For Sale
$1,267,534

20325 51St AveGlendale, AZ 85308

Medical/Office Condo: High ROI Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 3,339 square foot medical/traditional office condo in Glendale, Arizona. Located at 20325 N 51st Ave, 85308, this property boasts a strong 6.50% cap rate and a Net Operating Income (NOI) of $82,389. Built in 2006, the property is currently occupied under a new, triple-net (NNN) lease commencing August 2024 and extending through July 2029. The lease includes a 3% annual rent increase, ensuring consistent income growth. The tenant, Advanced Pain Management, is responsible for all repairs and expenses, including HVAC, making this a low-maintenance investment. The property is part of a larger portfolio but can be purchased individually. The convenient location near Arrowhead Towne Center and Loop 101 freeway provides excellent visibility and accessibility. The property's Assessed Parcel Numbers (APN) are 206-29-029, 206-29-030, 206-29-031, and 206-29-032. Common area maintenance is handled by a homeowner's association. The asking price is $1,267,534, translating to $379.61 per square foot. This presents a compelling opportunity for investors seeking a stable, high-return medical office investment in a thriving Glendale location.

Highlights

  • Glendale, AZ location with nearby shopping (Arrowhead Towne Center) and dining.
  • Excellent Loop 101 freeway access for high visibility and easy commutes.
  • Strong Glendale commercial market presents a compelling investment opportunity for medical office users.

Property Details for 20325 51St Ave

Property type
Office properties, Medical offices
Square Feet
3,339 SF
Year Built
2006

Location Insight

City
Glendale
County
Maricopa
State
Arizona
Latitude
33.6695829
Longitude
-112.1675083
20325 51St Ave, Glendale, Arizona

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
20325 51St Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message