Phoenix Medical/Educational Facility For Sale

15601 N 28th Ave, Phoenix, AZ

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For Sale

Contact for pricing

Medical and educational facility with lease and investment opportunities.

Type:OFFICE

Property size:

40,620 SF

Lot size:

3.90 Acres

Price / SF:

$307/SF

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.
Two stairwells provide additional access to the second floor.
±1,777 RSF of shell space available for lease on the first floor.
Restrooms are already built out within the second‑floor training space.

We can help!

Listing Contact

Beth Jo Zeitzer

For Sale

Contact for pricing

Medical and educational facility with lease and investment opportunities.

Type:OFFICE

Property size:

40,620 SF

Lot size:

3.90 Acres

Price / SF:

$307/SF

Added:: Jul 10, 2024
Days on Market:: 707
Last Refresh:: May 19 at 10:21 pm

Property Features for 15601 N 28th Ave

General Information

Standard status: Active
Size: 40,620 SF
Lot size: 3.90 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Beth Jo Zeitzer

Listing agent Justin Cirell License #SA697209000

Listing office R.O.I. Properties

Listing date Jul 10, 2024

Source Moodyscre

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

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.
Two stairwells provide additional access to the second floor.
±1,777 RSF of shell space available for lease on the first floor.
Restrooms are already built out within the second‑floor training space.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $695,362 @ 7.0% cap · market cap 5.56%

Second Best

Healthcare Medical

$8.27M

$7.24M – $9.65M (±1% cap)

NOI $579,079 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$12.30M

$10.77M – $14.35M (±1% cap)

NOI $861,290 @ 7.0% cap · market cap 6.89%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Ashton & Sons Electricians ... Electrical Service Jordan Sisto, DPM Physician Mark Pipher, DPM, ... Physician Desert Foot & Ankle Medical Clinic Scott Maling, DPM, ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.118
Latitude: 33.6278

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For sale
Office buildings
AZ
Phoenix
15601 N 28th Ave

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.

15601 N 28th Ave, Phoenix, AZ

Medical and educational facility with lease and investment opportunities.

Property Features for 15601 N 28th Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Two-Bedroom Fourplex with Private Yards

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

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