Current Use by Public Records
- Office Spaces
Property Details for 0 Queen Crk Professional Vlg
- Year built
- 2007
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a ±2,736 - 3,194 square foot medical office condo in the thriving Queen Creek Professional Village, located at 21321 E Ocotillo Rd #108, Queen Creek, AZ 85142. The property, built in 2007 and zoned C-1, boasts a strong 6.00% cap rate and a substantial NOI of $144,687.50, with an asking price of $1,222,000. Currently leased to a Four Corners Compounding Pharmacy under a triple-net (NNN) lease with three and a half years remaining, the lease is personally guaranteed by the company's principal, ensuring a secure investment. The tenant occupies the entire space, which was custom-built for their operations, including a large manufacturing area and a controlled clean room with advanced air filtration. This prime location benefits from excellent visibility and accessibility, situated south of Loop-202, off Rittenhouse Rd & E Ocotillo Rd, and enjoys close proximity to the Queen Creek Marketplace, featuring popular retailers like Sprouts, Trader Joe's, and In-N-Out Burger. The property's strategic position within the rapidly expanding southeast valley also places it within a 15-minute radius of Phoenix-Mesa Gateway Airport, ASU's Polytechnic Campus, two Dignity Health hospitals, the Elliot Road Technology Corridor, Eastmark Industrial, and the new LG Battery Facility, promising continued growth and high demand in the area. The property's APN is 314-03-917. This is a rare opportunity to acquire a stable, high-yielding medical office investment in a rapidly growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queen Creek
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.642
- Latitude
- 33.2028
