20414 27Th Ave Phoenix, AZ 85027
- Office buildings
- 83,736 SF
- 2.01 lot acres
Current Use by Public Records
- Lifeprint / Medical Center
- Sonora Quest Laboratories / Medical Laboratory / Blood Testing Service
- SimonMed Imaging - Deer Valley / Medical Diagnostic Imaging Center
- Blink Charging Station / Electric Vehicle Charging Station
- Marina Kandova / Nurse Practitioner
Property Details for 20414 27Th Ave
- Year built
- 2008
- Construction
- STEEL FRAME
- Lot size
- 2.01 lot acres
- Property size
- 83,736 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 206-08-375
- APU
- 20608375
Description
This Class A, five-story medical office building, constructed in 2008, offers 81,907 square feet of prime space in Phoenix, Arizona. Located at 20414 N 27th Ave, 85027, in Maricopa County, the building boasts a convenient location, just half a mile from HonorHealth Deer Valley Medical Center. Its strategic position provides easy access to major transportation arteries, including a one-minute drive to the West Loop 101 and a three-minute drive to Interstate 17. This ensures seamless connectivity to residential areas, entertainment venues, and retail establishments. Currently, there are 16,381 square feet of vacant space available, with multiple suites ranging from 1,804 to 2,963 square feet. The building features ample parking, with a ratio of 5.19 spaces per 1,000 square feet. The property enjoys a prestigious location, surrounded by prominent corporate neighbors such as Sonora Quest Labs, Simon Med Imaging, Southwest Desert Cardiology, and United Healthcare (Optum). This presents a unique opportunity for medical professionals seeking a high-profile location with excellent accessibility and a strong tenant base. The building's modern design and prime location make it an ideal investment for those seeking a thriving medical office environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $25,915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $23,695,000
- 6.5%
- $21,660,000
- 7%
- $21,315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $22,215,000
- Geo Method
- $19,550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $24,785,000
- Retail
- $19,530,000
- Mixed-Use
- $21,575,000
- Hospitality
- $22,005,000
- Educational
- $18,545,000
- Residential Income
- $21,870,000
- Energy
- $20,840,000
- Income-Based Land
- $20,000,000
- Food Service
- $21,520,000
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.118
- Latitude
- 33.672
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
