Arizona Commercial Real Estate.

Providing commercial property real estate in the Phoenix Metro Area. Covering commercial real estate for retail, multi-family, industrial in Anthem, Buckeye, Carefree, Cave Creek, Chandler, Fountain Hills, Gilbert, Glendale, Mesa, Paradise Valley, Peoria, Scottsdale, Sun City, Surprise and Tempe.

Phoenix Commercial Property

Full and FREE access to Arizona MLS Listings of commercial property in: Phoenix, Scottsdale, Paradise Valley, Cave Creek, Carefree, Sun City, Peoria, Glendale, Surprise, Buckeye, Avondale, Tempe, Chandler, and Mesa, Arizona.

NOTE: I can provide more updated and detail information that is not viewable for free through MLS due to the nature of commercial property offerings and details of properties values. Contact me today so I can provide you with the latest details and listings of available commercial real-estate in the Phoenix metro area

Bette Zerba - GRI, Realtor
RE/MAX Desert Showcase - Multi-Million Dollar Producer
14155 N. 83rd Ave
Peoria AZ
bettezerba@cox.net
Mobil: 602-791-1766
bettezerba.com
freephoenixmls.com
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New Phoenix Commercial, Multi-Dwelling, Land/Lots Listings
2803488 ER Active / Multiple Dwellings LP: $229,000 2020 N 26th PL Phoenix Turn key and ready to go! All the money has already been spent on rehabbing the property for the new owner. New paint, flooring, baths, landscaping, etc, etc. Located in an area of renovation, this 3 plex is ideal for anyone who is looking for a solid long term investment. Rents are high but still have some room for improvement. Tenants are happy and long term. This one is priced to sell!! Contact Bette Zerba for more info: 602-791-1766

2747168 ER Active/Multiple Dwellings LP: $225,000 454 S Stapley DR Mesa JUST REDUCED PRICE!!!!!VERY STRONG RENTS WITH LONG TERM TENANTS!! RECENT EXTERIOR PAINT ON BUILDINGS, FENCES AND PARKING STRUCTURES GIVE THIS TRIPLEX EXCELLENT CURB APPEAL. UPGRADED LARGE UNITS WITH PRIVATE YARDS, NEWER CARPET AND TILE HELP KEEP THE TENANTS VERY HAPPY. THE STUDIO WAS JUST GONE THROUGH COMPLETELY AND LOOKS BRAND NEW. THIS IS A STAND OUT PROPERTY IN A DESIRABLE MESA LOCATION PRICED TO SELL QUICKLY! Must sell together with 450 S Stalpey. Contact Bette Zerba for more info: 602-791-1766

2775116 EA Active/Multiple Dwellings LP: $189,900 450 S Stapley DR Mesa. PRICE JUST DROPPED FOR QUICK SALE!!!!!!VERY STRONG RENTS WITH LONG TERM TENANTS!! RECENT EXTERIOR PAINT ON BUILDINGS, FENCES AND PARKING STRUCTURES GIVE THIS TRIPLEX EXCELLENT CURB APPEAL. UPGRADED LARGE UNITS WITH PRIVATE YARDS, NEWER CARPET AND TILE HELP KEEP THE TENANTS VERY HAPPY. THIS IS A STAND OUT PROPERTY IN A DESIRABLE MESA LOCATION PRICED TO SELL QUICKLY! Seller would like to sell together with property next door Contact Bette Zerba for more info: 602-791-1766

2802092 ER Active/Multiple Dwellings LP: $154,900 219 S 2nd ST Avondale NEWLY REHABBED DUPLEX IN HISTORIC AVONDALE!!!!Owner has put thousands of dollars in bringing this property up to par. New cabinets and countertops were added, plumbing replaced, bathrooms remodeled, inside and outside repainted, new trim, landscaping redone, etc. The rent was raised to $500/month when remodel was done and the tenants didn't even blink! They LOVE their new home and are very happy. Now is the time to buy! Contact Bette Zerba for more info: 602-791-1766

2753571 ER Active/Land & Lots LP: $399,000 28851 N 71st AVE Peoria Truly some of the most gorgeous views out there. This lot has one of the highest elevations in Sonoran Mountain so you have a breath taking view from any direction. This is the dream lot for your dream home. I purchased this property to build a dream home for my family but financial stress is forcing me to let it go. I am in love with this land but I can't afford it anymore. If you spent just one sunset up here you would see what I mean. Contact Bette Zerba for more info: 602-791-1766

6954 W Dale LN Peoria 2783344 Residential LP: $549,900 MILLION DOLLAR VIEWS!! That's exactly what you get with this 5 br/3.5 bath masterpiece. Situated on one of the highest and biggest lots, you get views usually reserved for seven figure homes! Now take into account the 18' diagonal cut travertine floors, upgraded carpet and pad, granite counter tops, upgraded cabinets, split 3 car garage with epoxy flooring, plantation shutters elaborate front landscaping, grass in the rear, huge laundry/workshop,i n-laws suit etc.The list goes on and on. I believe this is one of the nicest homes in Sonoran Mountain. Come see for yourself. Contact Bette Zerba for more info: 602-791-1766
Phoenix commercial sector sizzling The Arizona Republic Article -2006 Home The Phoenix Valley's commercial real estate market is expected to charge ahead this year despite rising land and construction costs. Lower Phoenix area commercial vacancy rates and higher rents seen in 2005 will continue this year, predicted CB Richard Ellis, a real estate services firm, which released its annual forecast Thursday to clients. The high-level of Phoenix commercial activity should continue to attract strong institutional investors, such as pension funds, real estate investment trusts and others even as they become more cognizant of rising interest rates and escalating building costs.

The Phoenix commercial property forecast covered industrial, office, retail and multifamily.

"There is so much money out there today that I don't see a significant change in the real estate investment vehicle," said Greg Coxon, a senior managing director at CB Richard Ellis.

Phoenix Commercial real estate activity is considered an indicator of the nation's economic health and has strong implications for the Phoenix economy, including the robust housing industry.

Essentially, the predictions portray the Phoenix Valley as one of the hottest regions in the nation for commercial real estate and, hence, investor activity. Although some cooling in land prices may occur in certain areas, the population and job growth will propel most, if not all, sectors.

Other overarching trends will be continued infill development, increased building costs, interest-rate creep and continued fringe development.

Below are the Phoenix commercial property forecast by sector:

Phoenix Commercial Property - Office

Vacancies will drop to around 11.5 percent by year's end, down from 12.6 percent at the end of last year. That's a dramatic drop from 2004's vacancy rate of above 16 percent.

"I don't ever remember that kind of shrinkage in one year," said Pete Bolton, a senior managing director at CB Richard Ellis.

The Scottsdale submarket will continue to have the lowest vacancy rates, with Class A office in high demand. But downtown Phoenix and the Camelback Corridor will also have low vacancy rates while the midtown Phoenix market recovery will continue. Midtown Phoenix office vacancy is expected to finish the year at 14 percent, a marked improvement from the 23.4 percent experienced in 2004...

Phoenix Multifamily Commercial Property

Apartment occupancy rates could reach 96 percent this year, a remarkable turnaround from the 89 percent rate in 2003. The rebound is reflected in the vanishing concessions that apartment managers and owners are offering prospective renters, such as one-month free rent. Rents are also expected to climb 7 percent. Competition for land between apartment builders and condominium developers will push per-unit construction prices higher. This year, more apartment units will be converted to condos than new apartment units added to the market.

Phoenix Industrial Commercial Property

The lack of developable land for large industrial uses and rising construction and land costs will lead to a 10 to 20 percent jump in rents.

Vacancy rates will hover around 6.1 percent, only slightly higher than the 2005 rate. The southwest Valley will continue to face a lack of available space despite a lot of interest from California firms looking for a distribution alternative. Rail capacity is also an ongoing issue in this sector.

Phoenix Retail Commercial Property

Merchants will pay more this year to lease new store space near the new subdivisions on the Valley's fringes. Retail rents have risen 20 to 30 percent during the past two years, driven by higher costs for land and construction and rising city fees. The trend is expected to continue this year as rents jump an additional 5 to 15 percent.

But retail development will continue in metropolitan Phoenix as long as the new-home market stays strong. Look for increasing retail action in the home-building hubs in the West Valley and Pinal County.

Retail vacancy stood at 5.25 percent at the end of last year with a base of 121.74 million square feet of shopping centers that measure at least 30,000 square feet. There are 4.31 million square feet of new retail space being built.

Investment
CB expects traditional investors such as pension-fund advisers, real estate investment trusts and insurance companies to reassert themselves in the investment market this year.

Coxon said the days of the 18-month buy-and-flip cycle of big office buildings is over but maintained that real estate remains attractive compared with stock-market investing.

Information Deemed Reliable But Not Guaranteed.
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Phoenix Commercial Property
Arizona Commercial Real Estate