34225 Suites 240 & 241 Phoenix, AZ 85085
- Office Properties & Spaces
- 20,834 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 34225 Suites 240 & 241
- Year built
- 2007
- Property size
- 20,834 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.117
- Latitude
- 33.7959
