4735 Union Hills Dr Phoenix, AZ 85050

Property Details for 4735 Union Hills Dr

Year built

2003

Lot size

0.88 lot acres

Property size

8,600 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional 8,600 square foot medical office building, situated on a 0.88-acre lot in Phoenix, Arizona's Paradise Valley area, presents a compelling investment opportunity. Built in 2003, this single-story Class B building is currently 100% occupied by Phoenix Pediatrics, a well-established pediatric practice with a 21-year history at this location and 50 years in the Phoenix area. The property boasts a strong 6.86% cap rate and is priced at $3,600,000 ($418.60/SF). Its prime location on a major thoroughfare ensures high visibility and accessibility, while its proximity to pharmacies, other medical specialists, and emergency services enhances its appeal. The building's custom design caters specifically to pediatric healthcare, incorporating state-of-the-art infrastructure suitable for specialized services. The robust Phoenix healthcare market, coupled with the stable tenancy and specialized nature of the facility, makes this a secure and attractive investment. The property's advantageous demographics, situated in a family-oriented area with a significant young family population, further contribute to its long-term viability. This core+ investment offers a unique blend of stable income, strong market fundamentals, and a specialized facility perfectly suited to the growing demand for pediatric care in the Phoenix metropolitan area. The building's modern construction and efficient layout optimize functionality and operational efficiency. This is a rare opportunity to acquire a fully occupied, high-performing medical office building in a desirable location.