For Sale
$2,177,276

34225 Suites 240 & 241Phoenix, AZ 85085

Phoenix Medical Office - NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 20,834 square foot medical office building, located at 34225 N 27th Dr Building 5, Suites 240 & 241, Phoenix, AZ 85085, presents a compelling investment opportunity. Built in 2007, the property boasts a 100% occupancy rate with a strong corporate-guaranteed NNN lease in place. The asking price is $2,177,276, yielding a 6.42% cap rate and a pro-forma NOI of $139,890. This single-tenant building offers 5 parking spaces per 1,000 square feet, ensuring ample parking for patients and staff. Situated within the Sonoran Canyon Office Park, the property benefits from its location approximately one mile east of the I-17 Freeway and its proximity to other medical providers, creating a desirable and convenient location for medical practices. The building is professionally managed, providing peace of mind for the investor. This True NNN investment offers a secure and stable income stream with a long-term lease. The property is ideally suited for investors seeking a high-quality, well-located medical office building with a strong tenant and excellent financial performance. The property consists of 20,834 square feet and is situated in Maricopa County.

Highlights

  • Professionally managed medical office building.
  • Located one mile east of the I-17 Freeway.
  • Situated in Sonoran Canyon Office Park, near other medical providers.

Property Details for 34225 Suites 240 & 241

Property type
Office properties, Medical offices
Square Feet
20,834 SF
Year Built
2007
Units
3650

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.7959489
Longitude
-112.1171969
34225 Suites 240 & 241, Phoenix, Arizona

FAQs

What type of property is this?
Office property - Phoenix Medical Office - NNN Lease
Where is the office property located?
The property is located at 34225 Suites 240 & 241 Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,177,276.
What are key features of this property?
This property features: Professionally managed medical office building.; Located one mile east of the I-17 Freeway.; Situated in Sonoran Canyon Office Park, near other medical providers.
How can I contact the broker?
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34225 Suites 240 & 241
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