Listing Agency: Menlo Group Commercial Real Estate Show Phone

Listed By: Stuart Milne · License #SA634760000 Show Phone

Source: Moodyscre

Added: Jul 4, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:41AM

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Investment Insights

Based on property information with market context.

This single-story office space features a private entrance and direct access. Suite H1 offers 2,687 square feet of space. Ample covered and surface parking is available. Building and monument signage opportunities are also available.

Key Highlights

• Single‑story with private entrance and direct access
• 2,687 SF Suite H1
• Ample covered and surface parking

Property Analytics

Property Profile

Current Use

Steven S. Sabatino ... Dental Office Cesar Villarreal, MD Physician Jun Zhong, MD Physician Michael Lavarnway, DO Physician Priti Patel, MD Physician

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Restaurant Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.65 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,259

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Phoenix, AZ

$18.84 /SF/Yr

Avg Asking Price

$0.58–$59.85 /SF/Yr

Price Range

11,631 SF

Avg Space Size

This space is priced 65% above the average of $18.84 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019

19.3% 2020

21.7% 2021

24.3% 2022

27.4% 2023

28.5% 2024

26.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Single-story office space with private entrance and ample parking.

Where is this office units located?

The property is located at 16620 N 40th St Phoenix, AZ.

What is the lease rate?

The lease rate is $31 SF/Yr.

What are key features of this property?

This property features: Single‑story with private entrance and direct access; 2,687 SF Suite H1; Ample covered and surface parking