Phoenix and building equity for a landlord, an owner-user can secure a prominent Midtown Phoenix address with monument signage and structured parking, stabilize their long-term occupancy costs, and benefit from appreciation and rental growth in one of the city’s most established office corridors. Ownership at this basis can often produce a similar or lower effective occupancy cost — while building equity instead of paying rent. For an investor, the combination of stable long-term tenancy, immediate lease-up potential, and mark-to-market rent growth provides both secure income and future appreciation. This offering is ideal for private investors seeking durable cash flow in a core infill location, 1031 exchange buyers targeting stable returns, or office owner-users seeking future occupancy flexibility.• Garage Parking & Additional Surface Lot Available! • Across the street from Phoenix Country Club • Short Walk to Starbucks, Gadzooks and Taco Guild • Monument Signage on 7th Street • Pride of Ownership-New Tenant Improvements Throughout