Phoenix Medical/Educational Facility For
For Sale
Contact for pricing
15601 N 28th Ave, Phoenix, AZ
Medical and educational facility with lease and investment opportunities.
Property Size40,620 SF
Lot Size3.90 Acres
Price / SF$307.73
Days on Market752
Property Features for 15601 N 28th Ave
General Information
Standard status
Active
Size
40,620 SF
Lot size
3.90 Acres
Property subtype
OFFICE
Listing Agency:
R.O.I. Properties
(602) 319-1326
Listed By:
Justin Cirell · License #SA697209000
(602) 531-2965
Source:
Moodyscre
Added: Jul 10, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R.O.I. Properties
Investment Insights
Based on property information with market context.
This property features a surgery center occupying 22,900 square feet on the first floor, with potential leaseback options available. The second floor offers 13,330 square feet of vacant space, configured as classroom and training areas, complete with restrooms, two stairwells, and elevator access. Additionally, there is approximately 1,777 square feet of shell space available for lease on the first floor. The total property size is 40,620 square feet. Located in Phoenix, Arizona, this facility presents opportunities for both medical and educational ventures.
Key Highlights
- 13,330 RSF of vacant classroom/training space on the second floor, ready for immediate occupancy.
- Potential leaseback opportunity for the existing Surgery Center (22,900 RSF) on the first floor.
- Elevator access to the second‑floor training space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.25M | $30.72 |
| − Vacancy | −$320.7k | −$7.90 |
| EGI | $927.1k | $22.82 |
| − OpEx | −$231.8k | −$5.71 |
| NOI | $695.4k | $17.12 |
40,620 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.93M
$8.69M – $11.59M
NOI $695,362 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$8.27M
$7.24M – $9.65M
NOI $579,079 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$12.30M
$10.77M – $14.35M
NOI $861,290 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Medical and educational facility with lease and investment opportunities.
Where is this office building located?
The property is located at 15601 N 28th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 13,330 RSF of vacant classroom/training space on the second floor, ready for immediate occupancy.; Potential leaseback opportunity for the existing Surgery Center (22,900 RSF) on the first floor.; Elevator access to the second‑floor training space.
