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June 17, 2024
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AZ Office Property Gets New Owner in $5.4 Mil Deal

5/17/24

A Class A, two-story 31.4k sf office building in Glendale, AZ sold for $5.375 mil ($171/sf). The freestanding building was vacant at time of sale.

Located at 5656 W Talavi Blvd, the property is situated in a dense urban infill location within just a few miles of Loop 101, providing convenient access to the entire valley’s freeway system plus a significant population base in proximity. The property is also surrounded by an abundance of amenities including nearby shopping centers such as Arrowhead Towne Center, P83 Entertainment District, and Deer Valley Towne Center.

Eric Wichterman, Mike Coover and Alexandra Loye with Cushman & Wakefield, in collaboration with John Pierson of JLL, represented the seller, Arizona Dental Insurance Service Inc d.b.a. Delta Dental of Arizona.

“This high-quality office property presented a unique opportunity for an owner/user to acquire a mid-size office building featuring modern architecture, a highly appealing and efficient floor plan, high-end finishes and furniture in place that enabled the building to essentially be move in ready,” said Wichterman.

According to Coover, the building was exclusively built for Delta Dental in 2007 and features a full ground-floor kitchen, substantial seating area, outdoor patio, several conference rooms, perimeter offices, a board room with a private kitchen and storage room, executive suites, and a balcony on the second floor.




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