202 Earll Dr Ste 370a Phoenix, AZ 85012-2634

Property Details for 202 Earll Dr Ste 370a

Year built

1986

Construction

STEEL FRAME

Lot size

0.14 lot acres

Property size

95,638 SF

Zone code

R-5

Property type

Medical offices

Property subtype

Medical centers

APN

118-34-644

APU

11834644

Description

This exceptional executive office building, located at 202 E Earll Dr, Phoenix, AZ 85012, presents a compelling investment opportunity. The property, identified by APN 118-34-643, boasts 11,782 square feet and is currently offered at $5,049,429, representing a price per square foot of $428.57 and a 7.00% capitalization rate. The building is zoned R-5 and features a multi-tenant occupancy with a 5-year NNN lease in place. The lease is for a well-established vascular practice and will commence upon the closing of escrow. This prime mid-town Phoenix location offers convenient access to major transportation arteries including the light rail, SR-51, Loop 101, and Loop 202. Numerous retail amenities and hospitals are also within close proximity. The property includes ample parking, both garage and surface, along with approximately 32 wet exam rooms and outdoor balconies. Building and monument signage opportunities are also available. This is a rare opportunity to acquire a high-performing asset in a desirable location with strong tenant occupancy and a proven track record.