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Property profile

555 18Th St Phoenix, AZ 85006

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This exceptional medical office building offers four available suites ranging from 1,641 to 5,429 square feet, ideal for various medical practices. Located in Maricopa County, the property benefits from a strategic location near major healthcare institutions and educational facilities. The building is anchored by GateWay Community College's Nursing Program, providing a consistent flow of potential patients and a strong community presence. Under new ownership, this investment opportunity boasts a 5/1,000 parking ratio, ensuring ample parking for staff and patients. Its convenient location offers easy access to the Phoenix Biomedical Campus, home to the University of Arizona's College of Medicine, Arizona State University's Bioinformatics Program, Northern Arizona University's College of Health and Human Services, and the Translational Genomics Research Institute. Furthermore, the property enjoys proximity to several top-tier hospitals, including Phoenix Children's Hospital, Banner University Medical Center, Maricopa Medical Center (Valleywise), and Abrazo Heart Hospital. Excellent highway access via Interstate-10, Loop 202 Highway, and State Route 51 provides convenient commutes for both patients and staff. This is a rare opportunity to acquire medical office space in a thriving healthcare hub with strong institutional support and excellent accessibility. The building's new ownership signifies a commitment to long-term growth and stability, making it an attractive investment prospect.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community College Educational Institution
  • Research Foundation
  • Physician Medical Clinic
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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