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    15601 28Th Ave Phoenix, AZ 85053

    For Sale
    $12,500,000

    $12.5M, 40,620 SF, I-17 Corridor

    Property size:
    40,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 40,620 square foot Class B medical office building in Phoenix, Arizona, presents a compelling owner-user opportunity with income potential. Located on the I-17 corridor, near the Loop 101/I-17 interchange, Deer Valley, and TSMC, this single-building property boasts a prime location within the Arizona Business Park. The building, renovated in 2017, features a mix of medical office space, including lab rooms, exam rooms, and operating rooms, along with general office space, spacious restrooms, an elevator, and two stairwells. The first floor encompasses general office space, medical offices, and a surgery center (approximately 22,395 square feet), which may be available for a leaseback. The second floor, totaling approximately 13,558 square feet, is currently vacant and is built out as flexible classroom/training space with its own restrooms, elevator, and stairwell access. Additionally, there is approximately 11,784 square feet of shell space available for lease on the first floor. The property sits on a 167,967 square foot lot, with highway frontage and prominent electronic monument signage. The asking price is $12,500,000, with a price per square foot of $307.73. The property is zoned CP/GCP and has a Maricopa County APN of 207-42-257. This is a rare opportunity to acquire a well-located, versatile medical office building with significant income potential and leaseback possibilities.

    Property Features for 15601 28Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    40,620 SF
    Class
    B

    Building Details

    Year Renovated
    2017
    Buildings
    1

    HighLights

    • First‑floor surgery center, 22,395 RSF, potential leaseback option.
    • Second floor, 13,558 RSF, vacant, finished classroom/training space.
    • ±1,784 RSF first‑floor shell space and ±13,558 RSF second‑floor training space available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashton & Sons Electricians ... Electrician Jordan Sisto, DPM Podiatrist Mark Pipher, DPM, ... Podiatrist Desert Foot & Ankle Medical Clinic Scott Maling, DPM, ... Podiatrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1175294
    Latitude
    33.6281506

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    FAQs

    What type of property is this?
    Medical office - $12.5M, 40,620 SF, I-17 Corridor
    Where is this medical office located?
    The property is located at 15601 28Th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: First-floor surgery center, 22,395 RSF, potential leaseback option.; Second floor, 13,558 RSF, vacant, finished classroom/training space.; ±1,784 RSF first-floor shell space and ±13,558 RSF second-floor training space available for lease.
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    Phoenix, AZ 85053
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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
    15601 28Th Ave Phoenix, AZ 85053
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