For Sale
$1,222,000

0 Queen Crk Professional VlgQueen Creek, AZ 85142

High-Yield Medical Office in Queen Creek, AZ

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a ±2,736 - 3,194 square foot medical office condo in the thriving Queen Creek Professional Village, located at 21321 E Ocotillo Rd #108, Queen Creek, AZ 85142. The property, built in 2007 and zoned C-1, boasts a strong 6.00% cap rate and a substantial NOI of $144,687.50, with an asking price of $1,222,000. Currently leased to a Four Corners Compounding Pharmacy under a triple-net (NNN) lease with three and a half years remaining, the lease is personally guaranteed by the company's principal, ensuring a secure investment. The tenant occupies the entire space, which was custom-built for their operations, including a large manufacturing area and a controlled clean room with advanced air filtration. This prime location benefits from excellent visibility and accessibility, situated south of Loop-202, off Rittenhouse Rd & E Ocotillo Rd, and enjoys close proximity to the Queen Creek Marketplace, featuring popular retailers like Sprouts, Trader Joe's, and In-N-Out Burger. The property's strategic position within the rapidly expanding southeast valley also places it within a 15-minute radius of Phoenix-Mesa Gateway Airport, ASU's Polytechnic Campus, two Dignity Health hospitals, the Elliot Road Technology Corridor, Eastmark Industrial, and the new LG Battery Facility, promising continued growth and high demand in the area. The property's APN is 314-03-917. This is a rare opportunity to acquire a stable, high-yielding medical office investment in a rapidly growing market.

Highlights

  • 2,736 - 3,194 SF medical office condo in Queen Creek, AZ.
  • Triple-net (NNN) leased to Four Corners Compounding Pharmacy with 3.5 years remaining; personally guaranteed lease.
  • 6.00% cap rate and $144,687.50 NOI; asking price $1,222,000.
  • Custom-built space includes manufacturing area and clean room; located in Queen Creek Professional Village.
  • Excellent visibility and accessibility near Loop 202, major retailers, and key employment centers.

Property Details for 0 Queen Crk Professional Vlg

Property type
Office properties, Medical offices
Square Feet
2,736 SF
Year Built
2007

Location Insight

City
Queen Creek
County
Maricopa
State
Arizona
Latitude
33.2028363
Longitude
-111.642224
Queen Crk Professional Vlg, Queen Creek, Arizona

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