4140 N 108th Ave - Office CONDO FOR SALE


Phoenix, AZ 85037
$410,058 USD
480-220-2674
4140 N 108th Ave, Phoenix, AZ for Sale
$410,058 USD
Office CONDO - FOR SALE
1/10
null | 6.5% Cap Rate

4140 N 108th Ave
Phoenix, AZ 85037


HIGHLIGHTS

  • ST NNN Investment Opportunity
  • Brand New 5 Year Lease w/ 3% Annual Increases
  • Strong Tenant Operating Since 2007
  • Part of a 7 Property Portfolio Available Together or Separate
  • Well Located Offices Throughout the Phoenix and Tucson Markets

OVERVIEW

SVN is pleased to present to the market this NNN investment opportunity located in Phoenix, AZ. The property consists of a 1,499 SF office condo currently occupied by Advanced Pain Management. While the tenant has operated out of this location for many years, they recently executed a brand new lease commencing in August 2024 and continuing through July 2029 with three percent (3%) annual increases. The lease is a true NNN lease in which the tenant reimburses the Landlord for expenses and is responsible for all repairs including HVAC repairs and/or replacement. The common areas are managed by an association. This offering is part of a larger portfolio of seven properties for sale that can be purchased together or separately.

FOR SALE DETAILS

PRICE

$410,058 USD

PRICE/SF

$274 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg. D1

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

4,791 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C-O, Phoenix

APN/PARCEL ID

102-58-677,102-58-678,102-58-679

ASK ABOUT THIS PROPERTY

Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.