926 East Mcdowell Rd, Phoenix, AZ 85006
- Medical Office Space
- 57,136 SF
- 1.95 lot acres
Current Use by Public Records
- United Methodist Church / Church
- Bruce A Spigner DDS / Dental Office
- United Health / Corporate Office
- Sonora Quest Laboratories / Hiv Testing Center / Std Testing Service
- Dr Carlos Orrego / Physician
Property Details for 926 East Mcdowell Rd
- Year built
- 1965
- Construction
- CONCRETE
- Lot size
- 1.95 lot acres
- Zone code
- C-2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 117-32-112A
- APU
- 11732112A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 14, 2022 | $17,885,000 | Nwi Grunow Memorial Medical Center | Hsre Mpcca Phoenix Mob LLC | Special Warranty Deed | $337k · Royal Bank Of Canada |
| Mar 29, 2019 | $12,350,000 | Hsre-mpcca Phoenix Mob LLC | Mpvaz Phoenix LLC | Trustees Deed | $10.1M · Capital One NA |
| Sep 8, 2017 | $4,900,000 | Mpvaz Phoenix LLC | Pv Grunow LLC | Grant Deed | $4.1M · Bank Of The West |
| Jan 31, 2014 | $2,100,000 | Pv Grunow LLC | Msci Series 2005-top17 | Grant Deed | — |
| Jan 22, 2013 | $3,740,909 | Us Bank NA Series 2005-top17 Tr | Williams Craig K | Trustees Deed · related | — |
| Nov 1, 2004 | — | Alsace LLC | Carlsberg Properties Ltd | Grant Deed | $3.7M · Morgan Stanley Mtg Capital INC |
| Sep 28, 1992 | $530,000 | Carlsberg Properties Ltd | Puget Sound Savi | Grant Deed | — |
| — | — | Pv Grunow LLC | — | Deed Of Trust · related | $3.5M · Western Alliance Bk |
Description
This exceptional Class A medical office building, located at 926 E McDowell Rd in Phoenix, Arizona, offers a prime opportunity for healthcare providers seeking flexible and modern space. The 51,465 square foot building, situated on a 2.4-acre lot, boasts a range of suite sizes, accommodating businesses needing anywhere from 1,210 to a maximum contiguous 3,840 square feet. Currently, 9,493 square feet of space is available for lease. Built in 1965 and extensively renovated in 2014, the property provides a comfortable and updated environment for patients and staff. Ample parking is available with 109 spaces. The building enjoys excellent tenant synergy, with existing occupants including a dialysis center, ENT, otology, OB/GYN, family practice, internal medicine, podiatry, neurology, dental practices, and Sonora Quest Labs. This location in Maricopa County offers easy access for patients and employees, making it an ideal location for a variety of medical practices. The property's multiple tenancy structure allows for a diverse range of medical professionals to thrive in a collaborative setting. This is a rare opportunity to secure high-quality medical office space in a thriving Phoenix healthcare hub. Contact us today to learn more about leasing options and availability.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $19,290,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,575,000
- 6.5%
- $12,530,000
- 7%
- $11,635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $13,688,000
- AI Estimate
- $13,294,000
Market price range: $8.99M - $22.5MMarket price range: $8.49M - $22.1M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $15,165,000 Current use
- AUTO REPAIR, GARAGE
- $24,145,000 Change: +59% Conversion: Difficult
- OFFICE BUILDING
- $17,145,000 Change: +13% Conversion: Easy
- WAREHOUSE, STORAGE
- $14,830,000 Change: -2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $14,545,000 Change: -4% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $12,570,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.061
- Latitude
- 33.4662
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
