Vera
Exterior

Exterior

multifamilyStudent Housingcommercial

5007 Lincoln Way, Phoenix, AZ 85001

Description

Corner lot with excellent street presence. Ample parking and easy access from major highways.

Property Details

Building Size

49,549 SF

Lot Size

119,117 SF

Year Built

1985

Location

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Approximate location · 37.0867, -116.0072

Rent Roll
3/4 occupied
UnitTenantSize (SF)Status
Suite 100998Vacant
Suite 200AT&T520Occupied
Suite 300Subway1,000Occupied
Suite 400CVS Pharmacy4,740Occupied
Total7,258
For Sale
Verified

Asking Price

$13,480,000

Cap Rate

6.5%

Net Operating Income

Actual

$876,200

Gross Income$1,226,680
Operating Expenses$350,480
Vacancy Rate8%
Occupancy: 98%

Listed by

Sarah Chen
Sarah Chen

broker

Vera Realty Inc.

License #BRK-2024-0042

Last verified: 7/10/2026