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Medical Corridor Office Units

52 E Monterey Way, Phoenix, AZ 85012

For Lease
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Commercial office space near hospitals, transit stations, cultural venues, and major transportation routes.

Space Size2,955 SF
Days on Market96

Property Features for 52 E Monterey Way

General Information

Standard status Active
Size 2,955 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Neighborhood Encanto
Highway Access Yes
Public Transit Yes

Spaces For Lease

at 52 E Monterey Way
52 E Monterey Way $25/SF/Yr
Floor 1
Size 2,955 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease Yes
- Located within Midtown Phoenix’s Medical Corridor - Nearby Hospitals include St. Joseph’s, Banner, Phoenix Children’s and Valley Wise Medical - Walking Distance to Valley Metro Stations Along Central Ave - Cultural Amenities nearby include Heard Museum, Phoenix Art Museum, Phoenix Opera and Phoenix Convention Center - Quick Access to Downtown, Biltmore area and Sky Harbor Airport - Easy Access to I-10, SR-51 and I-1
Contact us
Listing Agency: Cresa | Phoenix
Listed By: Rod Beach · License #SA534659000
Source: Moodyscre
Added: Aug 6 Changed: Nov 9 Last Checked: Nov 8 at 8:45AM

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 Cresa | Phoenix

Rey
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Investment Insights

Based on property information with market context.

This 2,955-square-foot office property is positioned within Midtown Phoenix’s Medical Corridor and is offered for rent. Its office configuration places it near several major healthcare institutions, including St. Joseph’s, Banner, Phoenix Children’s, and Valley Wise Medical.

Valley Metro stations along Central Ave are within walking distance. The property also sits near the Heard Museum, Phoenix Art Museum, Phoenix Opera, and Phoenix Convention Center, with access to Downtown, the Biltmore area, and Sky Harbor Airport. Regional connections include I-10, SR-51, and I-1.

Key Highlights

  • 2,955 square feet of office space
  • Midtown Phoenix setting within the Medical Corridor
  • Near St. Joseph’s, Banner, Phoenix Children’s, and Valley Wise Medical

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Spectrum Medical Group, ... Medical Group Sirrine Thomas J Physician JUDITH BERGMAN Physician Spectrum Medical: Vanig ... Atm ETHAN D NGUYEN Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Discount Store Auto Parts Store Florist

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,216
Businesses Nearby

Demographics for 85012, AZ

8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$19.8 /SF/Yr
Avg Asking Price
$1.16–$114 /SF/Yr
Price Range
10,023 SF
Avg Space Size

This space is priced 26% above the average of $19.8 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Phoenix, AZ

$19.17 Jul
$17.63 Aug
$18.31 Sep
$18.26 Oct

Properties on Market for Office Units in Phoenix

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Commercial office space near hospitals, transit stations, cultural venues, and major transportation routes.
Where is this office unit located?
The property is located at 52 E Monterey Way Phoenix, AZ.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 2,955 square feet of office space; Midtown Phoenix setting within the Medical Corridor; Near St. Joseph’s, Banner, Phoenix Children’s, and Valley Wise Medical
(602) 690-7050 Call to check price and availability
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