Medical Office Building with Covered
For Lease
Contact for pricing
1728 W Glendale Ave, Phoenix, AZ 85021
Medical office building offering covered reserved parking spaces and partial vacancy across upper floors.
Space Size3,899 SF
Days on Market1231
Property Features for 1728 W Glendale Ave
General Information
Standard status
Active
Size
3,899 SF
Total Parking Spaces
92
Property subtype
OFFICE
Occupancy
42%
Lease Type
Full Service
Site & Location
Neighborhood
Alhambra
Building Details
Tenancy
Multi
Spaces For Lease
at 1728 W Glendale Ave
Arizona Professional Plaza
$19/SF/Yr
Floor
3
Size
3,899 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
• The building is located just two short blocks East of 19th Avenue’s robust public transportation corridor featuring a Valley Metro Rail stop and both North/South and East/West local bus services. The Fry’s anchored retail center, home to several quick-serve restaurants (including Filiberto’s, Pizza Patron, Subway, Westwood Tap and Grill) provides convenient walkable services. The Beatitudes Campus Retirement Community is located directly to the East with over 600 residents offering full continuum of care. The property boasts a well above market parking ratio of ±6.7 per 1,000 square-feet which includes 92 covered reserved spaces located close to the building for tenants and patients/clients convenience.
• The building is currently 42.23% occupied providing an opportunity for an owner-user to acquire the asset or tremendous upside for a value-add investor or developer looking to re-purpose the site. Currently, seven medical office tenants occupy the building with floors 2 and 4 mostly vacant. Vacancies are comprised of second generation medical suites of varying ages.
Contact us
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Jake Annan
(928) 606-0576
Source:
Moodyscre
Added: Jun 14, 2023
Changed: Oct 25
Last Checked: Oct 24 at 3:38PM
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 Lee & Associates | Phoenix
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Investment Insights
Based on property information with market context.
1728 W Glendale Ave is a medical office building with multiple suites currently occupied by seven medical office tenants. The building is 42.23% occupied, with floors 2 and 4 mostly vacant; the available spaces are described as second-generation medical suites of varying ages.
The property sits about two short blocks east of 19th Avenue’s public transportation corridor, which includes a Valley Metro Rail stop and both north/south and east/west local bus services. A Fry’s anchored retail center, with several quick-serve restaurants, is also positioned for convenient walkable access. To the east, the Beatitudes Campus Retirement Community is directly adjacent, and it is described as having more than 600 residents.
Parking is a notable component of the offering, with a stated ratio of 6.7 spaces per 1,000 square feet. The site includes 92 covered reserved spaces located close to the building for tenant and patient/client convenience.
The property sits about two short blocks east of 19th Avenue’s public transportation corridor, which includes a Valley Metro Rail stop and both north/south and east/west local bus services. A Fry’s anchored retail center, with several quick-serve restaurants, is also positioned for convenient walkable access. To the east, the Beatitudes Campus Retirement Community is directly adjacent, and it is described as having more than 600 residents.
Parking is a notable component of the offering, with a stated ratio of 6.7 spaces per 1,000 square feet. The site includes 92 covered reserved spaces located close to the building for tenant and patient/client convenience.
Key Highlights
- Medical office building with 92 covered reserved parking spaces close to the building
- Parking ratio of 6.7 per 1,000 SF (includes covered reserved spaces)
- Currently 42.23% occupied with seven medical office tenants
Property Analytics
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Open Analytics
Current Use
Lease Details
42.2%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
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Market
Lease Benchmarks for Phoenix, AZ
$24.28 /SF/Yr
Avg Asking Price
$3.57–$38 /SF/Yr
Price Range
11,349 SF
Avg Space Size
This space is priced 22% below the average of $24.28 /SF/Yr.
Vacancy Rate% for Office in Phoenix, AZ
Similar Off Market Nearby
- Harmony Veterinary Hospital — 1745 W Glendale Ave, Phoenix, AZ 85021
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building offering covered reserved parking spaces and partial vacancy across upper floors.
Where is this medical office space located?
The property is located at 1728 W Glendale Ave Phoenix, AZ.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Medical office building with 92 covered reserved parking spaces close to the building; Parking ratio of 6.7 per 1,000 SF (includes covered reserved spaces); Currently 42.23% occupied with seven medical office tenants
