Bldg 4
1,420 SF Office/Medical Condo Unit Offered at $520,896 in Phoenix, AZ 85006
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $520,896
- Property Type
-
Office
Listing Contacts
Justin Horwitz
Verified Profile
Richard Lewis
Verified Profile
Sean Alderman
Verified Profile
Aaron Gutierrez
Verified Profile
- Property Info
Property Overview
SVN is pleased to present to the market this NNN investment opportunity located in Phoenix, AZ. The property consists of a 1,420 SF office condo currently occupied by Advanced Pain Management. While the tenant has operated out of this location for many years, they recently executed a brand new lease commencing in August 2024 and continuing through July 2029 with three percent (3%) annual increases. The lease is a true NNN lease in which the tenant reimburses the Landlord for expenses and is responsible for all repairs including HVAC repairs and/or replacement. The common areas are managed by an association. This offering is part of a larger portfolio of seven properties for sale that can be purchased together or separately.
Property Details
- Class
- B
- Year Built
- 1981
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 121,097 SF
- Units
- 1
Highlights
- ST NNN Investment Opportunity
- Brand New 5 Year Lease w/ 3% Annual Increases
- Strong Tenant Operating Since 2007
- Part of a 7 Property Portfolio Available Together or Separate
- Well Located Offices Throughout the Phoenix and Tucson Markets
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