5823 Eugie Ave, Glendale, AZ 85304-1276
This exceptional investment opportunity presents a single-story, 8,550-square-foot medical office building situated on a 1.02-acre lot in Glendale, Arizona. The Class B property, built in 2005, is ideally located in a C-2 zoned area, boasting convenient access to major transportation arteries, including Loop 101 and Interstate 17. Currently fully leased to two tenants under a triple-net (NNN) lease structure until April 30, 2028, providing a stable cash flow with a remaining lease term of approximately four years. The building features a comprehensive medical build-out, ample parking with 54 spaces, and prominent monument signage. Its strategic location adjacent to Banner Thunderbird Medical Center further enhances its desirability. The property's multi-tenant occupancy ensures a diversified revenue stream, and the absence of on-campus use restrictions adds to its investment appeal. This freestanding facility offers a compelling opportunity for owner-users seeking a well-established medical office space or investors looking for a stable, income-producing asset in a high-demand location. The property's parcel number (APN) is 200-75-014S.
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Barbara Maccollum Physician
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Darrell Wadas Physician
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Vincent Honan Physician
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Paul Berggreen Physician
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Dr. Thuy Anh Le Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-O · Glendale, AZGlendale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.