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    34225 Suites 240 & 241 Phoenix, AZ 85085

    For Sale
    $2,177,276

    Phoenix Medical Office - NNN Lease

    Property size:
    20,834 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 20,834 square foot medical office building, located at 34225 N 27th Dr Building 5, Suites 240 & 241, Phoenix, AZ 85085, presents a compelling investment opportunity. Built in 2007, the property boasts a 100% occupancy rate with a strong corporate-guaranteed NNN lease in place. The asking price is $2,177,276, yielding a 6.42% cap rate and a pro-forma NOI of $139,890. This single-tenant building offers 5 parking spaces per 1,000 square feet, ensuring ample parking for patients and staff. Situated within the Sonoran Canyon Office Park, the property benefits from its location approximately one mile east of the I-17 Freeway and its proximity to other medical providers, creating a desirable and convenient location for medical practices. The building is professionally managed, providing peace of mind for the investor. This True NNN investment offers a secure and stable income stream with a long-term lease. The property is ideally suited for investors seeking a high-quality, well-located medical office building with a strong tenant and excellent financial performance. The property consists of 20,834 square feet and is situated in Maricopa County.

    Property Features for 34225 Suites 240 & 241

    General Information

    Property type
    Medical offices
    Square Feet
    20,834 SF

    Building Details

    Year Built
    2007
    Units
    3650

    HighLights

    • Professionally managed medical office building.
    • Located one mile east of the I‑17 Freeway.
    • Situated in Sonoran Canyon Office Park, near other medical providers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1171969
    Latitude
    33.7959489

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    FAQs

    What type of property is this?
    Medical office - Phoenix Medical Office - NNN Lease
    Where is this medical office located?
    The property is located at 34225 Suites 240 & 241 Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,177,276.
    What are key features of this property?
    This property features: Professionally managed medical office building.; Located one mile east of the I-17 Freeway.; Situated in Sonoran Canyon Office Park, near other medical providers.
    Request Owner's contact information
    34225 Suites 240 & 241 Phoenix, AZ 85085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34225 Suites 240 & 241 Phoenix, AZ 85085
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