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    9801 Metro Pkwy Phoenix, AZ 85051

    For Sale
    $9,000,000

    Net-leased medical office, strong tenant.

    Property size:
    34,481 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity features a 34,481 square foot, Class B medical office building in Phoenix, Arizona, fully occupied by a credit-rated tenant under a Net Lease agreement. The 10.1-year lease with United Healthcare, a subsidiary of UnitedHealth Group (NYSE: UNH), commenced February 5, 2024, and includes 3% annual rent bumps and three 5-year renewal options. The property boasts a 5.00% cap rate and a strong NOI of $450,653. Built in 1977 and renovated in 2024, the two-story building sits on a 2.76-acre lot zoned C-2. The property benefits from its location within a major redevelopment project transforming the surrounding area, including the addition of a new light rail station providing convenient access to downtown Phoenix, the airport, and Arizona State University. This presents a compelling opportunity for investors seeking a stable, long-term investment with significant upside potential due to the ongoing revitalization of the surrounding neighborhood. The property's Net Lease structure minimizes landlord responsibilities, ensuring a predictable and low-maintenance income stream. The tenant's financial strength and long-term commitment provide exceptional security and stability for investors. This is a rare opportunity to acquire a high-quality medical office building in a rapidly developing area of Phoenix.

    Property Features for 9801 Metro Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    34,481 SF
    Class
    B
    Lot Size
    120,226 SF

    Building Details

    Year Built/Renovated
    1977/2024
    Buildings
    1
    Stories
    2

    HighLights

    • 34,481 SF Class B medical office building in Phoenix, AZ.
    • Fully occupied by UnitedHealthcare (NYSE: UNH) under a Net Lease.
    • 10.1‑year lease with 3% annual rent increases and three 5‑year options.
    • 5.00% cap rate and $450,653 NOI.
    • Situated on a 2.76‑acre lot, zoned C‑2; renovated in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laura Brodkey College Valley Metro Rail ... Transportation Service College School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -112.1179604
    Latitude
    33.5746913

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    FAQs

    What type of property is this?
    Medical office - Net-leased medical office, strong tenant.
    Where is this medical office located?
    The property is located at 9801 Metro Pkwy Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: 34,481 SF Class B medical office building in Phoenix, AZ.; Fully occupied by UnitedHealthcare (NYSE: UNH) under a Net Lease.; 10.1-year lease with 3% annual rent increases and three 5-year options.
    Request Owner's contact information
    9801 Metro Pkwy Phoenix, AZ 85051
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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
    9801 Metro Pkwy Phoenix, AZ 85051
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