For Sale
$594,092

14811 Bell Rd Surprise, AZ 85374

Prime Surprise, AZ Office Building

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 1,473 square foot office condo in Surprise, Arizona, presents a compelling investment opportunity. Located at 14811 W Bell Rd, this property boasts a strong 6.50% cap rate and a Net Operating Income (NOI) of $38,615. Currently occupied by Advanced Pain Management under a new, triple-net (NNN) lease commencing August 2024 and extending through July 2029, with annual rent increases of 3%. The tenant is responsible for all repairs and expenses, including HVAC, making this a low-maintenance investment. The property is part of a larger portfolio, offering potential for bundled purchases. Its convenient location near Surprise Stadium, Surprise Tennis and Racquet Complex, and White Tank Mountain Regional Park provides easy access to dining, retail, recreation, and stunning outdoor spaces. The asking price is $594,092, translating to $403.32 per square foot. The property's Assessed Property Number (APN) is 509-12-811. This is a turnkey investment in a thriving Arizona community. The property is classified as both medical and traditional office space.

Highlights

  • 1,473 SF office condo in Surprise, AZ, currently leased to Advanced Pain Management.
  • New triple-net (NNN) lease commencing August 2024, expiring July 2029, with 3% annual rent increases.
  • 6.50% cap rate and $38,615 NOI.
  • Asking price: $594,092 ($403.32/SF).
  • Part of a larger, seven-property portfolio available for bundled purchase.

Property Details for 14811 Bell Rd

Property type
Office properties, Medical offices
Square Feet
1,473 SF

Location Insight

City
Surprise
County
Maricopa
State
Arizona
Latitude
33.6382791
Longitude
-112.3792649

FAQs

What type of property is this?
Office property - Prime Surprise, AZ Office Building
Where is the office property located?
The property is located at 14811 Bell Rd Surprise, AZ.
What is the asking price?
The asking price for this property is $594,092.
What are key features of this property?
This property features: 1,473 SF office condo in Surprise, AZ, currently leased to Advanced Pain Management.; New triple-net (NNN) lease commencing August 2024, expiring July 2029, with 3% annual rent increases.; 6.50% cap rate and $38,615 NOI.
How can I contact the broker?
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14811 Bell Rd
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