4616 N 51st Ave - Medical FOR SALE


Phoenix, AZ 85031
$10,650,000 USD
623-692-9435
4616 N 51st Ave, Phoenix, AZ for Sale
$10,650,000 USD
Medical - FOR SALE
1/18
null | 6.4% Cap Rate

4616 N 51st Ave
Phoenix, AZ 85031


HIGHLIGHTS

  • Significant upside through the lease-up of the remaining vacant suites
  • Existing leases are below market rental rates
  • Priced significantly below replacement cost
  • Parkvale Medical Building offers new ownership the benefits of existing cash flow stability
  • Leased to a diverse mix of medical office users

OVERVIEW

Leased to a diverse mix of medical office users Parkvale Medical Building offers new ownership the benefits of existing cash flow stability Significant upside through the lease-up of the remaining vacant suites Existing leases are below market rental rates Priced significantly below replacement cost

FOR SALE DETAILS

PRICE

$10,650,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkvale Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

198

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

R-5 HR, Phoenix

APN/PARCEL ID

144-44-329

ASK ABOUT THIS PROPERTY

Matt Harper, CCIMNAI HorizonMore Info
623-692-9435

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Matt Harper, CCIMNAI HorizonMore Info
623-692-9435

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