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Class A Medical Office Buildings
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20637 North 27th Avenue, Phoenix, AZ 85027

New medical office buildings in Deer Valley, groundbreaking fall 2025.

Space SizeContact for details
Days on Market272

Property Features for 20637 North 27th Avenue

General Information

Standard status Active
Property subtype Healthcare
Listing Agency: CBRE | Phoenix
Listed By: Philip Wurth, CCIM
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 21 at 11:02AM

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 CBRE | Phoenix

Investment Insights

Based on property information with market context.

The Interchange is a mixed-use project featuring three Class A medical office buildings. The property is located in Deer Valley, within minutes of HonorHealth Deer Valley Medical Center. Groundbreaking is anticipated in the fall of 2025. The property size is 91000 square feet.

Key Highlights

  • Newest premier mixed‑use project in Deer Valley.
  • Three Class A medical office buildings.
  • Anticipated ground breaking fall of 2025.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Dental Office Restaurant Hair Salon Garden Center Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

872
Businesses Nearby
Balanced
Demand for This Use

Demographics for 85027, AZ

38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.12 /SF/Yr
Avg Asking Price
$2.72–$32 /SF/Yr
Price Range
11,819 SF
Avg Space Size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - New medical office buildings in Deer Valley, groundbreaking fall 2025.
Where is this medical office space located?
The property is located at 20637 North 27th Avenue Phoenix, AZ.
What are key features of this property?
This property features: Newest premier mixed‑use project in Deer Valley.; Three Class A medical office buildings.; Anticipated ground breaking fall of 2025.
More about this property
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