5040 North 15th Avenue Phoenix, AZ 85015

Listing agency Transwestern Phoenix v***@transwestern.com Show Phone

Listed by Vince Femiano · License #AZ SA107941000

Source Crexi

Added: Apr 10 Updated: Jul 21 at 9:12PM Checked: Jul 21 at 9:12PM

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Investment Insights

Based on property information with market context.

Camelback Medical Plaza is a medical office property totaling 46,697 rentable square feet. Constructed in 1982, the building has undergone extensive renovations in recent years, including common area finish upgrades, restroom upgrades, elevator improvements, and installation of a new fire suppression sprinkler system. Additional capital work includes fire alarm upgrades, interior and exterior lighting improvements, interior lighting upgrades, and upgrades to parking lot lighting, signage, and parking lot seal coat and striping.

The property is located in Phoenix, Arizona within a high traffic retail corridor at West Camelback Road and North 15th Avenue. The plaza is 100% leased by a variety of healthcare service providers, with 62.8% anchor tenancy by the Department of Veterans Affairs.

Recent improvements have supported continued leasing momentum, with new lease terms recently commenced and an average remaining lease term of 7 years.

Key Highlights

• Camelback Medical Plaza in Phoenix, AZ totals 46,697 rentable SF and is fully leased to healthcare service providers.
• 62.8% anchor tenancy by the Department of Veterans Affairs with full credit of the U.S. Federal Government.
• Built in 1982; extensively renovated over the last few years by the current owners.

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FAQs

What type of property is this?

Office building - Medical office building totaling 46,697 rentable square feet, built in 1982 and fully leased.

Where is this office building located?

The property is located at 5040 North 15th Avenue Phoenix, AZ.

What are key features of this property?

This property features: Camelback Medical Plaza in Phoenix, AZ totals 46,697 rentable SF and is fully leased to healthcare service providers.; 62.8% anchor tenancy by the Department of Veterans Affairs with full credit of the U.S. Federal Government.; Built in 1982; extensively renovated over the last few years by the current owners.