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19810 7Th Ave Phoenix, AZ 85027

For Sale
$10,005,000

Fully Leased Medical/Office Building, Deer Valley

Property size:
45,189 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a 45,189 square-foot, single-story office building in Phoenix, Arizona's desirable Deer Valley submarket. The property, built in 2001, sits on a 3.87-acre lot and boasts 230 parking spaces. Currently 100% occupied by two high-quality tenants, including a subsidiary of Blue Cross Blue Shield and L3 Communications (a tenant for approximately 21 years), this net-lease asset offers a compelling 7.35% cap rate and an asking price of $10,005,000. The building features modern office space with excellent freeway access and high visibility. Its location benefits from robust economic activity in the area, including significant recent investments and the proximity to a major new semiconductor manufacturing campus, promising continued growth and strong long-term value appreciation. The property's single-story design and size (between 30,000 and 50,000 square feet) align with current market trends showing lower vacancy rates compared to multi-story buildings in the Metro Phoenix area. The zoning is IND-PK. This is a rare opportunity to acquire a well-located, fully leased, and high-performing asset in a thriving market. The property's strong tenant base, coupled with its strategic location and favorable market conditions, makes it an ideal investment for those seeking stable income and long-term growth potential. The building's modern design and ample parking further enhance its appeal to tenants and investors alike. This is a truly exceptional opportunity to acquire a premier commercial property in one of Phoenix's most dynamic submarkets.

Property Features for 19810 7Th Ave

General Information

Property type
Medical offices
Square Feet
45,189 SF
Lot Size
168,577 SF

Building Details

Year Built
2001
Buildings
1
Stories
1

HighLights

  • Exceptional boutique office investment opportunity in Deer Valley.
  • 45,189 SF single‑story office building, fully leased to creditworthy tenants Prosano Health Solutions (Blue Cross Blue Shield subsidiary) and L3 Communications (21+ year tenant).
  • Post‑COVID leases demonstrate strong market demand and right‑sized occupancy.
  • 2001 construction, 3.87‑acre lot, excellent freeway access, high visibility, ample parking.
  • Strong Deer Valley location with robust economic activity and recent high‑value transactions, promising consistent returns and long‑term appreciation.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

ACSS Corporate Office

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.0839076
Latitude
33.6660997

FAQs

What type of property is this?
Medical office - Fully Leased Medical/Office Building, Deer Valley
Where is this medical office located?
The property is located at 19810 7Th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $10,005,000.
What are key features of this property?
This property features: Exceptional boutique office investment opportunity in Deer Valley.; 45,189 SF single-story office building, fully leased to creditworthy tenants Prosano Health Solutions (Blue Cross Blue Shield subsidiary) and L3 Communications (21+ year tenant).; Post-COVID leases demonstrate strong market demand and right-sized occupancy.
More about this property
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